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Business News: Budget 2022: Insurers urge higher 80C investment limit; reduction in GST on health products

Budget 2022: Insurers urge higher 80C investment limit; reduction in GST on health products : Rashtra News #Budget #Insurers #urge #higher #80C #investment #limit #reduction #GST #health #products Insurance companies are seeking a separate deduction limit of Rs 1 lakh for insurance premium payment under Section 80 C of the Income Tax Act in the ....

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Budget 2022: Insurers Seek Higher 80C Investment Limit; Lower GST On Health Products

Insurance companies are seeking a separate deduction limit of Rs 1 lakh for insurance premium payment under Section 80C of the Income Tax Act in the upcoming Union Budget to bring in more people under the ambit of insurance. ....

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Lack of data no excuse for homecare hospital cover

Lack of data no excuse for homecare hospital cover
Sun, Jun 27 2021 10:42 IST
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Unnao victim off ventilator support, condition improves. Image Source: IANS News
Chennai, June 27 : Two decades after opening up the insurance sector in India on the promise of innovative products, industry officials complain on lack of data for domiciliary hospitalisation cover suggested by their sectoral regulator.
The Indian insurance regulator IRDAI has allowed non-life insurers to offer homecare/domiciliary treatment or treatment at home as an add on cover afresh or to their existing policies.
In a circular to all non-life insurers including standalone health insurers, the Insurance Regulatory and Development Authority of India (IRDAI) has said companies have to file their products with it, if home treatment is offered as an add-on cover. ....

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