Should ULIPs be avoided due to change tax rule in budget 2021?
Budget 2021 came as a shock to insurers who sold ULIPs. Their tax-status was changed from tax-free to taxable as capital gains (like mutual funds). In this article we discuss a question posed by a reader: Should ULIPs be avoided due to change tax rule in budget 2021? When equity mutual funds became taxable in…
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