One more Budget has come and gone without any progress on reining in India’s predatory insurance industry
In this year’s Union Budget, finance minister Nirmala Sitharaman cancelled tax saving benefits on maturity from traditional insurance policies for which the aggregate annual premium paid is more than Rs 5 lakh.
Those of us who understand how much damage the insurance industry does to its customers’ finances have long hoped for some real controls to be placed on it.
Those of us who understand how much damage the insurance industry does to its customers’ finances have long hoped for some real controls to be placed on it.