Budget 2022 insurance sector expectations: Tax rebate, special incentives for women and exemption on stamp duty on term life plans
Axis Securities believes that the government might provide further tax incentives to enable people to buy adequate health insurance which has gained importance amidst the pandemic. A separate bucket for investment in life insurance for tax rebates under section 80 (C) is expected, it observes
Government must work on plan to deepen insurance penetration, special incentives for women and introduction of separate tax benefits for term insurance outside of Section80C, insurance sector opines