Insurance News: Cooperative model leads to inclusive growth

In a first ever move by the finance ministry to seek life insurers’ view on taxation issues, it has invited suggestions from life  insurance companies for making changes in direct and indirect taxes for the sector, to be considered in the Union Budget 2013-14.  In a letter to the Life Insurance Council, the ministry has called for suggestions and views for changes in the duty structure, rates  and broadening of tax base, giving economic justification for the same. Read more