The central government has notified new rules to tax the Unit Link Insurance Plan (ULIPs). People who were planning to opt for ULIPs in order to get tax-free proceeds will have to reconsider and check whether or not they are eligible for such exemptions under the new rules.<\/p>\n\n\n\n
ULIPs are a mixture of insurance and investment tool. The insurance company would divide your money, it would use some part of the premium money to invest in equity\/shares, and the rest of the funds are utilized to cover your insurance. As the money is put into diverse portfolios and provides a balance in risk and secure investment, many people opt for this option. A Major plus point for investing ULIPs is that it helps the investor claim tax deduction under 80C.<\/p>\n","protected":false},"excerpt":{"rendered":"
The central government has notified new rules to tax the Unit Link Insurance Plan (ULIPs). People who were planning to opt for ULIPs in order to get tax-free proceeds will have to reconsider and check whether or not they are eligible for such exemptions under the new rules. ULIPs are a mixture of insurance and […]<\/p>\n","protected":false},"author":4,"featured_media":55123,"parent":15144,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"download-newsletter.php","meta":[],"acf":[],"yoast_head":"\n