Taxing insurance premiums at 18 per cent at a time when insurance penetration in the country is merely 4.2 per cent is, perhaps, not the best way forward. Instead, the
GST on insurance premiums should be reduced to 5% or nil: SBI Research
Govt may look to reduce GST on insurance premiums and enrol the workers of MNREGA under the PMJJBY, PMSBY to increase insurance penetration
 "Insurance")
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Topics : GST SBI Yono insurance premium Insurance Sector
First Published: Mar 22 2022 | 1:02 PM IST
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