The finance minister announced in the February budget the scrapping of the tax exemption on maturity proceeds of non-unit linked insurance plan (ULIP) policies purchased after April 1 with annual premiums above ₹5 lakh. That had led to a rise in pre-booking of high-ticket, non-linked policies in March.from Banking/Finance-Industry-Economic Times https://ift.tt/S3e9GyP
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