With Budget 2024 round the corner, seniors are hoping for some concession from Union Minister of Finance Nirmala Sitharaman, ranging from increasing the exemption limit for mediclaim, increased tax slabs, and even making the NPS annuity tax-free

All senior citizens aged 60 and above but below 75 must file their income tax returns.

Insurers may look for other solutions, such as medicines or equipment for the mobility impaired beyond which policy seniors need once the draft insurance amendment bill is passed.