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Union Budget 2021: Make insurance more affordable, attractive proposition for customers

Union Budget 2021: Make insurance more affordable, attractive proposition for customers Due to COVID-19, the consumer mindset has undergone a tectonic shift from looking at health insurance as a priority to seeing it as a necessity, says ManipalCigna s Prasun Sikdar FP Staff January 31, 2021 19:54:53 IST Crafting the safety net The healthcare sector must be supported and encouraged to expand and thrive so that it can make a real difference to the country’s economy and employment. COVID-19 has been a rude wake-up call with regard to health insurance many understood the need to have one as the pandemic struck.  In the wake of COVID-19

Health insurers seek higher tax deductions, lower GST on policies

Health insurers seek higher tax deductions, lower GST on policies ​ By IANS | Published on ​ Thu, Jan 28 2021 14:57 IST | ​ 0 Views GST.. Image Source: IANS News New Delhi, Jan 28 : The health insurance sector has sought favourable tax treatment from the government to help penetrate this important security to the masses especially on account of rising hospitalisation bills during the pandemic. In a set of recommendations involving tax treatment for health insurance policies, the industry had urged the government to immediately increase the 80 D tax deduction benefit for individuals on their premium payment for health insurance policies. The limit currently stands at around d Rs 25,000 for health insurance cover for self and family and additional amount of Rs 25,000 for premium payment towards health policies taken for dependent parents upto 60 years of age and Rs 50,000 deduction for cover to patents above 60 years.

Your Queries: Health Insurance | Dependent kids are covered under family floater till age of 25

Your Queries: Health Insurance | Dependent kids are covered under family floater till age of 25
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