R Doraiswamy, Managing Director of the Life Insurance Corporation of India (LIC), is expecting tax incentives for the insurance sector and subsidies for people below the poverty line to encourage insurance adoption and boost penetration in India.
"There needs to be some kind of nudge that people to go towards insurance. Some tax incentives, some push from the government like kind of a subsidy for people below the poverty line to take insurance," Doraiswamy said on the sidelines of the Insurance & Reinsurance Conference 2025.
He added that the insurer would welcome any announcement that encourages people to engage in long-term savings through insurance.
Courtesy : M ARUNACHALAM
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