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  • News From Press Budget 2025: Introduce separate tax benefit for term insurance, increase health premium deduction limit, say top insurance officials

    Budget 2025: Introduce separate tax benefit for term insurance, increase health premium deduction limit, say top insurance officials

    Source: Moneycontrol 19 hours ago

    Top insurance company officials want Finance Minister Nirmala Sitharaman to give a boost to life and health insurance sectors when she presents the National Democratic Alliance’s (NDA) 2.0’s second Budget on February 1.

    On top of the insurance industry wish list are the demands to hike section 80D deduction limit for health insurance premiums and introduction of separate tax benefit for term insurance premiums.

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