Ulips post-Budget: Assess suitability, examine costs before investing
Last Update Date: 06-10-2026
Published by Business Standard
Abhishek Kumar's role: Quoted
Abhishek Kumar said high earners gain because capital gains tax on such Ulips is below their slab rate, but pointed out the five-year lock-in and multiple charges, and suggested checking costs and whether the life cover is adequate.
More of Abhishek's views on insurance
The Union Budget clarified that payouts from unit-linked insurance plans that do not qualify for exemption under Section 10(10D) are taxed as capital gains. The article explains the change, weighs tax-free fund switches and the lock-in against charges and limited flexibility, and lists checks before buying.
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Ulips post-Budget: Assess suitability, examine costs before investing