Shobana Kamineni, Whole-time Director, Apollo Munich Health Insurance
This budget is good for the domestic economy. The government seems to be doing its bit towards economic recovery. The decision to broaden the tax exemption limits and provide increased tax exemption levels under section 80C is welcome and would provide a fresh impetus with enhanced disposable income. Furthermore, the move to reduce the CVD on medical equipment by 5% is a very positive step to bring down the healthcare costs. As for the insurance sector, health insurance has been acknowledged as one of the most efficient means to meet and manage the spends on healthcare. We were looking forward to an increase in the tax exemption limit on health insurance to address the rising costs of medical treatment in India.
