Budget reaction - Antony Jacob, MD, Royal Sundaram Alliance Insurance

Health Insurance-increase of ceiling: We are pleased that the Government has taken into cognizance the need to increase the ceiling for tax benefits under Sec 80D for health insurance from the current Rs 10,000 premium to Rs 15,000 and Rs 20,000 for senior citizens. This will encourage more people to buy health insurance, safeguarding their future in times of need and also improve market penetration.