New Delhi [India], October 30 (ANI): The government's move to remove Goods and Services Tax ( GST ) on health insurance plans has triggered a sharp rise in demand, with the overall uptake for higher health insurance coverage surging by 38 per cent, according to a report by Policybazaar.
The report indicated that individuals are increasingly prioritising financial security against rising healthcare costs and medical emergencies.
It stated "Zero GST sparks 38 per cent rise in high-value health plans, demand for add-ons also catches up"
According to the report, the average health insurance cover has increased from Rs 13 lakh to Rs 18 lakh, reflecting a growing awareness among consumers about the need for comprehensive protection rather than minimal coverage.
It also shared that nearly

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