Various studies state that medical inflation has been rising on an average of 10-12% each year. Unfortunately, health insurance in India is bought for tax exemption and not as per need of the individual or the family. An increase in the 80 D limit will assist customers in opting for health insurance keeping future health emergencies in sight. 

 “Our growth continues to be along the expected lines. Our profit stood at Rs. 359 crs YTD ‘Dec 17 v/s Rs. 25 cr YTD Dec ’16. This comprises a one-time reinsurance arrangement of Rs. 170 cr. Even if we were to exclude that, we have still secured a sustainable profit of Rs. 132 cr. Furthermore, we saw an underwriting profit of Rs 69 crores in Q3 FY17-18,Cost optimization and initiatives towards cost control has led to a reduction in operating expenses for SBIG,’’ said Pushan Mahapatra, MD & CEO, SBI General Insurance.

despite the robust economic growth, savings and investment as a ratio of GDP generally declined. The major reduction in investment rate occurred in 2013-14, although it declined in 2015-16 too. Within this the share of household sector declined, while that of private corporate sector increased