Opinion | Four metrics that LIC needs to focus on before divestment through an IPO

For an industry that believes life insurance policies to be push products, the Section 80C deduction benefit was an important nudge. But with the new tax system that aims to make 80C deductions redundant, the life insurance industry is in panic mode. Budget 2020 has proposed lower tax rates for those who offer their entire income to tax and are willing to let go of many deductions and exemptions. This means insurance agents will not be able to sell bundled and complicated life insurance plans as tax-savings tools.

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