Budget 2024: Payout should be tax free up to Rs 10 lakh premium on life insurance products, says Sumit Rai of Edelweiss Tokio

Innovation in traditional plans could see hyper personalisation in the near future, leading to open-ended products with the ability to mix and match, Sumit Rai, MD & CEO, Edelweiss Tokio Life Insurance tells Riju Mehta.What are your Budget expectations?A lot of expectations continue to be what they were. The annuity double taxation is a big one because India is one of the largest grey countries and a part of the reason annuities are not doing as well is the taxation structure. You are taxing…
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Source: https://m.economictimes.com/wealth/insure/life-insurance/budget-2024-increase-premium-limit-to-rs-10-lakh-to-make-payouts-from-life-insurance-taxable-sumit-rai-of-edelweiss-tokio-life-insurance/amp_articleshow/106590059.cms