India Budget 2018
The National Health Scheme of the government is a great initiative and will act as a catalyst in elevating the insurance sector and in turn the health care services for the uninsured and underinsured population. Also overall Health insurance deductions increasing to 50k and increase in exemption limit from Rs 10K to Rs 50K for Senior Citizens is a big positive move to promote health care and safety amongst the most deserving”
Provisions announced in the Budget for the MSME sector in terms of lower corporate tax rate at 25% would support their growth and create job opportunities. In overview, the budget is positive with overall theme of supporting farm sector & MSME business, which would generate growth in overall economy. Aviva’s two critical business objectives are delivering best healthcare products (like Aviva Heart Care) and providing best insurance care to the MSME sector where we partnered with CII. Thus we feel very confident on the budget announcements and would like to partner with various parties in delivering the best in class insurance plans.
Karni S Arha is the Chief Financial Officer of Aviva India