Vipin Upadhyay Calls for Rationalisation of Insurance Taxation in Union Budget 2026
Vipin Upadhyay shared his views on key taxation challenges facing India’s insurance sector in a recent article published by Moneycontrol.com, ahead of the Union Budget 2026.
Commenting on the industry’s expectations, Vipin emphasised the need to rationalise income-tax deductions for life insurance premiums across both the old and new tax regimes. He observed that such alignment would encourage wider adoption of insurance products and support long-term financial security.
Vipin also highlighted the importance of expanding the threshold for taxation of high-value insurance payouts and ensuring tax parity for annuity and pension products. According to him, these measures could significantly strengthen retirement planning outcomes and enhance the attractiveness of long-term savings instruments.
His remarks reflect broader industry calls for targeted tax reforms aimed at simplifying the tax framework, correcting existing anomalies, and promoting sustainable growth in India’s insurance and pension ecosystem.
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