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What is your Wish List from Budget 2005-06 for the insurance sector?
I hope the FDI limit in insurance is raised to 49%
There's some rationalisation on the service tax which is quite high.
Some health insurance products do not enjoy tax benefits. I hope the FM brings tax deductibility for all health insurance products.
Overall, what are your hopes from the Budget for the economy?
Overall, I look forward to continued liberalisation of the economy at a faster pace, a wider and deeper stock market. I hope that the Insurance Act is amended and the minimum capitalisation required is brought down for health insurance companies to set up shop.
And I hope the FM does the best that is possible taking into account the political compulsions.
Courtesy: www.Insuremagic.com
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