Pvt Players begging for sops
by Dr.Gokul Kishore on 06-02-2008 - Financial Express
It is not ironical that demand for separate exemption limit for long-term savings like insurance comes not from salaried class but from the private insurance companies. Unable to penetrate or compete PSU behemoths and not able to push FDI ceiling, private insurance players have taken the 'cause of salaried class' now. Service delivery in terms of prompt settlement will be acid test in years to come and given the U.S. experiences, better service will be at an exorbitant premium which the middle-class Indian will hardly be able to cough up. Let there not be a separate exemption for long-term savings but an overall increase without any discrimination as to product as consumer is the king in a market and he can decide which one is better.