 "Nirmala Sitharaman, 'Halwa' ceremony, Union Budget 2024-25")
Union Finance Minister Nirmala Sitharaman with Union Minister of State for Finance Pankaj Chaudhary during the ‘Halwa’ ceremony to mark the final stage of Union Budget 2024-25, in New Delhi. (PTI Photo)
Make health insurance more accessible for ‘missing middle’ segment, says CEO, Bajaj Allianz General Insurance
Tapan Singhel, MD & CEO of Bajaj Allianz General Insurance, said reforms like offering health insurance to employees at negotiated rates, reducing GST on health insurance premiums, and offering tax benefits like increased Section 80D exemption limits would make health insurance more affordable and accessible, especially for the ‘missing middle’ segment of our population.
Insurers expect more tax benefits for health insurance under the new tax regime
Anup Rau, managing director and chief executive officer of Future Generali India Insurance Company, stated that the deduction limit on health insurance premiums under Section 80D of the Income Tax Act has remained unchanged for the past nine years despite the fact that there has been a significant rise in healthcare costs across the country.
Union Budget 2024: Real estate sector seeks industry status, tax relief
Centre to introduce amendments to push banking sector reforms
The Centre is likely to introduce amendments to Banking Regulation Act 1949 and other laws to push banking sector reforms during the upcoming Budget session.
First Published: Jul 17 2024 | 12:58 PM IS