Monday, August 6, 2012

More tax sops for insurance buyers?

The government is looking at more tax sops for insurance policies and MFs to wean away investors from gold. While insurance policies will provide the government with long-term resources as bulk of the funds are invested in government securities, MFs will generate resources for stock markets as well as in debt instruments. The Life Insurance Council has sought Rs 1 lakh exemption for life and medical covers, Aviva Life chief executive officer T R Ramachandran said

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