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Max Life Insurance MD Prashant Tripathy Addresses Tax Benefit Withdrawal and Industry Outlook

Max Life Insurance MD Prashant Tripathy Addresses Tax Benefit Withdrawal and Industry Outlook As the life insurance landscape navigates changes in tax policies and market dynamics, Prashant Tripathy, the Managing Director of Max Life Insurance, provides insights into the potential impacts on the industry.  In an exclusive interview, Tripathy addresses the recent withdrawal of tax benefits for endowment policies, anticipated shifts in premium collections, and the broader industry outlook. Stability in Premium Collections Despite Tax Changes Tripathy, a seasoned industry professional, suggests that the withdrawal of tax benefits for endowment policies is unlikely to have a major impact on premium collections.  The need for insurance, he emphasizes, transcends tax considerations. Insurance serves as a crucial financial tool that offers security and peace of mind beyond the allure of tax incentives.  Tripathy asserts that while there might be a marginal reduction in premium collections ove
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Demystifying Life Insurance Coverage: A Practical Guide

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