Shikha Sharma, managing director, ICICI Prudential Life Insurance - "The increase in the exemption limit for health insurance premium to Rs 15,000 to Rs 10,000 will benefit senior citizens since the cost of insurance rises with age. For instance a 60-year old might pay around twice what someone below 40 pays. The tax breaks will be available to both non-life companies and life...
The health insurance sector has received a boost from the Union Budget. The tax deduction limit with respect to medical insurance premium under Section 80 D has now been increased from Rs 10,000 to Rs 15,000 and for senior citizens it has been enhanced from Rs 15,000 to Rs 20,000. According to analysts, the size of the health insurance market is estimated to be around Rs 2,100...
Antony Jacob, Managing Director, Royal Sundaram Alliance. 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 Rs10,000 premium to Rs15,000 and Rs20,000 for senior citizens. This will encourage more people to buy health insurance , safeguarding their future in...
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...
Mr Antony Jacob, Managing Director, Royal Sundaram Alliance Insurance Company hopes that the promised comprehensive Insurance Reforms Bill will happen soon. "Foreign direct investment needs to be increased to 49 per cent. This will allow for capital inflow into the insurance industry and will further enrich it by bringing world-class business practices and processes, help...
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