Finance Minister Arun Jaitley

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Budget 2016 Falls Short Of Expectations For The Insurance Industry

I had high expectations of the Union Budget 2016/17 and hoped it would solve some of the core issues in the insurance sector. However, this crucial sector was relatively neglected, with minuscule reforms compared to last year's Budget, which saw an enhancement of the tax deduction limit in health insurance, benefits for pensioners and the introduction of personal accident insurance schemes.