Insurance penetration cannot be done by merely crowding market with large number of players: AIIEA gen secy Mishra
Mishra said the Centre has in the recent budget made it clear that it intends to migrate to an exemption-free tax regime. "This new tax regime proposed by the finance minister offers no incentives for savings. The insurance industry has for years, been demanding, for raising limits and introducing a separate tax incentive under 80 (C) to make insurance products attractive.
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