Much of the tardy reaction to competition is the result of LIC's legacy.
Highest NAV guarantee products accounted for a fifth of Ulip sales after pension plan sales dried up following the stringent norms on Ulips from September 2010.
'It is crucial to understand that the ultimate goal of your investments isn't to pay lesser tax, but to create long-term wealth for you and your family,' says Satyen Kothari, founder and CEO, Cube Wealth.
Market-linked products have been driving the growth of private insurers for some time now. But, the market volatility has forced the companies to re-think their strategies, reports Subrata Panda.
ULIPs come on top with one-year returns between 34% and 45% compared with closed-end mutual funds and ELSS
ELSS have a long and proven track record, which is missing in ULIPs
After life insurance products, the sector's regulator is now turning its attention to unit-linked insurance products (ULIP) that guarantee the highest net asset value (NAV) over its term.
After trying to reform unit-linked insurance plans (Ulips), the Insurance Regulatory and Development Authority (Irda) is now turning its attention to the protection of policyholders.
The Sebi-Irda tussle will change Ulips forever. What it means for millions of investors.
'Unless it becomes really a big epidemic in India where a huge number of people are getting sick and lakhs of people dying, I do not see a major impact on the insurance sector.'
Endowment Plus is a unit-linked product that offers investment-cum-insurance during the term of the policy.
India's insurance industry is set for a makeover as it seeks to survive and grow in a changed environment that dawned on September 1. With a three-month spat over who will regulate unit-linked insurance plans (Ulips) settled, the Insurance Regulatory & Development Authority (Irda) in July announced sweeping changes to the way insurance companies do business.
You may have bought a unit-linked policy without really checking it out, but you can still make it work for you.
Investors must invest more into pension/annuities than is currently being done, as other than tax benefits it also takes care of the high expenditure post retirement.
Tax planning should not be left for March. If you do so, you could face a severe cash crunch in that month, warns Sanjay Kumar Singh.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Plan these investments well rather than just doing random investments at the beginning of the year or rushing in at the end, advises Harshad Chetanwala, co-founder, MyWealthGrowth.
With mutual funds becoming an increasingly popular investment avenue, it would pay to be tax-smart.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Though agents promote Ulips instead of term policies, the latter make more sense for pure insurance purposes.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries
The incentive of the insurance advisor is definitely not in favour of the individual wanting an insurance policy.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Tax deductions and prioritising their sequence will help you streamline your investments for efficient tax saving.
HDFC Life has a balance between traditional policies and Ulips
A term insurance should always be preferred over other insurance products like ULIPs, money back and endowment policies.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
To curb mis-selling of policies and rationalise commissions, radical changes have been proposed to help investors.
Unit-linked life insurance offers the interesting option of combining protection and tax advantages of life insurance with the attractive prospects of investing in equities.
Gaurav Garg, head of research at CapitalVia Global Research Limited will answer your stock market queries.
The new regulations will allow the insurers to charge an extra premium from policyholders who wish to buy riders with unit-linked insurance plans.
V Viswanand, director and head, Products and Persistency Management, Max Life Insurance, will answer your queries in an online chat September 3, between 2 pm and 3 pm.
Twenty years after India's insurance sector was opened up, unshackling the control of state-owned companies, as many as 50 private players have set up shop. Along with their foreign partners, private players have brought about a sea change in the product offering, distribution and underwriting processes, and services levels. Yet, India's insurance penetration needle has not moved much.
When taken at the right time it can prove to be your best friend during old age
Anil Rego of Right Horizons explains how the new insurance rules will help policy buyers.
Child insurance plans can be broadly classified into two types: unit linked and traditional.
Though unpopular, a personal accident policy is an important cover and comes cheap. Add this cover and keep the risk of loss of income due to disability at bay.
While the proposed new tax regime is optional for taxpayers, the finance minister has said the government eventually wants to do away with all exemptions with a lower tax-rate simplified structure.
With the introduction of 10 per cent tax both on long-term capital gains and on dividend, choose funds based on investment horizon and risk appetite, not on tax advantage, experts tell Sanjay Kumar Singh.
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