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

Union Minister of Road Transport and Highways Nitin Gadkari has requested Finance Minister Nirmala Sitharaman to withdraw the 18 per cent Goods and Services Tax (GST) on life and medical insurance premiums.

In his letter to the Finance Minister, Gadkari raised concerns of the Nagpur Division Life Insurance Corporation Employees Union, which had submitted to him a



memorandum regarding the issues of the insurance industry.

Referring to the memo, the Minister said, “Levying GST on life insurance premiums amounts to levying tax on the uncertainties of life. The Union feels that the person who covers the risk of life’s uncertainties to give protection to the family should not be levied tax on the premium to purchase cover against this risk.”