Budget 2020 Expectations: Tax-free annuity, removal of GST, parity with NPS expected by life insurers

Budget 2020 Expectations for Life Insurance: With the top most priority of this budget on reviving growth of the slowing Indian economy, the need of the hour is to stimulate investment in capacity creation and infrastructure development, which necessitates mobilisation of long-term household savings. Such investments would create jobs and would make available higher disposable income in the hands…