Budget 2011- Impact on Insurance/Health InsuranceLast day of February and people listen to the speech of Finance Minister of India, watch the analysis on TV and read comments in newspaper.What does it mean to us with respect to Insurance/ Health Insurance 1. All unit linked insurance plans will attract Service Tax so depending upon company/ charges you will definitely pay more. For example, if you paid an annual premium of Rs. 10,000, the service tax (of 10 per cent) charged was Rs. 100. Now, the tax to be paid will be Rs. 150. These charges will...
Thursday, 3 March 2011
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