“We expect the change of control to take effect in the coming weeks from Aegon and Bennett, Coleman & Co. (BCCL) to the Bandhan Group,” Karni Singh Arha, managing director, Bandhan Financial Holdings, told ET.
Insurance sector has also demanded the government to increase the tax exemption limit under 80C, which will encourage savings, promote insurance coverage, and stimulate economic growth.
Experts recommend introducing a separate tax deduction limit for life insurance and changing tax sections 80C and 80D to provide separate tax breaks for life and health insurance payments, as well as fixed-term insurance plans, to enhance social security
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