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Insurance industry seeks hike in tax exemption limit

Suggestions part of insurance sector wish-list for Budget 2016-17 to be presented on Feb 29

Press Trust of India  |  New Delhi 

Government should raise tax exemption limit for health insurance and introduce fiscal measures to help increase its penetration, say industry officials. The suggestions forms part of insurance sector wish-list for the Budget 2016-17 to be presented in Parliament on February 29. Read our full coverage on Union Budget 2016 "There is an impending need for further tax exemption as health insurance is still not adopted as a necessity for one's self and family. "Further exemption will encourage people to get a health insurance policy with extended covers which is a ...

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