Budget 2015: Brace yourself for higher premiums next year
Your insurance premiums are set to go up on the back of hike in service tax rates from 12.36% to 14%.
By Preeti Kulkarni, ET Bureau | Updated:
MUMBAI: Your insurance premiums are set to go up on the back of hike in service tax rates from 12.36% to 14%.
The quantum of increase will depend on the premium charged to you. For instance, if you are currently paying an annual premium of Rs 7,191, including service tax of Rs 791, your premium will inch up to Rs 7296 from the next financial year.
The quantum of increase will depend on the premium charged to you. For instance, if you are currently paying an annual premium of Rs 7,191, including service tax of Rs 791, your premium will inch up to Rs 7296 from the next financial year.
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