DancingDonut
DancingDonut
3d

🚨Group health insurance will still attract 18% GST

Here is a list of popular group policies:-

  1. Policies offered by your employer
  2. Policies sold by banks
  3. ICICI Lombard health shield 360
  4. CA group policy from New India Assurance
  5. Jain community policies from Star Health
  6. Group policies sold by fintech startups

All these policies have the following drawback

  1. Will still attract 18% GST
  2. Can be terminated at will by the insurer
  3. Can see steep premium hikes even without a claim

Be very careful and DO NOT BUY these policies. Personal health insurance is the only product to buy!

3d ago
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