NFOs at present: Tata AIA Life Insurance has floated a new fund offer Tata AIA NIFTY Alpha 50 Index Fund. The new index fund is a unit-linked insurance product (ULIPs) and is available for subscription until September 30, 2024. During the New Fund Offering (NFO) period, units will be offered at an initial price of … Read more
The Indian life insurance sector is on the cusp of significant growth, driven by a series of regulatory changes that are now providing more clarity and stability. Over the past few years, the industry has faced numerous challenges, such as new taxation rules on ULIPs and non-linked products, as well as revised surrender charges. While … Read more
The Income Tax department periodically updates tax return forms to gather additional information from taxpayers. In December 2023, ITR forms 1 and 4 were revised for Assessment Year 2024-25 to align with changes introduced by the Finance Act 2023 amendments. These modifications and reporting requirements were implemented by the Central Board of Direct Taxes (CBDT). … Read more
Union Budget 2024: Indian insurance firms have been expecting various tax exemptions from the Central government in the upcoming Union Budget to improve the appeal and accessibility of insurance products, thus encouraging wider adoption across the country. Insurers specialising in life coverage are advocating for tax relief on annuities and a reduction in the goods and … Read more
MUMBAI: One of the biggest stories of the financial year gone by was the great migration of retail investors in the country from mutual funds to direct equity. Disheartened by mediocre returns from mutual funds and armed with zero-cost mobile trading applications, millions of retail and high net-worth investors chose to dip into direct equity … Read more
MR Kumar says the insurance behemoth may bring in outside fintechs and insurance techs to grow scale The productivity of LIC Agents and that of LIC is one of the highest in the industry. You also have the best bancassurance tieup, but you have not managed to capitalise on that.True, this is something we have … Read more