Insurance Insurers seek separate tax limits for pension, life policies

Insurers seek separate tax limits for pension, life policies

Source: Hindu Business Line Jan 9, 2016

The Life Insurance Council has asked the Finance Ministry to carve out separate tax exemption limits for life insurance and pension policies.

It wants a separate tax exemption limit of Rs. 1.5 lakh for premiums in the coming Budget to help attract more flows into life insurance policies.

It has also proposed a separate limit of Rs. 1.5 lakh for investments in pension plans.

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