GST Council call on insurance next month

NEW DELHI: The GST Council, which is set to meet in Rajasthan on Dec 21-22, will decide on slashing the levy on term insurance plans from 18% to zero, along with creating a similar dispensation for health covers for senior citizens as well as those purchasing insurance up to Rs 5 lakh. A decision on rate rationalisation for other goods and services is, however, unlikely in the meeting in the deser…