Health Insurance Takes Off as GST Drops to Zero

Hold onto your hats! Health insurance policies covering over ₹1 crore have soared from 2% to nearly 12% since the government waved its magic wand and dropped GST from 18% to zero. It seems people are all about those hefty health safety nets now!

Quick rundown

1.Health insurance policies with Rs 1 crore cover are on the rise.

2.GST on health insurance was reduced from 18% to zero.

3.Policybazaar reports a significant shift in buyer preferences.

4.The central government's tax rationalisation boosts insurance uptake.

5.High-value insurance policies are becoming more popular.

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Hey there, ninja fans! Standalone health insurers are charging ahead, boosting their market share to 13.6% in FY26 from 12.5% last year! Thanks to a super cool zero percent GST on health policies, they're leveling up! Meanwhile, general insurers took a tiny step back, but don’t worry, they’ll bounce back like a true ninja! Believe it!
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Yo, health insurance is gettin’ a glow-up, ya feel me? These companies are all about that personalized vibe, droppin’ reduced wait times and tailored plans to keep you cruisin’ smooth. They wanna be your health homies, not just a backup when the chips are down. With tech in the mix, it’s all about wellness rewards and easy claims, makin’ health care a whole lot cooler, fo’ shizzle.
07:35 am on Tuesday, 7 April, 2026
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11:05 am on Tuesday, 7 April, 2026
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Listen up, folks! In April, the GST collections blasted off by 8.7% to a staggering ₹2.43 trillion! That’s right, last year’s record of ₹2.23 trillion was just a warm-up act. Domestic transactions flexed a 4.3% gain, while imports exploded with a 25.8% surge! Refunds? They’re up 19.3%! Get ready for a net GST of about ₹2.11 trillion, and that’s the bottom line!
07:10 am on Friday, 1 May, 2026

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