GENERAL17 Sept 2026
Long-term insurance policies need tax incentives: ICICI Pru's Anup Bagchi
ICICI Prudential Life CEO Anup Bagchi says long-term insurance policies of 10 years or more need tax incentives. He believes this would help insurers build stable liability pools, which can fund infrastructure investment. It affects policyholders and insurers alike. Nothing has changed in the tax rules yet, so treat this as an industry suggestion, not a benefit you can claim today.
Key Statutory Highlights
- ICICI Prudential Life CEO Anup Bagchi has called for tax incentives on insurance policies held for 10 years or more.
- He says such incentives would help insurers build stable liability pools.
- Those pools could then be used for infrastructure investment.
Actionable Advice for Taxpayers / Founders:Keep paying your long-term policy premiums as normal. Treat this only as an industry suggestion for now, and speak to your tax advisor before planning any decision around a tax benefit that is not yet in the rules.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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