Vipin Upadhyay Highlights Insurance Tax Reform Priorities in Budget 2026 in Moneycontrol 

In a recent article titled “Budget 2026 could reshape insurance taxation as industry seeks wider deductions, parity” published by Moneycontrol, Vipin Upadhyay, Partner at King Stubb & Kasiva, shared his perspective on the evolving tax landscape for insurance products under Union Budget 2026. 

Commenting on the need for structural reforms in insurance taxation, Vipin stated: 

“Rationalising income-tax deductions for life insurance premiums under both old and new tax regimes, expanding the threshold for taxing high-value policy payouts, and ensuring tax parity for annuity and pension products could bolster long-term retirement planning.” 

Vipin emphasised that calibrated tax reforms in the insurance sector could significantly strengthen retirement preparedness and incentivise disciplined long-term savings. Aligning deductions across tax regimes and ensuring parity between life insurance, annuity, and pension products would not only simplify compliance but also create a more equitable and predictable tax environment for policyholders. 

The observations reflect a broader industry expectation that Budget 2026 will adopt a forward-looking approach to insurance taxation one that balances revenue considerations with the need to deepen financial security and retirement planning across India. 

For detailed insights visit: https://www.moneycontrol.com/news/business/personal-finance/budget-2026-could-reshape-insurance-taxation-as-industry-seeks-wider-deductions-parity-13801555.html