The Insurance Regulatory & Development Authority has capped the charges from the fifth year to around four per cent of the annual premium paid.
It came on the back of tepid dispatches in the March quarter as consumer sentiment took a knocking, owing to uncertainty ahead of the general election.
Prudential ICICI's managing director, Shikha Sharma, talks about how the journey has been so far and also why she thinks unit-linked insurance plans are the best allocators of long-term funds.
Priya Nair tells you how you can use technology to invest better and maximise returns.
Investors are divided on their opinions about the ULIP plans. This article is the first in the series that discuss ULIPs in detail.
Sebi is locked in a turf battle with insurance regulator IRDA over who has jurisdiction over ULIPs.
A day after the finance ministry brokered a truce between two financial sector regulators, Sebi on Tuesday said any new ULIP scheme launched after April 9, 2010 by insurance companies will remain covered by its earlier ban order.
This was the one Budget that required radical departures on all these fronts, when it had none, asserts, Shreekant Sambrani.
Metal prices from copper to aluminum and tin have shot up by about 7-32 per cent in the past three months.
The prices will be decided during the time of launch, as TVS hopes that given the cost increase, the government may consider bringing down GST for two-wheelers.
Income from distribution of third-party products such as insurance policies and mutual fund schemes is already under pressure because of the unfavourable economic climate.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Suuti's merchant bankers give proposal; deal value could be Rs 2,800 crore
A same sex couple has moved the Delhi high court seeking they be allowed to get married under the Special Marriage Act, saying they have been living together as a couple for eight years, in love with each other sharing the highs and lows of life, but unable marry as they are both women. A similar plea has been moved by two men, who got married in the United States, but their marriage was not registered under the Foreign Marriage Act of 1969 by the Indian consulate as they were a same sex couple.
How to buy n Unit Linked Insurance Plan? Well, read on. . .
The old ULIP lacked both and individuals did not have an inkling about either even after taking the ULIP.
From its March 2020 low, Bitcoin has gained a massive 474 per cent and has surged 214 per cent year-to-date.
The Insurance Regulatory and Development Authority has clarified that only the premium collected for providing health cover in the case of unit-linked health insurance policies will be eligible for tax benefits.
However, policyholders will have to stay invested for the entire period of the scheme to get these benefits.
As protectionism grows from the United States to Australia, Sanjay Kumar Singh draws up a comprehensive financial checklist for those shifting to India.
Why do we need a cure here for peculiarly Western diseases when we don't have those diseases, and which the West itself is not trying to cure, asks Debashis Basu.
Evaluate recurring investment products and do the numbers before making any investments.
Saving tax through Ulips will lead to mixing of insurance with investment.
In order to push more long-term products, insurers are trying to push long-term unit-liked plans by giving incentives to agents who sell Ulips with higher tenure.
With the Securities and Exchange Board of India abolishing the entry load on mutual funds, sector experts believe distributors are likely to aggressively push high-commission insurance products. The quashing, applicable from August 1, will bring down their commission to less than half of what they earn right now. The result is likely to be aggressive selling of, for one, unit-linked insurance plans (Ulips).
'If I close my housing loan, are there any investment avenues (the investment should provide liquidity) to save tax?'
You bought a unit linked insurance plan, ULIP, from your agent thinking that it is the best insurance product. However, when you see your ULIP statement you are more than confused. Here's some help to decipher your ULIP statement.
The Code on Social Security, 2020 gives a lot of comfort to gig firms which recognise cab drivers or food delivery executives as 'independent contractors' who directly do business with customers with the help of their digitised platforms.
'If you are looking to fulfil imminent long-term commitments, the new online Ulips are the right product for you,' notes Santosh Agarwal/Policybazaar.com.
There is little doubt that the policy offers some interesting features, but these do not come for free, policy holders have to pay for the same by way of higher premiums.
'We have already sanctioned loans worth over Rs 3,000 crore to around 120,000 customers.'
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.
Investment in market leaders with a safety-first approach could yield reasonable returns across sectors.
SoftBank-backed Ola Electric took the wraps off its maiden e-scooter offerings -- Ola S1 and S1 Pro -- for a commercial launch on Sunday. With prices starting from Rs 99,999 (excluding state government incentives, registration fee, and insurance cost), the Bhavesh Aggarwal-founded firm said the e-scooters are designed and engineered in India for the world and will deliver the best scooter experience to the consumer. He suggested that after 2025, sale of petrol-powered two-wheelers should not be allowed.
The GIFT City management is in talks with Hong Kong, London, and Singapore arbitration centres
Tax liability insurance is a key negotiation tool used by companies and advisers when a potential tax exposure has been identified and neither party is willing to bear the risk.
Positive return guarantee but with conservative bias; rider to check insurer hopping by customers.
The sector faces many challenges and calls for prompt corrective action.
