Cancellation of group mediclaim policies up by 30% (rediff.com) Insurers, mostly private ones, are opting to cancel mediclaim, marine and cargo cover at a later stage due to adverse claims ratio. In order to grab market share, they have not been pricing the product correctly. Sources said that ICICI Lombard has asked L & T to pay additional premium for the group mediclaim policy in the middle of the year. When contacted, L & T said that ICICI Lombard ...
Budget: Will you be able to save more taxes now? This deduction is considered under section 80CCF which is over and above the Rs. 1 Lakh limit of section 80C Karthik asked, Is there any change in the tax exemption for mediclaim policy? wren asked, what is the new tax slab rate and how beneficial is ...See all stories on this topic »Rediff
What India Inc wants FM to do The limit for rebate for mediclaim premium under section 80D should be increased from Rs 15000 to Rs 25000 for individuals to provide boost to the health insurance. This will also allow people to opt for higher coverage to cover higher medical cost. d. ...See all stories on this topic »Rediff
Waive service tax on insurance premium Among the major recommendation, the non-life insurance sector has demanded the waiver of service tax on insurance premium and also substantial increase in tax deduction limit under section 80D for mediclaim policies. Alternatively, they should at least ...See all stories on this topic »Rediff
