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Thursday, Jul 02, 2009
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 Money & Banking - Budget
Speed up reform process in insurance sector


The Government must speed up the long-awaited reform process in the insurance sector by passing the Comprehensive Bill on Insurance. Besides increasing FDI limits, the Bill also envisages a host of changes in the Insurance Act in the interest of consumers.

Lowering of service tax and increasing of tax exemptions limit for life insurance premiums can really boost the household savings sector and bring more people under the insurance umbrella.

Kamesh Goyal, Country Manager & CEO, Bajaj Allianz Life Insurance

More Stories on : Budget | Insurance

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Stories in this Section
ICICI Pru Life’s pension plan

Speed up reform process in insurance sector
Rupee flat in range-bound market
Central Bank launches SMS alert service
Infrastructure loans: ECB policy for NBFCs simplified
Extend tax sops to long-term savings
Unit-linked plan from SBI Life
Monetary policy at the crossroads
SBI Day celebrated
SBT celebrates Doctors Day
Indian Bank cuts BPLR by 50 bps
Bonds close higher
Banks’ lending on the rise
Call rate unchanged
Centre invites unions, SBI, associates for talks
Co-op banks want tax waiver restored on retained earnings


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