Income Tax : Even where premium limits are exceeded, death benefits continue to be fully exempt. This ensures protection for beneficiaries. The...
Income Tax : A clear breakdown of when TDS applies to life insurance payments, threshold limits, rates, exemptions, and how income is computed ...
Finance : Discover why ULIPs offer better returns, flexibility, and dual benefits compared to tradition-al savings plans, making them ideal ...
Income Tax : Learn about the proposed tax changes for ULIPs under Finance Bill 2025, including capital gains taxation, exemption limits, and ap...
Income Tax : Finance Bill 2025 clarifies tax implications on ULIP redemption, ensuring consistent tax treatment for both ULIP and other life in...
Corporate Law : IRDA has twin objectives of development of the industry as well as protection of the policyholder. Both the objectives are interli...
Finance : Life Insurance Corporation of India today launched 'Samridhi Plus' under its unit linked portfolio offering insurance protection, ...
Income Tax : The Life Insurance Corporation of India has made a strong case for continuing tax breaks on life insurance policies bought with an...
Finance : Union Finance Minister, Shri Pranab Mukherjee has asked the insurance companies to create awareness among the poor and vulnerable ...
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...
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...
Corporate Law : IRDA has twin objectives of development of the industry as well as protection of the policyholder. Both the objectives are interli...
Corporate Law : CIRCULAR NO. IRDA/ACTL/ULIP/124(2)/10/2010, DATED 27-10-2010 This has reference to the following circulars & regulation issued...
Corporate Law : The Insurance Regulatory and Development Authority (Irda) has suspended sale of universal life policies, which were being promoted...
Corporate Law : Life Insurance Corporation of India has introduced its ULIP plan under the new IRDA regime, following the launch of its Pension Pl...
Corporate Law : The new rules of the Insurance Regulatory and Development Authority (Irda) take effect from September 1. Ulips, which contributed ...
Discover the benefits of Unit Linked Insurance Policy (ULIP) under the Finance Act, 2021. Get the best of both investment and insurance in one plan.
Unit Linked Insurance plans had become one of the favorites of high-net-worth Individuals in the past few years. With their EEE feature (i..e eligible for 80C deductions, exemption of bonus received, no tax on amount received at maturity) and returns linked with investment in Equity & debt along with life cover was all that was […]
ULIP is a Unit Linked Insurance Policy. Until 31.1.21,all amount received with respect to ULIP on maturity/death/withdrawal is totally exempt u/s 10(10)(D). But in Budget 2021-22, an amendment has been introduced. So following points need to be considered w.e.f.1.2.21: 1. W.e.f.1.2.21 if any person takes a ULIP wherein the total premium for the policy is […]
Budget 2021- Taxation of proceeds of high premium unit linked insurance policy (ULIP) Clause (10D) of section 10 of the Act provides for the exemption for the sum received under a life insurance policy, including the sum allocated by way of bonus on such policy in respect of which the premium payable for any of […]
The Finance minister has proposed amendments in the Income Tax Act in an attempt to make the taxation of money received from Unit Linked Insurance Policies (ULIP) of life insurance companies on par with equity mutual funds.
What is a settlement option under ULIP? It is an option to be exercised by the policyholder of a unit linked life insurance policy to receive the maturity proceeds in instalments.
A Unit Linked Insurance Plan, shortly and more popularly known as ULIP, is a combination offering both insurance and investment. Before going into the nitty-gritty of working of ULIP, it is first of all important to understand the benefits of the ULIP plan. The benefits of the ULIP plan differs according to the ULIP plan […]
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.
Discover how life insurance can provide tax benefits and financial protection for your family. Learn more about the importance of life insurance policies.
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 […]
