ulip

How your Life Insurance can provide Tax Benefits to you

Income Tax - Often, people opt into life insurance because of reasons that have to do with tax planning and saving. The importance of life insurance is not lost on anyone who has a family or dependents. Life insurance provides an essential financial shield for the family in the unfortunate event of the policyholder’s demise. So the decision [&hellip...

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ULIPs: The Key To Your Financial Security

Income Tax - Today, investment planning is as important as earning. And why is that? In a volatile world like this, you never know what’s coming next for you. There might be an unexpected expense or rise in inflation, and all of this can create a financial imbalance in your life. The way you can deal with all […]...

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How the new regulations will make the ULIP better

Income Tax - How the ULIP will become better with new regulations. The Insurance Regulator IRDA (Insurance Regulatory and Development Authority) has notified fresh rules for governing Linked Life insurance products on 8th July 2019. In this article I will discuss the major beneficial changes proposed in the new regulations for ULIP products, a  Linke...

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Should NRIs Invest In PPF, SSY, Mutual Funds SIP & Insurance?

Income Tax - Are you concerned about investment? It’s always good, as you may get your fingers burnt. Simply say, you may suffer financially due to any reason. You, being an NRI, may have more than enough earning. But, the uncertainty can anytime take a toll. To meet those unexpected financial losses, you should always premeditate. This is […...

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3 Investment Options Offering You Equity Returns at Lower Risk

Income Tax - Most investors in India want to invest into options that can get them sky-high returns in the shortest possible tenure and without risking the principal money invested. As a result, these investors are always on the lookout for risk-free investment plans that can multiply their money many-folds within a few months or years only. However, ...

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IRDA – Calling applications for Offline Agents Training Institutes

Income Tax - IRDA has twin objectives of development of the industry as well as protection of the policyholder. Both the objectives are interlinked and unless the policyholders' interests are protected the industry cannot achieve the required penetration. The policyholder protection acquires much more significance for IRDA as the rural population is e...

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LIC launches Samridhi Plus under Ulip portfolio

Income Tax - Life Insurance Corporation of India today launched 'Samridhi Plus' under its unit linked portfolio offering insurance protection, safety and growth. Samridhi Plus safeguards policyholders' investment from market fluctuations, LIC said in a statement here. ...

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DTC: LIC wants tax breaks on policies primarily used for investment rather than protection retained

Income Tax - The Life Insurance Corporation of India has made a strong case for continuing tax breaks on life insurance policies bought with an investment objective. Referring to the Direct Tax Code proposal that extends tax-breaks to only those policies that have a sum insured of at least 20 times the premium paid, LIC chairman TS Vijayan said the im...

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FM Addresses Global Insurance Summit at Mumbai

Income Tax - Union Finance Minister, Shri Pranab Mukherjee has asked the insurance companies to create awareness among the poor and vulnerable section of the society especially the people living in rural areas so that they can avail the benefits of financial services. He further said that they may be informed about the benefits of the life insurance a...

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DTC : Annual deduction raised to Rs. 1.5 lakh

Income Tax - Under the DTC Bill, the annual deduction has been raised to Rs. 1.5 lakh. From the bill It appears that investments in PPF, PF, NPS, pure life insurance policies, savings schemes as notified by the government are eligible for this deduction under EEE category....

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SEBI V IRDA – Unfolding Turf War

The feud between the two regulatory authorities, in the aftermath of sebi’s ban on ulips, has turned out to be quite a sensitive topic. In the recent days, that has, as ever so, come to be ballooned by the media into a sensational one. In that, the media has dutifully arisen to the occasion, and i...

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IRDA – Calling applications for Offline Agents Training Institutes

NA - (08/12/2011) - IRDA has twin objectives of development of the industry as well as protection of the policyholder. Both the objectives are interlinked and unless the policyholders' interests are protected the industry cannot achieve the required penetration. The policyholder protection acquires much more significan...

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Insurance- Group Products under Linked platform – Compliance with recent Circulars and Regulation on Unit Linked Products (ULIPs)

CIRCULAR NO. IRDA/ACTL/ULIP/124(2)/10/2010, - (27/10/2010) - CIRCULAR NO. IRDA/ACTL/ULIP/124(2)/10/2010, DATED 27-10-2010 This has reference to the following circulars & regulation issued by the Authority: 1. IRDA/ACT/CIR/ULIP/102/06/2010, dated June 28, 2010 2. IRDA/Actl/Cir/ULIP/124/08/2010, dated 4th August, 2010 3. IRDA (Treatment of discontinued Link...

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IRDA suspends sale of universal life policies and will not allow sale of single-premium products under ULIPs

NA - (24/10/2010) - The Insurance Regulatory and Development Authority (Irda) has suspended sale of universal life policies, which were being promoted as an alternative to unit-linked insurance plans, from October 23. Sales have been suspended until the final guideline...

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LIC launches Endowment Plus Policy- ULIP plan under the new IRDA regime

NA - (23/09/2010) - Life Insurance Corporation of India has introduced its ULIP plan under the new IRDA regime, following the launch of its Pension Plus which is the first Unit-linked Pension Plan under the new regime.Endowment Plus is LIC’s 14th plan approved and the C...

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New ULIP norms applicable from 1st September 2010 are beneficial for policyholders

NA - (31/08/2010) - The new rules of the Insurance Regulatory and Development Authority (Irda) take effect from September 1. Ulips, which contributed 80 per cent of the total premium collected by private companies, will see a dramatic change. Irda has capped the difference between net and gross yields during the policy...

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Recent Posts in "ulip"

How your Life Insurance can provide Tax Benefits to you

Often, people opt into life insurance because of reasons that have to do with tax planning and saving. The importance of life insurance is not lost on anyone who has a family or dependents. Life insurance provides an essential financial shield for the family in the unfortunate event of the policyholder’s demise. So the decision [&hellip...

Read More
Posted Under: Finance |

ULIPs: The Key To Your Financial Security

Today, investment planning is as important as earning. And why is that? In a volatile world like this, you never know what’s coming next for you. There might be an unexpected expense or rise in inflation, and all of this can create a financial imbalance in your life. The way you can deal with all […]...

Read More
Posted Under: Finance |

How the new regulations will make the ULIP better

How the ULIP will become better with new regulations. The Insurance Regulator IRDA (Insurance Regulatory and Development Authority) has notified fresh rules for governing Linked Life insurance products on 8th July 2019. In this article I will discuss the major beneficial changes proposed in the new regulations for ULIP products, a  Linke...

Read More
Posted Under: Finance | ,

Should NRIs Invest In PPF, SSY, Mutual Funds SIP & Insurance?

Are you concerned about investment? It’s always good, as you may get your fingers burnt. Simply say, you may suffer financially due to any reason. You, being an NRI, may have more than enough earning. But, the uncertainty can anytime take a toll. To meet those unexpected financial losses, you should always premeditate. This is […...

Read More
Posted Under: Finance |

3 Investment Options Offering You Equity Returns at Lower Risk

Most investors in India want to invest into options that can get them sky-high returns in the shortest possible tenure and without risking the principal money invested. As a result, these investors are always on the lookout for risk-free investment plans that can multiply their money many-folds within a few months or years only. However, ...

Read More
Posted Under: Finance |

Either INVEST or Pay TAX!

There are many options in the market where a person can invest and save his/her tax. But before investing anywhere, all the factors must be kept in mind like return on investment, risk involved, lock-in period, minimum and maximum amount that can be invested and many more....

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Posted Under: Finance |

5 Best ULIP Plans to Invest in 2018

In today’s day and age, there is a wide range of investment plans available in the market in order to cater the different financial needs of the individuals. If we talk about a lucrative option of investments, then ULIP plans have emerged as a great option of investment in the past few years.  With the […]...

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Posted Under: Finance |

Tax Benefit-Equity Linked Saving Scheme (ELSS), why to invest?

The advantage with ELSS compared to the Ulips is the frequency (mostly a single or a monthly investment for a year) and term for investment, for getting good returns....

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Posted Under: Finance |

Sec. 80C Life insurance policies and TDS

S V Raghunath Insurance policies are major source tax saving Instruments for Individual and Hindu undivided Families, in last few years there are lot of changes in Tax provisions related to Insurance policies, which have taken place including TDS under Section 194DA on Payments received under Life Insurance Policies. An attempt has been m...

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Posted Under: Finance | ,

Taxation of maturity proceeds of LIC Wealthplus policy

Lakhs of people have received their maturity proceeds under LIC Wealthplus Insurance policies during the year ended 31-3-2018 and they have to submit their income tax return on due dates in this year on different dates according to their status....

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Posted Under: Finance |

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