ulip

Sec. 80C Life insurance policies and TDS

Income Tax - 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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Taxation of maturity proceeds of LIC Wealthplus policy

Income Tax - 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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Top 5 Smart Tax Saving Options

Income Tax - As the end of financial year draws near, many of my friends who were least bothered about tax saving investments throughout the year, have started hunting down options to park their surplus funds and consequently save up on taxes....

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Section 80C – Investment in Equity Linked Savings Scheme (ELSS)

Income Tax - Shaifaly Girdharwal It is the time of year when most of people invest in various products to claim the deduction under Income Tax Act. Surprising that most of them choose either bank FD’s or PPF as their first priority for Tax saving although from so many years Equity Linked Savings Scheme (ELSS) has emerged as […]...

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New-age ULIP for New-age Millennials

Income Tax - Bajaj Allianz Life Insurance Company Ltd., one of the premier insurance providers in the country brings to you a new age, goal-oriented Unit Linked Insurance plan - Bajaj Allianz Life Goal Assure - for the new-age millennials offering investment benefits like Return on Mortality Charges (ROMC) and Return Enhancer....

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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: IRDA/ACT/CIR/ULIP/102/06/2010, dated June 28, 2010 IRDA/Actl/Cir/ULIP/124/08/2010, dated 4th August, 2010 IRDA (Treatment of discontinued Linked Insura...

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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"

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...

Read More
Posted Under: Income Tax | ,

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....

Read More
Posted Under: Income Tax |

Top 5 Smart Tax Saving Options

As the end of financial year draws near, many of my friends who were least bothered about tax saving investments throughout the year, have started hunting down options to park their surplus funds and consequently save up on taxes....

Read More
Posted Under: Income Tax | ,

Section 80C – Investment in Equity Linked Savings Scheme (ELSS)

Shaifaly Girdharwal It is the time of year when most of people invest in various products to claim the deduction under Income Tax Act. Surprising that most of them choose either bank FD’s or PPF as their first priority for Tax saving although from so many years Equity Linked Savings Scheme (ELSS) has emerged as […]...

Read More
Posted Under: Income Tax |

New-age ULIP for New-age Millennials

Bajaj Allianz Life Insurance Company Ltd., one of the premier insurance providers in the country brings to you a new age, goal-oriented Unit Linked Insurance plan - Bajaj Allianz Life Goal Assure - for the new-age millennials offering investment benefits like Return on Mortality Charges (ROMC) and Return Enhancer....

Read More
Posted Under: Income Tax |

Should you continue to have faith in your ULIP Policy or you are thinking of surrendering it?

All of us who have invested in ULIPs over the years have this question before us? In most situations ULIP have given below expected returns and you may tempted to think of cutting your loss...

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Posted Under: Income Tax |

Unit-Linked Insurance Plans (ULIPs) to achieve your Life Goals

ULIPs are dual combination insurance plans that not only give you the life cover but it helps you to save for your future goals.  Most of the wealth plans will ask you to pay premiums for a certain period, once your policy gets over i.e. the end of the policy, they will pay a lump […]...

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Posted Under: Income Tax |

5 Last-Minute Income Tax Saving Instruments

By now, you might have already submitted investment proofs to your company’s finance department to claim a tax deduction. However, if you have been running behind date, here are some useful tips to save your hard-earned money and taxes before the D-day. ...

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No Shortcuts to Financial Security: Time to experience power of 5

As Indians we always love Jugaad. We are experts at finding hacks and cracks and working on shortcuts for any problem that we need to solve. More often than not, these shortcuts are innovative and ingenious solutions which are widely appreciated. Even so these same Jugaads fail to provide solutions in the long run and […]...

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Posted Under: Income Tax |

All About Unit-linked insurance plan (ULIP)

A Unit Linked Insurance Plan (ULIP) is a product offered by insurance companies that unlike a pure insurance policy gives investors the benefits of both insurance and investment under a single integrated plan. Unit Linked Plans refer to Unit Linked Insurance Plans offered by insurance companies. These plans allow investors to direct part ...

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Posted Under: Income Tax | ,
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