In the Union Budget 2014, life insurance companies made a plea to the government to make term insurance mandatory for all salaried individuals. Taking a cue from the motor insurance third party product that is mandatory as per the Motor Vehicles Act, 1988, life insurers wanted pure protection products to also be made compulsory. But the Budget made no such provisions.
75 years to reach per capita income of $2730, will take only 5 years to add another $2000, FM Sitharaman
Read More
