Unit-Linked Insurance Plans (ULIPs) or Unit Linked Insurance Policy is a type of life insurance plan that offers a combination of life insurance protection and investment. ULIPS have gained popularity in India, attracting individuals who want both life insurance protection and wealth creation. What are ULIPs? ULIPs are a type…
Life insurance is an essential tool for financial security. In India, family is at the heart of our culture. Despite this, the penetration of life insurance is abysmal. “Life insurance penetration in India was 3.2 per cent in 2021,” says the Economic Survey 2022-23 (by the Indian government). “The penetration…
The Indian retail real estate segment is drawing real estate investors in India. In this article, Ramesh Nair, CEO & Country Head, JLL India, explores the current commercial property market investments in the retail malls and shopping spaces across the organized retail segment in India. After a few years of…
The India Union Budget 2019 has brought some cheer to the real estate sector. The following aspects of real estate and property investments have been modified or amended to bring in a change: Long-term capital gains Notional rent from unoccupied house – two residential properties can be considered as self-occupied…
In the Budget for 20019, the Indian government has chosen to keep the existing income tax slabs unchanged. However, the government has introduced a tax rebate of Rs 12,500 to make the effective tax ZERO for those having taxable income up to Rs 5 lakh. In the tax slab of…