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Below the Expectations on Pre-Budget by Amit Agarwal, CEO, Howden India

"As the Union Budget 2025 approaches, we call upon the government to take bold and visionary steps to fortify India’s insurance landscape. Our armed forces stand as the ultimate protectors of our nation, braving unimaginable risks every day. It is only fitting that a centrally funded life and health insurance scheme be made mandatory for them at all levels - this is not just financial security, but a tribute to their unwavering service.

Equally crucial is the need to nurture a strong talent pipeline for the insurance industry. Establishing government-backed educational institutes and skill development centers will empower young professionals, ensuring insurance reaches the grassroots and secures every Indian’s future.

Additionally, granting a GST waiver on retail life insurance and offering greater tax incentives for corporates providing group life and health policies will be transformative. These measures will accelerate the ‘Insurance for All by 2047’ vision, paving the way for a more resilient and financially inclusive India. We look forward to a budget that prioritizes these reforms and propels the industry to unprecedented heights."

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