Next-gen GST reforms: Health, life insurance made tax-free, several medical essentials made cheaper

September 4, 2025 8:52 AM

Next-gen GST reforms: Health, life insurance made tax-free, several medical essentials made cheaper

The landmark next-generation GST reforms that were announced on Wednesday include significant relief to citizens in the healthcare and insurance sectors. One of the biggest announcements is the complete removal of GST on individual health and life insurance. Until now, they have attracted 18 per cent GST. With the new reform, they have been moved to the zero-tax bracket, making health and life insurance more affordable and accessible to a wider section of society. These reforms, cleared by the ...

Over 1.3 crore individuals insured through GeM in FY 2024-25; platform facilitates hiring of 1 million manpower resources

April 16, 2025 3:01 PM

Over 1.3 crore individuals insured through GeM in FY 2024-25; platform facilitates hiring of 1 million manpower resources

The Government e-Marketplace (GeM) has successfully facilitated insurance coverage for over 1.3 crore individuals under Health, Life, and Personal Accident Insurance policies. In addition, the platform enabled the hiring of 1 million manpower resources across government departments and organizations. The Insurance Services category was introduced on GeM in January 2022 with the objective of streamlining the procurement of insurance products while ensuring transparency, cost-effectiveness, and r...