Budget 2025: Experts Push for GST Reduction and Higher Tax Deductions on Insurance

Experts are pushing for a reduction in GST rates and higher tax deductions on insurance products in the 2025 Budget. They argue that reducing GST will ease the financial burden on consumers and businesses. Additionally, increasing tax deductions on insurance premiums can boost savings and provide greater financial security for individuals. These measures aim to promote economic growth, enhance consumer spending, and encourage investment in insurance policies, which can ultimately help improve the financial health of citizens. The focus is on making insurance more affordable and encouraging broader participation in the insurance market.