Ulips

This forced insurers to introduce more cost-effective, customer-friendly products. "Manufacturers have eliminated the policy administration charge," says Rao

Non-life firms to post strong premium growth, benefit from low claims ratio

Insurance companies will have to specifically state that market-linked insurance plans are different from traditional endowment policies and carry risks

According to analysts at Motilal Oswal, VNB margins for all life insurance players declined from the previous year due to adverse product mix and pressure on non-par margins

The Unified Logistics Interface Platform (ULIP) offers huge opportunities for states to enhance their logistics frameworks, a top government official said on Monday. Department for Promotion of Industry and Internal Trade (DPIIT) Secretary Rajesh Kumar Singh encouraged all states to actively leverage ULIP and drive forward a seamless, efficient and inclusive logistics sector across India. The platform was launched on September 17, 2022, as part of the national logistics policy. It is a digital gateway that allows industry players to access logistics-related data sets from various government systems through API-based integration. Currently, the platform integrates with 37 systems from 10 ministries via 118 APIs, covering over 1,800 data fields. Private sector participation in the ULIP has been instrumental in amplifying its impact, with over 900 companies registered on its portal. Additionally, these companies have developed over 90 applications, leading to more than 35 crore API .

Offers unlimited free switches between asset classes without any cost and tax implications

The product is a unit linked insurance plan that gives policyholders the chance to invest in a diversified equity portfolio with a focus on small-cap companies

This week we explain the difference between a will and gift deed; next we analyse index funds of life insurers

To invest in a small-cap index fund of a life insurance company, a customer will need to invest in a ULIP

Most ULIPs show very high returns, which is the selling point. But they don't share that these returns are calculated without any charges.

Move aimed at ease of doing business, says IRDAI

Over 76 firms have signed non-disclosure agreements with the government to access data from the Unified Logistics Interface Platform, an official said on Monday. The Unified Logistics Interface Platform (ULIP) was launched on September 17 last year as part of the national logistics policy. It is a digital gateway for enabling industry players to access logistics-related datasets from various government systems through request and response-based application programming interface (API) integration. National Industrial Corridor Development Corporation Limited Vice President Abhishek Chaudhary said that over 76 agreements have been signed with the private players. He said that 15-20 more are in the pipeline to sign these pacts. The firms that have signed these agreements include MapMyIndia, CargoExchange, Freight Fox, Conmove, Intugine, Eikonatech, Superprocure, CargoShakti, CloudStrats, and Shyplite. The ULIP platform will enable the industry players to get secure access to informat

Analysts expect modest RoEV given lower margin profile than private peers

Age, returns and security are some factors you must consider before your purchase a plan

Value of new business growth and margins remained strong in Q2

Prime Minister Narendra Modi last week unveiled the policy which seeks to cut transportation costs by promoting seamless movement of goods across the country

The Union Cabinet is likely to approve the National Logistics Policy in its meeting on Wednesday, sources said. Prime Minister Narendra Modi last week unveiled the policy which seeks to cut transportation cost by promoting seamless movement of goods across the country. While launching the policy, the prime minister had said that "from 13-14 per cent (of the GDP), we should all aim to bring the logistics cost to single-digit as soon as possible". According to an e-book of the department for promotion of industry and internal trade (DPIIT), an unified logistics interface platform (ULIP) will be developed as part of the policy to help different government and private agencies; shippers, service providers enable information exchange on a real time basis in a confidential manner. Development of ULIP is one of the eight interventions proposed under the comprehensive logistics action plan, through which the policy will be implemented. The other interventions proposed include Standardisat

Life insurance companies will raise their solvency margin and free up capital that can be used for other purposes

Proceeds of high-premium Unit Linked Insurance Plans (ULIPs) has been made taxable to create a "level-playing field" with mutual funds, official sources said

Also, Association of Mutual Funds in India has requested for uniformity in taxation on listed debt securities and debt mutual fund