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Budget 2024: Higher tax exemption limit to reduction in GST rate, what is insurance sector expecting this time

4 July 2024 by Admin
Budget 2024: Higher tax exemption limit to reduction in GST rate, what is insurance sector expecting this time

Union Budget 2024: Indian insurance firms have been expecting various tax exemptions from the Central government in the upcoming Union Budget to improve the appeal and accessibility of insurance products, thus encouraging wider adoption across the country. Insurers specialising in life coverage are advocating for tax relief on annuities and a reduction in the goods and … Read more

Categories Economy Tags Annuities, ayushman bharat, Bima Sugam, BPL population, employer health insurance, finance minister nirmala sitharaman, GST on health insurance, GST reduction, health insurance premiums, healthcare expenditure, income tax act, Indian insurance sector, insurance accessibility, Insurance for All by 2047, insurance penetration, insurance premium payments, insurance products, IRDAI, life insurance, Long Term Capital Gain tax, medical insurance deductions, multi-speciality hospitals, National Health Policy, National Pension Scheme, pension products, personal accident cover, physically disabled, Retirement planning, Section 80-D, section 80c, senior citizens, tax benefits, tax exemptions, traditional endowment policies, ULIPs, Union Budget 2024, Universal Health Scheme Leave a comment
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