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ICICI Pru Life’s net profit more than doubled to Rs 386 crore in Q4

by AIP Online Bureau | Apr 15, 2025 | Indian News, Life

ICICI Prudential’s value of new business (VNB), or expected profit from new policies, rose 2.5 per cent to Rs 7.95 billion for the quarter, according to Reuters calculations. ICICI Prudential’s VNB margins for the full year deteriorated to 22.8 per cent...
ULIPs should not be advertised as ‘investment products’, says IRDAI

ULIPs should not be advertised as ‘investment products’, says IRDAI

by AIP Online Bureau | Jun 21, 2024 | Eco/Invest/Demography, Indian News, Life, Regulation, Wealth Management/ Philanthropy

Insurers will have to specifically state that market-linked insurance plans are different from traditional endowment policies and carry risks New Delhi: The Insurance Regulatory and Development Authority of India (IRDAI) has issued a master circular barring the...

Taxation of ULIP proceeds to create ‘level-playing field’ with MFs: I-T dept

by AIP Online Bureau | Jan 24, 2022 | Indian News, Life, Policy

The Central Board of Direct Taxes (CBDT), that frames policy for the income tax department, had on January 18 notified the rules stating the method of calculation of capital gains with regard to ULIPs with annual premium of more than Rs 2.5 lakh and subsequently...

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