Page 3 - Life Insurance Today March 2016

Vol. XI No. 12 March 2016

Editor-in-Chief ISSN - 0973-4813 Editorial

Ram Gopal Agarwala Insurance Sector was very hopeful that the limit of
B.Com., L.L.B., F.C.A. 80C shall be increased in this budget. The sector
is waiting for getting a lifeline through
Editor enhancement of limit as in India tax savings plays
a major role in selling of life insurance. But the
Dr Rakesh Agarwal Finance Minister did not oblige. However some
M.Com. (BIM), F.C.A., DISA, L.L.B., concessions were made for health insurance where
F.I.I.I., P.G.J.M.C., M.B.A., Ph.D the limit was increased.

Associate Editor In this year's budget the focus was on
consolidation rather than giving doles to
Shyam Agarwal taxpayers. Increase of Service Tax is worry some
M.Com.(BIM), A.C.A., DISA, F.I.I.I., P.G.J.M.C. and it shall also affect insurance industry.

Resident Editor Central Govt. must withdraw the Service Tax from
the Life Insurance Premium as well as from health
Dr. Abhijeet K. Chattoraj, Navi Mumbai / Pune Insurance premium at least which is the basic
Dr. B. K. Jha, Sultanpur need of the Society and the Individuals too.
K. L. Madhok, New Delhi
Shaik Gulam Afzal Biya Bani, Saudi Arabia Life Insurance Corporation of India has become
the Jersy Cow for the Govt. of India with its huge
B. K. Tuli, New Delhi Assets as well as liquidity. LICI is out and out
supporting the Banking Sector, Infrastructure
R. Venugopal, Bangalore Sector, Railways, even the Stock Market to
safeguard the Indian economy.
Registered Office
Recently the loss to Banking Sector due to NPA
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Phone : 033-2269 6035/ 3294 3723/ 4007 8428 at the most at 10% of the total NPA of the
Fax : 91-33-2273 6612 Banking Sector. Govt. of India, Reserve Bank of
E-mail : info@sashipublications.com India as well as IRDAI must work hand in hand
Website : www.sashipublications.com into the matter.
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Life Insurance Today March 2016 3