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Insurance firms expect Interim Budget proposals to boost penetration

For the insurance industry, the schemes aimed at boosting farmers' income and reducing tax outgoes for the middle-class will encourage consumption, insurers said

Topics
Railway Budget  |  Insurance Industry  |  Insurers

Press Trust of India  |  Mumbai 

The insurance industry expects the budget proposals to increase disposable income through hike in tax rebates, pensions, health cover for the masses and digital connectivity, help the sector grow faster. "The interim budget aims to uplift the poor, both in cities as well as in villages," ICICI Lombard General Insurance's Bhargav Dasgupta said.

For the insurance industry, the schemes aimed at boosting farmers' income and reducing tax outgoes for the middle-class will encourage consumption, while the plan to develop 1 lakh digital villages will boost digital ...

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First Published: Fri, February 01 2019. 17:45 IST