service tax
Budget 2013: Need to make insurance more affordable for common man, says Ajay Bimbhet, Royal Sundaram Alliance Insurance Company
Non-life insurance segment has a very high potential to grow. However, in the absence of incentives, individual prefer saving instruments. Therefore, there needs to be a concerted effort to make insurance all the more affordable and attractive for the common man, says Ajay Bimbhet, Managing Director, Royal Sundaram Alliance Insurance Company Ltd, in his pre-Budget expectations. Read more
Budget 2013: Review needed on levying of service tax on life insurance products, says V Philip, Bajaj Allianz
In order to boost life insurance, levying of service tax should be revisited in order to make the product attractive, says V Philip, MD & CEO, Bajaj Allianz Life Insurance, in his pre-budget expectations. Read more
Tax concessions for life insurance sector likely in budget
Life insurance policyholders can look forward to more tax concessions as finance ministry is considering a proposal to do away with service tax on first premium and create separate exemption limit for pension schemes in the upcoming budget. Read more