'Tax on uncertainties of life': Gadkari asks FM Sitharaman to withdraw 18% GST on life, medical insurance premiums

Quick Summary:

Union minister Nitin Gadkari requested finance minister Nirmala Sitharaman to remove the 18% GST on life and medical insurance premiums.

He highlighted that taxing these premiums burdens those seeking financial protection and hinders the growth of the medical insurance sector.

The request followed a memorandum from the Nagpur Divisional Life Insurance Corporation Employees Union.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: TOI Business Desk

Category: EconomyBusiness

Markets: IndiaChina

Topics: Business news GST Withdrawal Insurance Premium Life Insurance Nirmala sitharaman Medical Insurance Gst rates Nitin gadkari GST bill

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-31 @ 15:09:59 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 760 words

Reading Time: 5 minutes read

Sentences: 26 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 21870499

View Article Analysis

About Times of India

Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

Update Frequency: 23 posts per day

Year Established: 1838

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #28

Publisher Details

Frequently Asked Questions