- Removal of GST on health insurance led to a 38% surge in demand for higher coverage plans.
- Average health insurance cover increased from Rs 13 lakh to Rs 18 lakh, with 45% of buyers now choosing policies in the Rs 15-25 lakh range.
- The GST exemption, effective from September 22, 2025, made health and life insurance more affordable.
- Demand for comprehensive plans and add-ons is rising, especially among millennials, older adults, and customers in smaller cities.
- There is a notable increase in high-value policies among senior citizens and Tier-2 city residents, reflecting greater awareness of the need for robust health coverage.
Source: a2ztaxcorp.net
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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