0% GST on Health Insurance in India
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Dear Prime Minister of India
Health is a basic human need. A healthy population contribute in nation building. In contrast, sick and diseased person is economic burden on society and nation.
The health insurance is one of the effective tool to provide secure financial means to early access to healthcare. Thus reducing the morbidity and potential to increase in the productivity of the communities towards nation building by economic activity.
In country like India, 72% or Rural and 79% of Urban access the private institutions to meet their healthcare need. According WHO, the Out of Pocket Expenditure on health as a percentage of private expenditure on Health was whopping 89.2%. As per NSSO, significantly high population 82% in urban and 86% in rural area do not have any kind of Health Insurance.
In the present GST format, Health service attracts 0% GST. However, Health Insurance is a means to access the health service, which currently placed under 18% GST like other Insurance.
Thus requesting to wave off 18% GST on Health Insurance and treat this seperate entity. Your favour will increase the penetration of Health Insurance and reduce the burden of Public Health Institution. Your generosity will contribute in nation building.
Healthy India, Developed India
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