Wednesday, February 10, 2010

Mr. Deepak Sood, CEO &MD, Future Generali India Life Insurance Co Ltd.

At a macro level, we need: Further clarity and rationalization on Direct tax code & GST Bringing down inflation to ensure that customers have more investable income.

At a micro industry level, we expect: Insurance Act and laws amendment primarily the FDI limit to be increased from 26% to 49% Under 80C the limit of 1 lakh should be raised to 3 lakhs to mobilise funds for long term infrastructure development. There should be a separate limit for pension plans not inclusive of 80C- 1 lakh limit. This is primarily in view of regulation of separate pension plans. Being an insurer we believe clarity in taxation of life insurance companies will help the insurers in better planning and appropriate pricing of products Considering the inflation on health services, the current limit under 80D on health insurance should be raised from 15,000 to 25,0000.

Mr. Deepak Sood,
CEO &MD,
Future Generali India Life Insurance Co Ltd.

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