Are expenses clearly displayed on insurance companies Web sites/sales literature?
The expenses are clearly displayed on most company web sites as well as sales literature. Are tax benefits available on ULIPs? Tax benefits under Section 80C and Section 10 (10D) are available for ULIPs. These are the same as those for regular life insurance plans. Are top-up amounts (premium and maturity amounts) eligible for tax benefits under Section 80C and Section 10 (10D)? Are partial/full withdrawals taxable? We have failed to come out with a unanimous view on this topic despite interactions with various life insurance companies. • 5 steps to selecting the right ULIP Is it mandatory for insurance companies to disclose their ULIP portfolios at regular time intervals? There is lack of consensus on whether ULIPs are required to disclose their portfolios. While some insurers claim that disclosing portfolios on a quarterly basis is mandatory, others state that there is no legal obligation to do so. Also experience suggests that some insurance companies declare their portfolios on a m
