The continuing pandemic due to Covid-19 has demonstrated the necessity for health insurance in every household to adequately protect all family members against medical uncertainties. The health segment has surpassed the motor segment in the insurance sector after the pandemic first hit the country in March 2020, leading to an unimaginable surge in medical costs. Given the global spotlight on health insurance, any form of tax exemption for medical/ health insurance policies will greatly benefit insurance customers, as tax exemptions will trigger more interest in buying insurance and increased insurance awareness. In this regard, the following are reasonable expectations from the Finance Minister in the upcoming Budget for the insurance sector:
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