A report by Policybazaar indicates that removing the 18% Goods and Services Tax (GST) on health insurance has led to a significant increase in coverage. The average sum insured rose by 31%, from Rs 14.5 lakh to Rs 19 lakh, with a notable shift towards higher coverage policies. Policies above Rs 10 lakh saw substantial growth, while those below Rs 10 lakh declined. Multi-year plans also gained popularity, particularly among younger buyers.