In FY25, ULIPs accounted for approximately 42 percent of the company’s portfolio, while non-participating comprised 23 percent and par comprised of 15 percent.
The subscription period for the fund runs from February 15 to February 28, 2025, with units available at an initial price of Rs 10 each
The new reform dictates that ULIPs with annual premiums over Rs 2.5 lakh will face a 12.5 percent tax on gains, if held for more than one year
NFOs, index, fund, switch, NAV, SIIP, market risks…if this sounds like a mutual fund to you, you are mistaken. Now, insurance companies are launching ULIPs with commonly-used mutual fund terms. Be mindful of the differences.
This NFO aligns with the surging trend of index funds in India which have witnessed 175% CAGR growth in asset under management (AUM) over the last three years (FY20-FY23), Max Life Insurance said.
The government was earlier expected to announce the baseline estimate by October, but the process has been delayed due to the complexity involved in accurately coming out with an estimate.
The logistics and supply chain solutions provider does not foresee any major impact from headwinds in India’s exports and e-commerce segments.
PM Gatishakti National Mission Plan, launched on October 13, 2021, is a geographic information system-enabled platform that integrates the data on infrastructure like roads, railway lines, ports, inland waterways, telecom lines and power lines onto a single portal.
Moneycontrol Policy Next: "The road sector is still the largest sector in terms of transportation of cargo in India, the Indian Railways and Shipping are still lagging behind despite all the effort taken by the government in the last few years," the former secretary in the Ministry of Road Transport and Highways of India said.
Don’t fall for the tax-free narrative that traditional life insurance agents will be aggressively pushing over the next one month before the Budget tax proposals become applicable. Stick to term plans for insurance and equity funds for your goal-based long-term investments.
These are well researched smallcap stocks likely to become multibaggers over the long run
Economic Survey 2023: A total of Rs 1,458 crore has been spent as capital expenditure for the development of the PM Gati Shakti digital platform.
HDFC Bank official's unruly behaviour during an internal meeting with his junior colleagues, as recorded in a viral video, is symptomatic of the larger insurance mis-selling issue, which is rampant across the insurance distribution space. Many individuals end up buying insurance-cum-investment policies they may not need, only to regret doing so later when they receive renewal notices for premium payment. Bank relationship managers and agents have many tricks up their sleeves to sell insurance policies that may not suit your profile, but vigilance on your part can ensure that you steer clear of mis-selling traps.
As a category, ULIP midcap funds outperformed the mutual funds’ midcap category in 2022
One of the demands if for uniform taxation of capital gains from mutual funds and Unit-Linked Insurance Plans issued by insurance companies.
Under the National Logistics Policy, the platform will bring all digital services in the transportation sector into a single portal, freeing exporters from long and cumbersome processes.
Much has been done, and much more remains to be done. For instance, we need to move on from breaking records in building oil-guzzling roadways, and ramp up the railways and inland waterways.
This platform would have direct and indirect benefits to all stakeholders of the logistics ecosystem, said the private lender
The SIG will include members of the NPG and members from the Ministry of Housing and Urban Affairs (MOHUA), Department of Revenue (CBIC and GSTN), Department of Commerce, DPIIT and any other co-opted member.
ULIP will integrate seven ministries on one platform to provide logistics companies with information about cargo movement in the country.
Like mutual fund schemes, ULIP mid-cap funds offered by insurance companies have paid off, if you held on to them for the long term
The renewal premiums paid on Ulips bought before February 1, 2021, will continue to be tax-exempt
A Max Life Insurance policyholder had bought a ULIP in 2007. But the insurer cancelled the policy and paid him one-tenth of the total amount he had invested until then
The thought process behind this amendment is that ULIPs should not be viewed as a vehicle only for investments or tax efficiency.