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

"We expect the budget to consider creating a separate section for tax deduction on premium paid towards life insurance. This would enable a more logical segregation of customer's funds into long-term and short-term kitties," Edelweiss Tokio Life Insurance Executive Director Subhrajit Mukhopadhyay said.

"The securitisation volumes in Q4 (FY22), which should have otherwise seen a healthy improvement, could be impacted by the concerns around the third wave of COVID infections that may affect the repayment capabilities of the borrowers who have a marginal financial profile," the rating agency said in a report released on Tuesday.


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