Understanding the tax change for life insurance policies brought about by Budget 2023 via the recent CBDT guideline.
Payout from a life insurance policy – when is it tax exempt and when is it not? Read More »
Some of us may be hoarse from shouting about why tax benefits should not be the reason we buy insurance. Shouting notwithstanding, tax treatment remains a key consideration when buying insurance of almost any sort and this is what we look at in this article.
There are two points in time when the tax aspect will have to be kept in mind:
First at the time of premium payment
Second, at the time of a payout in the form of a claim being met or maturity benefits being paid out.
How is your insurance policy taxed? Read More »
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