While the recovery has been gradual rather than sharp, insurers say the quality of ULIP growth has improved meaningfully, with better margins and stronger persistency
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.