Budget 2025 Expectations: What is in Store for the Insurance Sector?

Finance Minister Nirmala Sitharaman is all set to table the Union Budget 2025 in the Lok Sabha on February 1 at 11:00 am. Amid this buzz, citizens and industry leaders across segments are eyeing a slew of measures to be announced that would set the country on a path of sustainable growth. The insurance sector is optimistic before the budget session on reforms that could shape the industry in a futuristic way.

The insurance sector is calling for key reforms aimed at improving health insurance penetration and tackling affordability issues. Industry leaders are pushing for reductions in GST on health insurance premiums, increased tax exemptions, and the establishment of a dedicated health regulator to combat rising medical costs.

Source: Moneycontrol