30
Jan
Ahead of the Union Budget 2026, leaders from the life insurance sector have outlined a set of fiscal and regulatory measures aimed at improving retirement readiness, expanding insurance penetration and sustaining long-term economic growth. VenkyIyer, Co-Chairperson of the Insurance Awareness Committee (IAC-Life), said taxation has a disproportionately harsh impact on pension earners. He proposed aligning pension taxation with other fixed-interest instruments by taxing only the interest or gains, a move he said would enhance post-retirement income while mobilising long-term savings through life insurance solutions. Iyer also called for a standard deduction for pensioners who do not commute their corpus to ensure…
