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Long-Term Capital Gains Tax Not To Apply To ULIPs
Monday, February 5, 2018, 3:26 PM
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 apply to ULIP.
PolicyBazaar plans to sell ULIPs sans commission
Saturday, November 4, 2017, 1:06 PM
PolicyBazaar plans to disrupt the insurance market by selling low-cost unit-linked insurance plans without any commissions. These ULIPs are being tailor-made for direct sales by Edelweiss Tokio Marine Life Insurance. PolicyBazaar has also brought the concept of cash-back type incentives by offering additional allocation of units of 1% for the first five years, which increases every five years to 3%, 5% and 7% respectively.
When to exit expensive policies?
Friday, June 9, 2017, 4:13 PM
People go and buy insurance policies just to save some tax. And only after a couple of years that they realize that the policy is too expensive to maintain. It’s better to cut your losses sometimes than to lose big. Besides the tax saving element is guaranteed returns promised by traditional products like the endowment or moneyback policies or, market-linked returns in case of ULIPS.
