Gadkari urges FM to withdraw 18% GST on life, medical insurance premiums

Nitin Gadkari, the Road Transport Minister, urged Finance Minister Nirmala Sitharaman to eliminate the 18% GST on life and medical insurance premiums. He highlighted concerns raised by the Nagpur Division Life Insurance Corporation Employees Union about the fairness of taxing premiums, arguing it penalizes individuals seeking to insure against life's uncertainties and their families' protection.