Government should raise tax exemption limit for health insurance and introduce fiscal measures to help increase its penetration, say industry officials.
The suggestions forms part of insurance sector wish-list for the Budget 2016-17 to be presented in Parliament on February 29.
"There is an impending need for further tax exemption as health insurance is still not adopted as a necessity for one's self and family.
"Further exemption will encourage people to get a health insurance policy with extended covers which is a necessity in today's time given the current medical inflation in the country", Future Generali India Insurance MD & CEO K G Krishnamoorthy Rao told PTI.
How to strategically invest for your long-term financial goals
Read More
