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Don’t miss the latest developments in business and finance.
Life firms ask regulator to allow risk-based solvency regime for ULIPs
Life insurance companies will raise their solvency margin and free up capital that can be used for other purposes
Outflow-stricken equity MFs look for boost from Ulip tax changes
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
When to exit expensive policies
You can exit Ulips after five years. For traditional plans, check the surrender value
Insurance regulator provides some relief to Ulip holders
Money in Discontinuance Policy Fund will earn minimum guaranteed return at the rate of 4% a year