Finance - In simple words, Unit Linked Insurance Plan (ULIP) is a type of life insurance that offers dual benefits of insurance protection and wealth building. When you buy ULIP, like the standard insurance plan, you pay the premium periodically till the end of the policy tenure....
Read MoreFinance - As individuals, one of our most important financial responsibilities is to grow our wealth. In order to grow wealth, it is important to make smart financial decisions. ...
Read MoreFinance - When it comes to products that can assist investors in meeting their long-term and short-term financial objectives, two of the most popular options are ULIP and SIP....
Read MoreFinance - Read our blog to learn what are ULIPs how to maximise your ULIP returns and the Advantages of Investing in ULIPs....
Read MoreFinance - It’s that time of the year when you need to invest in different investment products to enable tax savings for FY 2021-22 OR else regret after March that you did not utilize the benefit of various deductions available for you Now a days, nobody wants to invest just for Tax savings, everybody wants such investment […]...
Read MoreFinance - 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...
Read MoreFinance - 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. ...
Read MoreFinance - 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...
Read MoreFinance - 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...
Read MoreFinance - 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....
Read MoreNA - (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...
Read MoreCIRCULAR 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...
Read MoreNA - (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...
Read MoreNA - (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...
Read MoreNA - (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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