Life insurers, pension fund players rejoice

Life insurers and pension fund players have hailed the proposed norms relating to customers benefit in Draft Taxes Code (DTC) on Tuesday. K Sahay, CEO, Star Union Dai-ichi Life Insurance said, It is a positive development that the government has taken care of the life insurance industry and listened to our demands. It will really help us grow our business as endowment, pure term insurance and whole life insurance products, including Ulips which will continue to fall under exempt-exempt-exempt (EEE). It is a relief to know that the life insurance products are social security instruments and hence must not be ...

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