The central government may propose a reduction in the GST tax rate from 18% to 12% for health insurance premiums up to Rs 30,000.

• Main aim is to enhance affordability and attractiveness.
• A premium of this amount could secure health insurance coverage of around Rs 10 lakh per annum for a family of four, considering factors like coverage type and insured age.
• According to an official, this tax rate decrease could result in lower premiums or expanded health coverage options based on people’s needs.