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News India Live, Digital Desk: Mediclaim Policy: It is not hidden from anyone how expensive treatment has become in today’s times. Even a small illness can wipe out our years of savings. Due to this fear, a common man withdraws a part of his hard-earned money. Health Insurance Buys it, so that he does not have to lend a hand to anyone in difficult times.
But do you know that even after purchasing this ‘suraksha kavach’, you have to pay huge taxes to the government? Yes, on health insurance at this time 18% Goods and Services Tax (GST) Which seems to be making it even more beyond the reach of the common man. Now, the demand to remove this ‘health tax’ is gaining momentum across the country, so that everyone can get affordable and good health services.
** Understand how your pocket gets hit **
Understand with a small example how expensive this 18% GST makes your health policy.
Suppose, you have purchased a health policy for your family, the annual premium of which is Rs. ₹20,000 Is.
- 18% GST will be charged on this, which is ₹3,600,
- So, you get a total of Rs. 20,000 for a policy ₹23,600 Have to pay.
This additional burden of ₹3,600 falls directly on your pocket. This burden becomes even heavier for senior citizens, whose premiums are already very high.
“Health is a necessity, not a luxury!”
The logic of experts and common people is absolutely clear. Health insurance is not a hobby or a luxury item, but it is a necessity for every family. basic need Is. Just as there should be minimum tax on food, clothing and housing, in the same way it is not right to impose such a heavy tax on health care.
What will be the major benefits of removing GST?
- Premium will be cheaper: The most direct benefit will be that health insurance premium will become cheaper by 18%, due to which more and more people will be able to buy it.
- Access to insurance will increase: Even today very few people in India have health insurance. With the removal of GST, its reach will increase to small towns and villages.
- ‘Out of pocket’ expenses will be less: In India, people spend a lot of money on treatment out of their own pockets, which pushes many families into poverty. If more people take insurance, this problem will reduce.
What is expected from the government?
Ahead of the upcoming general budget, this demand has become even more intense. People are hoping that this time Finance Minister Nirmala Sitharaman will give the ‘biggest relief’ to the common man. Removing GST from health insurance will not just be a tax exemption, but it will be a huge step towards a healthy and safe India.