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REPORTING OF ULIP INCOME
Stock, mutual fund investing from Tier-2, 3 cities grows fast, but limited awareness, advisory gaps remain key concernsEven as individuals from Tier-2/3 cities and beyond are rapidly embracing the world of stocks and mutual funds, gaps in advisory and awaren...
Canara HSBC Life Insurance shares soar 10% as Q4 net profit rises 9% to Rs 35 croreCanara HSBC Life Insurance shares surged 10% after reporting a nearly 9% net profit increase to Rs 35 crore for Q4 FY26. The insurer saw a ...
SBI Life shares fall 3% after Q4 net profit declines 1%: Here's why Nomura, Nuvama, other brokerages remain bullishSBI Life Insurance shares dipped 3% after reporting a 1% net profit decline in Q4 FY26, despite a 16% rise in net premium income. Brokerage...
SBI Life Q4 Results: Profit falls marginally to Rs 805 crore; net premium income rises 16% YoYSBI Life Q4 results: SBI Life reported a marginal 1% decline in Q4 standalone profit to Rs 805 crore, despite a 16% YoY rise in net premium...
Reporting ULIP payout of Rs 3.22 crore under wrong head in ITR triggers tax penalty; ITAT Hyderabad cancels penaltyA man who invested Rs 75 lakh in ULIPs and surrendered them for Rs 3.22 crore was penalized Rs 2.48 crore for reporting the income under th...
ICICI Prudential Life Q1 Results: Profit jumps 34% YoY as premiums rise, costs fallICICI Prudential Life Insurance reported a 34% surge in first-quarter profit, reaching 3.02 billion rupees, driven by increased group polic...
ULIPs gain traction as preferred insurance schemes amid pandemic: SurveyThe ULIP insurance policies offer wealth creation alongside life cover. Part of the premium goes towards life cover and the rest goes towar...
Finance minister eyes your PF with interest: How you can deal with this googlyWith this amendment, return on investment up to Rs 2.5 lakh in PF will remain tax-free while the return on the portion exceeding that amoun...
This is how middle-class families can plan their finances betterMiddle class - it is the stratum that builds our economy and resiliently works towards having a safe and secure future.
Insurers' individual new business income jumps 25% in 1st halfSmaller companies like IndiaFirst Life, Canara HSBC OBC saw a growth of 100 per cent and 80.8 per cent.
Why ULIPs are one of the best tax saving instrumentsSaving money aside, smart tax planning is an integral part of sensible financial planning. The average investor enjoys numerous tax-saving ...
Ulip sales, MF inflows boost fee income of private banksThe premium collected by selling Ulips grew 33% to Rs1,625 crore during the April-June quarter, according to preliminary industry data.
- Life insurers' new business income drops 12% in April
Generally, April is a lean month for the life insurance industry. Most of the sales that happen are in the form of spillovers.
- Sale of new life policies falls 10%, but premium income rises 15% in FY11
Birla Sun Life, MetLife and SBI Life led the plunge in sale of new life insurance policies last fiscal even as new premium income rose as c...
- ULIP business down by 15% during 2010-11: IRDA
Amid a row between Sebi and IRDA over control of unit linked products, the ULIP business declined by 15 per cent during 2010-11.
- LIC to reduce Ulip share by 5%
State-owned LIC, the country’s biggest life insurer is planning to prune its exposure to unit-linked investment products or Ulips by five p...
- ULIPs breathe fresh life into LIC
The Life Insurance Corporation of India (LIC) has increased its market share to nearly 70% from 63% in the first seven months of 2006-07.