Have the level of reinsurance retentions of domestic general insurance companies gone up or down in recent times?
As the net worth of the direct general insurance companies goes up so does their retention capacity. Health-Insurance MEDICAL INSURANCE QUALIFIES FOR TAX BREAK Kavita Sriram, January 11, 2009 The Economic Times Tax savings under Section 80C with a Rs 1 lakh limit is known to all tax payers. But few are aware that they can use Section 80D also to save on taxes. Ravinder has opted for a medical insurance cover for his entire family. He pays close to Rs 9,000 for himself and Rs 8,000 for his spouse towards premium for the medical insurance policy annually. In addition, he shells out an amount of Rs 7,000 for his father and Rs 6,000 for his uncle as annual premium for their health cover. Is he eligible for any deductions? An individual can take medical insurance cover for his health as well as his family’s, and the premium paid is available as a deduction under Section 80D of the Income Tax Act. The deduction applicable is medical insurance premium paid or Rs 15,000, whichever is less. For
