Tax exemption removal may reduce life insurers' wallet share

Notably, income from annuities and single-premium policies generally gets taxed. Income on ULIPs above the annual premium of ₹2.5 lakh has also been taxed for the last two years.

Related Keywords

India , Amit Ganatra , Aarti Raote , Tax Regulatory Services , Kotak Institutional Equities , Regulatory Services , Deloitte India , Finance Act , Unit Linked Insurance Policies , Life Insurance , Budget 2023 , Tulips , Insurance , Exemption Hni ,