'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.'
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
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.
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.
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.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
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.
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.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries
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.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
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.
The incentive of the insurance advisor is definitely not in favour of the individual wanting an insurance policy.
HDFC Life has a balance between traditional policies and Ulips
Tax deductions and prioritising their sequence will help you streamline your investments for efficient tax saving.
A term insurance should always be preferred over other insurance products like ULIPs, money back and endowment policies.
Gaurav Garg, head of research at CapitalVia Global Research Limited will answer your stock market queries.
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.
To curb mis-selling of policies and rationalise commissions, radical changes have been proposed to help investors.
The new regulations will allow the insurers to charge an extra premium from policyholders who wish to buy riders with unit-linked insurance plans.
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.
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.
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.
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 discount brokers have managed to grow at a rapid pace, they have not been successful in capturing substantial market share in the above-40 age category.
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.
Unit-linked plans or Ulips continue to be expensive compared to other instruments, say certified financial planners.
The Irda is of the view that any insurance product must carry some form of assurance.
Since last September, when the Irda capped distribution costs of Ulips, the number of policies with riders being sold had risen from 5% of the total to 20%.
A quick snapshot about the fundamentals of the concept of life insurance.
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