The proposal to reduce the GST rate on health and life insurance premiums remains undecided as no concrete resolution was reached during a recent meeting.

In the meeting, the recommendations of the Group of Ministers (GoM), led by Bihar Deputy Chief Minister Samrat Choudhary, were reviewed. Among the key suggestions discussed was a proposal to exempt GST on gene therapy, a cutting-edge treatment option gaining prominence in healthcare.

The GoM's recommendations aim to make healthcare services more affordable for the public. However, officials indicated that further deliberation is needed before any final decisions can be made.

The proposal to reduce GST on insurance premiums has been a longstanding demand, with stakeholders emphasizing its importance in boosting health and life insurance penetration in the country.

Experts believe that exempting GST on innovative treatments like gene therapy could significantly reduce costs for patients and enhance access to advanced medical technologies.