GST cut backfired? your health insurance premium may go up by up to 5 pc, says report

After the  GST council lowered the tax rate on life and  health insurance premiums to zero from 18% on Wednesday, industry experts openly expressed their apprehensions, saying the government’s move could backfire and make insurance premiums expensive for policyholders. Now, the Kotak Institutional Equities Research has come out with a report suggesting insurance companies may c…