Unit Linked Insurance Plans are unconventional life insurance plans which offer you the benefit of insurance as well as market-linked returns. While most of you understand the concept of ULIPs, are you familiar with their tax angle? ULIPs are tax-saving investment avenues like other life insurance plans. The premiums paid qualify for tax deduction under […]
Health insurance premiums qualify for tax deductions under Section 80D of the Income Tax Act. While for individuals below 60 years of age the maximum deduction allowed is Rs.25, 000, the limit has been enhanced for senior citizens. According to the new rules mentioned in the Union Budget 2018, senior citizens can claim a maximum[…..]
If anything has shaped modern civilization it is technology. Name any sector and technological advancement has left a prominent mark. Technology has changed the way we live our lives. A push of few buttons is all it takes to live life comfortably. All around the world technology is bringing in new innovations. You can find[…..]
Did u know that surrender value of your insurance policy can be taxable if proper care is not taken? Life insurance policies are popular among customers because of their tax saving nature. The premiums paid up to Rs.1.5 lakhs are exempted from the taxable income under Section 80C. Similarly, the benefits received under a life[…..]
Technology and digital communications are rapidly changing the way we do business. The rise of artificial intelligence and machine learning have provided many opportunities for various industries, including insurance. This especially for those professionals who are innovative and open to leveraging new technologies effectively. Artificial intelligence refers to any intelligence displayed by machines, whereby technology[…..]
