Millennials want lower GST on health insurance, more savings on home loans

Tax benefit on WFH expenses, regulatory clarity on cryptos also figure high on their wish list from this Budget

A recent survey titled ‘Millennial Mood Index 2021’ conducted by CASHe, an artificial intelligence-driven financial wellness portal, found that over 84 per cent of the millennial respondents have stepped up wealth management to prepare for future contingencies. Millennials, who appear to have become more interested in their personal finances in the wake of the coronavirus (Covid-19) pandemic, have high expectations from Union Budget 2022.

Lower GST on health insurance  

Covid-19 has driven home the significance of having adequate health insurance cover for the family. Durga R, a Mumbai-based self-employed person says, “I bought several health insurance policies recently – one