This year’s Budget proposals on the various _exemptions & dedictions_ getting phased out sooner than later, I’ve only seen the below headlines in every article / clipping / video, that I’ve come across
*It’s NEGATIVE for Health Insurance sector*
*It’s NEGATIVE for Life Insurance sector*
It’s NEGATIVE
It’s NEGATIVE
??♂
_*The primary purpose of adding / buying a LIFE or a HEALTH Insurance plan to one’s Money Life is not to claim a tax exemption or a tax deduction*_
It’s supposed to be for *Risk Mitigation* in our lives.
All these decades, the selling point for the majority of agents / brokers / distributors in the Insurance Industry was on claiming a *tax benefit*; & the *Money Illiterate population* has been lapping up their talk for decades ??♂??♂??♂
*INSURANCE* is for covering our _financial, health or life risks_
*INSURANCE* is _NOT_ for claiming tax benefits
_Whether Tax Exemptions / Deductions are available or not – One has to be Insured for Health, Life & Any other Needed Insurance_
_*INSURANCE IS A LIFE NEED, NOT A TAX NEED*_