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Life insurance companies will raise their solvency margin and free up capital that can be used for other purposes
Starting this month, new Ulip plans with annual premium of over Rs 2,50,000 are proposed to be taxed in the same way as capital gains on transfer of equity-oriented MF units
You can exit Ulips after five years. For traditional plans, check the surrender value
Money in Discontinuance Policy Fund will earn minimum guaranteed return at the rate of 4% a year