Happy Teachers Day to all the mentors and educators who’ve guided us—both in life and in insurance! Just like a great teacher, the right insurance coverage has your back when it matters most.
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🪡Insurance Budgetary News
(1/5) The Union Budget 2024 has made announcements regarding the insurance sector, aiming to make health and life insurance plans more affordable and increase tax benefits. Here's a breakdown of the key proposals:
(4/5) *Tax benefits for term insurance:* The budget proposes an increase in the deduction limit under section 80C of the Income Tax Act to benefit term insurance policyholders. This would allow for a greater tax deduction on premiums paid.