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Taxation of ULIP and LIC- Part II

Income Tax : Explore the taxation of ULIP and LIC maturities under the Income Tax Act in India. Learn about capital gains, computation, and tax...

April 9, 2024 1152 Views 1 comment Print

Taxation of ULIP and LIC – Part I

Income Tax : Through a comprehensive exploration of ULIP & LIC taxation under the Income Tax Act, readers will gain valuable insights into opti...

April 7, 2024 19497 Views 6 comments Print

Reasons Why Single People Need to Consider ULIP

Finance : Discover the benefits of ULIP as an investment plan for singles. Learn how it combines insurance and investing to help you achieve...

February 28, 2024 792 Views 0 comment Print

5 Tax saving investments with wealth creation for salaried person

Income Tax : Explore the best tax-saving investment options in India, including PPF, NPS, ULIPs, ELSS, and Tax Saving Fixed Deposits. Learn how...

January 15, 2024 4437 Views 0 comment Print

All About Taxation of Life Insurance Policies, ULIP & Keyman Policy

Income Tax : Navigate the complex tax implications of life insurance policies, ULIPs, and Keyman policies. Uncover the latest changes introduce...

April 5, 2023 5754 Views 1 comment Print


Latest News


IRDA – Calling applications for Offline Agents Training Institutes

Corporate Law : IRDA has twin objectives of development of the industry as well as protection of the policyholder. Both the objectives are interli...

December 8, 2011 1313 Views 0 comment Print

LIC launches Samridhi Plus under Ulip portfolio

Finance : Life Insurance Corporation of India today launched 'Samridhi Plus' under its unit linked portfolio offering insurance protection, ...

February 27, 2011 1000 Views 0 comment Print

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...

September 3, 2010 1041 Views 0 comment Print

FM Addresses Global Insurance Summit at Mumbai

Finance : Union Finance Minister, Shri Pranab Mukherjee has asked the insurance companies to create awareness among the poor and vulnerable ...

September 2, 2010 459 Views 0 comment Print

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, N...

August 31, 2010 2035 Views 0 comment Print


Latest Judiciary


Unit Linked Insurance Plan (ULIP) redemption taxable as capital gain

Income Tax : Explore a detailed analysis of ITAT Delhi ruling on Subhash Tandon Vs ITO, which sheds light on taxability of ULIP redemption as c...

September 12, 2023 8430 Views 0 comment Print


Latest Notifications


IRDA – Calling applications for Offline Agents Training Institutes

Corporate Law : IRDA has twin objectives of development of the industry as well as protection of the policyholder. Both the objectives are interli...

December 8, 2011 1313 Views 0 comment Print

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

Corporate Law : CIRCULAR NO. IRDA/ACTL/ULIP/124(2)/10/2010, DATED 27-10-2010 This has reference to the following circulars & regulation issued...

November 13, 2010 579 Views 0 comment Print

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

Corporate Law : The Insurance Regulatory and Development Authority (Irda) has suspended sale of universal life policies, which were being promoted...

October 24, 2010 343 Views 0 comment Print

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

Corporate Law : Life Insurance Corporation of India has introduced its ULIP plan under the new IRDA regime, following the launch of its Pension Pl...

September 23, 2010 327 Views 0 comment Print

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

Corporate Law : The new rules of the Insurance Regulatory and Development Authority (Irda) take effect from September 1. Ulips, which contributed ...

August 31, 2010 1902 Views 0 comment Print


What is Shield Plus Plan?

February 23, 2010 282 Views 0 comment Print

Shield Plus is a fixed term, 10-year, single premium, unit-linked insurance plan (Ulip) that gives a choice of six fund options. Quite like, most other products in the same genre. The main difference here is that this plan also has a fund called Shield Plus-I, which offers a guaranteed minimum unit price on maturity. The sum assured can be 1.1 or five times the single premium paid.

Switch Your ULIP Equity Funds Now

January 9, 2010 910 Views 0 comment Print

ULIP’s are basically long term investment. But despite being Long Term in nature they are Return Maximizing tool. The return is maximized through the well known option provided itself in the ULIP product SWITCHES. Each Ulip comes with a Switch Option giving opportunity to the policy holder to manage his funds and maximize the Returns over the Long term.

Direct Tax code may bring ULIP & Life Insurance Plan under tax net

August 24, 2009 2524 Views 0 comment Print

Any sum received under a life insurance policy including any bonus thereon will be exempt, only if the premium does not exceed 5% of the capital sum assured and such sum is received only upon completion of the original period of contract or upon the death of the insured.

IRDA put cap on charges to be levied on ULIP

July 28, 2009 654 Views 0 comment Print

Circular No: 20/IRDA/Actl/ULIP/09-10 Sub: Unit linked products – Cap on charges The Insurance Industry has introduced ULIPs which have found favour with insurance customers in India. These products prescribe certain charges which are deducted either from contributions or from the fund. In 2005, the IRDA had in its Circular No.032/IRDA/Actuary/DEC-2005 dated 21/12/2005 defined various charges […]