https://www.taxtmi.com/news?id=3902 The Finance Minister called for measures to raise non-life insurance penetration and addressed sectoral constraints. CEOs reported motor insurance problems from regulated tariffs, unlimited liability exposure, non-jurisdiction claim restrictions and underinsurance, proposing de-tariffing of motor third-party premiums and liability caps. For group health insurance, a pricing mechanism reflecting incurred claims ratios, management expenses, medical inflation and underwriting costs was urged. Tax concerns included parity under Minimum Alternate Tax and clarification on zero-rated or exempt treatments. Additional suggestions targeted increased home insurance uptake and resolution of agent and regulator-related matters. en-us Mon, 22 Oct 2012 18:04:42 +0530 Mon, 22 Oct 2012 18:04:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=3902 The Finance Minister called for measures to raise non-life insurance penetration and addressed sectoral constraints. CEOs reported motor insurance problems from regulated tariffs, unlimited liability exposure, non-jurisdiction claim restrictions and underinsurance, proposing de-tariffing of motor third-party premiums and liability caps. For group health insurance, a pricing mechanism reflecting incurred claims ratios, management expenses, medical inflation and underwriting costs was urged. Tax concerns included parity under Minimum Alternate Tax and clarification on zero-rated or exempt treatments. Additional suggestions targeted increased home insurance uptake and resolution of agent and regulator-related matters. News - Mon, 22 Oct 2012 18:04:42 +0530 https://www.taxtmi.com/news?id=3902