Income Limit For Marketplace Insurance 2024 India. They strongly recommend changes in section 80c of the income tax act, which will allow a higher cap for insurance premium payments, incentivising more people to invest in insurance products. From gst reduction to expansion of section 80 c, here’s what the insurance sector is expecting.
You’ll be asked about your current monthly income and then. The life insurance industry in india is projected to grow from inr5.7 trillion (us$81.4bn) in 2019 to inr8.0 trillion (us$98.5bn) in 2024, in terms of gross written premium.
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