No GST on health, life cover

ALL GOM MEMBERS agreed with the proposal, a source said, adding that few have given suggestions for improvement. "We want GST on insurance to be zero," Bihar deputy chief minister and GoM convenor Samrat Choudhary said.

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The proposal will now go to the GST Council for approval, he said.

"Many of the states have asked for a mechanism to be evolved to ensure that the benefit of GST reduction goes to the policyholders, and not all of it to the companies," Telangana deputy chief minister Mallu Bhatti Vikramarka said.