Ulips

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  Can’t Pick Between Mutual Funds And ULIPs? Consider These Factors Before Investing

  Mutual Funds pool together money and invest in a range of debt and equity instruments, whereas ULIPs allow an investor to enjoy the benefits of an investment and life insurance cover under a single plan

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  Income Tax Return: How To Maximise Income Tax Benefit Under Section 80C

  Section 80C of the Income Tax Act offers one of the most common deductions available to salaried individuals, say experts. Section 80C of the Income Tax Act provides for income tax deductions up to Rs 1.5 lakh in a financial year. This benefit can be availed by investments in a variety of tax-planning instruments, including life insurance premium, ...

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  Long-Term Capital Gains Tax Not To Apply To ULIPs

  A few days after Arun Jaitley on Thursday announced the re-introduction of long term capital gains on equity during the Budget speech, market indices have been consistently declining. However, the Budget has been positive for the insurance sector, claim experts. A report released by the Nomura says that the newly inducted capital gains tax will not...

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  Insurance Regulator Slaps Rs 20 Lakh Penalty On Birla Sun Life Insurance

  The insurer also violated norms related to premium collection with regard to ULIP products thus inviting a fine of another Rs 5 lakh.

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  Tax-Saving Options That Can Help You Build Wealth

  For many people tax-saving and investment are two different aspects. They think both can't be done together. As a result, they blindly invest the Rs 1.5 lakh deduction limit available under Section 80C of Income Tax Act in sub-optimal tax saving instruments and thus lock-in their money in options that hardly yield them anything above inflation.

• LIC to Launch Unit-Linked Insurance Plan

  State-run Life Insurance Corporation of India (LIC) will launch its maiden ULIP (unit-linked insurance plan) product across the country on Wednesday.

• How to Mortgage Your Life Insurance Policy?

  The primary purpose of purchasing a life insurance cover is to safeguard your family in the event of your untimely demise. However, over the past decade, the meaning of insurance has widened to include investment products as well, as insurance companies have come up with different types of life insurance policies. Apart from pure term insurance, ot...

• Why life insurance and investment should not be mixed

  To not get into such risky situations, it is best if you take a term cover of an assumed value that you think can support your medical emergencies in future.

• Sebi releases norms for general insurance IPOs

  Markets regulator Sebi on Wednesday released disclosure norms for initial public offerings by general insurance companies.

• To invest about Rs 45,000 cr in market this year: LIC chairman

  In an exclusive interview to NDTV Profit’s Vijay Iyer, D.K. Mehrotra, chairman, Life Insurance Corporation of India (LIC) talks about LIC's targets for investments in the equity market this coming year and what sectors are looking attractive to the insurance giant.

• Bajaj Allianz Life launches GMIP under ULIP portfolio

  Bajaj Allianz Life Insurance today launched a new unit-linked plan Guaranteed Maturity Insurance Plan.

• Ulip holders to get interest if they discontinue policies

  Holders of unit-linked policies who discontinue their policies mid-way shall get a minimum guaranteed interest at par with SBI savings bank account rates, regulator IRDA said on Thursday. Changing the rules, the Insurance Regulatory and Development Authority (IRDA) also asked the life insurers that the policyholders unit-linked insurance pro...

• Bill to replace ULIP ordinance, FM seeks to allay RBI fears

  Allaying RBI's fears, the government on Tuesday proposed to elevate its governor's post in the proposed joint mechanism to address the differences among financial regulators over hybrid products. The legislation, Securities and Insurance Laws (Amendment) and Validation, Bill 2010, presented in the Lok Sabha to replace the ULIP Ordinance, al...

• Govt introduces bill to resolve regulatory turf disputes

  The government on Tuesday introduced a bill in the Lok Sabha that provides for a joint mechanism headed by the Finance Minister to resolve differences among the financial regulators - Sebi, IRDA, RBI and PFRDA. The Bill - the Securities and Insurance Laws (Amendment) and Validation, Bill 2010 - addresses concerns by Reserve Bank of India (R...

• Pranab Mukerjee firm on Ulip ordinance

  The government is having the final word in the tussle over whether to continue with the ordinance for unit linked insurance plans or not. In what could be a possible setback to the RBI governor D Subbarao, the government is likely to table a Bill in the coming session of the parliament, legally establishing, what the ULIP ordinance has prop...