The health insurance industry continued to post strong growth in November, supported by a pickup in demand for health insurance policies following the GST exemption announced by the government, highlighted a recent report by Nuvama.
The government's move to remove Goods and Services Tax (GST) on health insurance plans has triggered a sharp rise in demand, with the overall uptake for higher health insurance coverage surging by 38 per cent, according to a report by Policybazaar.
Congress leader Rahul Gandhi also joined the protest.
Congress MP Jebi Mather spoke on this and said that no GST should be applied to health and life insurance. She further added that this decision of the government reflects no respect for human faith.
All India Trinamool Congress leader and MP Sudip Bandyopadhyay on Friday criticized the Union government, calling the 18 per cent GST on medical and health insurance "anti-people" and said that it is adversely affecting the citizens of the country.
New Delhi [India], Dec 3 (ANI): India's healthcare market may see threefold rise as its size in value terms is likely to reach USD 372 billion by 2022 from USD 110 billion as of 2016, thereby clocking a compounded annual growth rate (CAGR) of 22 per cent, according to an ASSOCHAM-RNCOS joint