Budget 2013-14: Widen coverage area; give tax sops: Health insurance biz

Indian economy measured in terms of Gross Domestic Product (GDP) registered a growth rate of 6.5 per cent in 2011-12, which is the lowest annual growth rate of last decade. Further, this growth rate is expected to be 5.6 percent by the year end where as cost inflation index is moving up in double digit. Read more

Insurance sector looking for remunerative tax incentives

The Indian insurance sector is looking for remunerative tax incentives in Budget 2013-14 to boost sales volumes and increase penetration. While life insurers demand separate deduction limits for long-term insurance products, non-life insurers want special exemption categories for home and property insurance. Read more