Investment And Insurance: What Is Unit-linked Insurance Plan That Offers Dual Benefits?
2 years, 1 month ago

Investment And Insurance: What Is Unit-linked Insurance Plan That Offers Dual Benefits?

News 18  

While presenting the Union Budget 2023, finance minister Nirmala Sitharaman announced the proposal to limit income tax exemption from proceeds of insurance policies with very high value. 5 lakh shall be exempt.” An individual will be liable to pay tax on the maturity amount of life insurance policies where the aggregate annual premium exceeds Rs 5 lakh. ULIP or Unit Linked Insurance Plan, is an insurance plan that offers dual benefits in a single product: investment and insurance. Broadly, the life insurance policies are categorised into two types; 1) Traditional plans 2) Unit Linked Insurance Plans Traditional policies offer in-built guarantees and define maturity benefits through a variety of products such as guaranteed maturity value.

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History of this topic

Investment word of the day: Unit-linked insurance plans — how ULIP works, pros & cons and more
2 days, 13 hours ago

Investment word of the day: Unit-linked insurance plans — how ULIP works, pros & cons and more

Live Mint  

Investment word of the day: Imagine you have a sum of money and you are confused about whether to use it for investment or as a measure to protect finances from unforeseen circumstances. They come with a mandatory five-year lock-in period which motivates long-term savings and ensures deep commitment to wealth accumulation,” according to Siddharth Maurya, MD & Founder of …

ULIP tax treatment ambiguity cleared in Budget 2025 | Details here
1 month, 3 weeks ago

ULIP tax treatment ambiguity cleared in Budget 2025 | Details here

Hindustan Times  

The Union Budget 2025 has introduced an important amendment when it comes to the taxation of Unit Linked Insurance Policies. The Union Budget 2025 has introduced an important amendment when it comes to the taxation of Unit Linked Insurance Policies This brings much-needed clarity since so far, the tax treatment of ULIPs was ambiguous. Taxation of Unit Life Insurance Policy …

Budget 2025: How the new tax rules will impact ULIP investments—Key changes you need to know
1 month, 3 weeks ago

Budget 2025: How the new tax rules will impact ULIP investments—Key changes you need to know

Live Mint  

Union Budget 2025: The budget has introduced immense clarity on the tax treatment of the Unit Linked Insurance Policies. Specifically those ULIP's that don't fall or qualify for the exemptions provided under Section Section 10 of the Income Tax Act. ULIPs combine both life insurance and mutual fund investments in one asset class. Also Read | The hidden costs of …

A Guide for New-age Investors to Master Stock Market Strategies
1 year ago

A Guide for New-age Investors to Master Stock Market Strategies

The Quint  

ULIPs vs Direct Stock Market Investments ULIPs offer a unique combination of life insurance coverage and investment opportunities. On the other hand, direct stock market investments mean buying shares of a company straight from the stock market, making you a part-owner of the company. While direct stock market investments provide greater control and potential for higher returns, they carry higher …

Pramerica Life Insurance launches new age ULIP designed for the new generation’s financial ambitions. Details here
1 year, 6 months ago

Pramerica Life Insurance launches new age ULIP designed for the new generation’s financial ambitions. Details here

Live Mint  

Pramerica Life Insurance Company has announced the introduction of its latest offering, “Pramerica Life Super Investment Plan ”. On the occasion of the launch Pankaj Gupta, MD & CEO, Pramerica Life Insurance, said, “Modern India is aspirational and is looking out for new age life insurance products that support changing lifestyles and aspirations. Pramerica Life Super Investment Plan is designed …

Which investment options are available other than mutual funds to fund your children’s higher education?
1 year, 7 months ago

Which investment options are available other than mutual funds to fund your children’s higher education?

Live Mint  

The tagline “Mutual Funds Sahi Hai” has seemed to catch the fancy of many investors with many of them even planning their children’s education around mutual fund investments. Start with buying life insurance Parents planning their funds to pay for their children’s future education must first consider buying a life insurance policy. Guaranteed funds : A life insurance policy ensures …

Why one should not invest in ULIPs
2 years, 3 months ago

Why one should not invest in ULIPs

Live Mint  

When it comes to investment, ULIPs are frequently recommended. ULIPs come with significant upfront charges for setting up an account, higher premium rates than other types of insurance, and fund management fees. Furthermore, regulatory bodies set regulations on ULIPs which limit the fund investments offered by the insurers. This makes ULIPs a less flexible option when compared to other types …

What are ULIPs? How do they work? Are they good for long-term investment?
3 years, 5 months ago

What are ULIPs? How do they work? Are they good for long-term investment?

Business Standard  

When you think of investing your money, the first thought that you have is investing in conventional instruments like fixed deposits or gold. However, you might want to check out more modern financial tools like ULIPs, which offer better returns and also offer insurance coverage. Premium allocation One part utilised for insurance Another part used for investing in funds The …

Covering risk while earning money
5 years ago

Covering risk while earning money

The Hindu  

There are a variety of life insurance policies. While term policies cover only death risk and for a given period, whole life policies offer longer coverage periods with options like return of premium and other add-ons. This return, or bonus, is a share of the returns that the life insurance company realises when it invests your premium and is usually …

Decoding unit-linked insurance plans
5 years, 10 months ago

Decoding unit-linked insurance plans

Live Mint  

Unit-linked insurance plans or Ulips are products sold to you by insurers which area combination of a pure life insurance policy and a marketlinked investment product. A part of the premium you pay to your insurer, certain portion gets allocated to equity or debt funds,” said Dheeraj Sehgal, chief institutional business officer, Bajaj Allianz Life Insurance. “You are allowed to …

Insurance pension plans to be flexible, but NPS still cheaper
6 years, 3 months ago

Insurance pension plans to be flexible, but NPS still cheaper

Live Mint  

Once popular, now forgotten, pension plans offered by life insurance companies may become attractive once again if the latest product regulation draft by the Insurance Regulatory and Development Authority of India is implemented. The draft on ULPPs proposes to increase withdrawable corpus to 60% and allow partial withdrawals after the lock-in period, which will make ULPPs similar to NPS. “The …

Productcrack | Unit-linked insurance plan (Ulip)
13 years, 7 months ago

Productcrack | Unit-linked insurance plan (Ulip)

Live Mint  

Name of the product AEGON Religare Life Insurance Co. Ltd’s iMaximize Plan. First, to get the higher of the sum assured, the fund value and 105% of all the premiums paid. As soon as the fund value in accelerator fund equals or exceeds 110% of all the premiums paid, the excess amount is switched to a secure fund, which is …

ULIPs: insurance regulator scores a point
14 years, 9 months ago

ULIPs: insurance regulator scores a point

The Hindu  

Through an ordinance issued on June 18, the Central government amended, in one stroke, the Reserve Bank of India, Insurance, Securities and Exchange Board of India and Securities Contract Acts just to clarify that unit-linked insurance products come under life insurance business. Between 1990 and 1999, new premium income under life insurance grew at an average rate of 17 per …

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