The government's decision to withdraw tax exemptions on maturity proceeds of non-unit linked insurance policies (non-ULIP) with an annual premium exceeding ₹5 lakh led to a surge in pre-booking of high-value non-linked policies before March 31, resulting in an overall increase in the average ticket size for retail regular premium policies across the insurance industry.source https://economictimes.indiatimes.com/industry/banking/finance/insure/strong-season-rush-to-bag-tax-sops-to-lift-life-insurers-in-q4/articleshow/99566824.cms
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