Demand for removal of 18% GST on life, health insurance reaches Parliament: Will govt withdraw this burden on common man now?

economictimes.indiatimes.com:

GST of 18% on life or health insurance policies pinches policyholders and discourages citizens from taking a new or higher insurance cover. The pain of policyholders gets amplified as insurance is a product where most beneficiaries will get the benefit only when they face an eventuality like death or hospitalisation. What this means is that in some cases, they would pay the premium and high tax but not get the benefit.
While the insurance industry has been raising its voice against this, the issue of 18% goods and services tax (GST) on life and health insurance premiums has again come to the forefront now. The political parties of the INDIA bloc have recently protested the high tax outside the Parliament building and demanded that the central government withdraw this GST. At least one person in the government has also aired similar views. A few days ago, Union Minister of Road Transport and Highways Nitin Gadkari wrote to Finance Minister Nirmala Sitharaman urging her to roll back the 18% GST on such financial products. After Gadkari's letter, West Bengal Chief Minister Mamata Banerjee has also urged Sitharaman to remove GST on insurance premiums. So will the central government remove the 18% GST and bring down your life and health insurance premium? As the Centre looks into the issue, let us understand why everyone wants the government to remove GST from insurance premiums and how it can lower your insurance premiums.

GST on insurance: 'Levying GST on life insurance premiums amounts to levying tax on the uncertainties of life' says Nitin Gadkari's letter to FM

Gadkari has said it concisely in his letter. “Levying GST on life insurance premiums amounts to levying tax on the uncertainties of life,” said the letter dated