{"id":302145,"date":"2026-06-05T09:22:46","date_gmt":"2026-06-05T03:37:46","guid":{"rendered":"https:\/\/insurancekhabar.com\/?p=302145"},"modified":"2026-06-05T09:25:04","modified_gmt":"2026-06-05T03:40:04","slug":"life-insurance-company-of-india-demands-doubling-of-tax-free-insurance-limit-2","status":"publish","type":"post","link":"https:\/\/english.insurancekhabar.com\/life-insurance-company-of-india-demands-doubling-of-tax-free-insurance-limit-2\/","title":{"rendered":"Life Insurance Company of India Demands Doubling of Tax-Free Insurance Limit"},"content":{"rendered":"<p>Kathmandu. Life insurance companies in India have urged the government to double the tax-free limit on insurance policies. They have demanded that this limit be doubled to Rs 5 lakh. <\/p>\n<p>According to Reuters, the new tax threshold was implemented in February 2023 for all insurance plans except unit-linked insurance plans (ULIPs). ULIPs are insurance products. Which link the life cover to the investment in a market-linked fund. <\/p>\n<p>Following this change, the flow into non-ULIP products grew by only 2 per cent in FY24 and 5 per cent in FY25. The data shows this is significantly lower than the 13 percent and 18 percent growth recorded in the previous two years. <\/p>\n<p>Flows for FY26 grew by 16 per cent, mainly due to reduction in the Goods and Services Tax (GST). Higher inflows into these funds are expected to boost demand for ultra-long bonds at a time when supply from the central and state governments has increased. In which they usually invest a large amount. Similar requests were made after the new tax threshold came into force. \u2013Agency<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kathmandu. Life insurance companies in India have urged the government to double the tax-free limit on insurance policies. They have demanded that this limit be doubled to Rs 5 lakh. According to Reuters, the new tax threshold was implemented in February 2023 for all insurance plans except unit-linked insurance plans (ULIPs). ULIPs are insurance products. [&hellip;]<\/p>\n","protected":false},"author":16,"featured_media":224213,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45044,45159],"tags":[],"class_list":["post-302145","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international-news-en","category-news-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/302145","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=302145"}],"version-history":[{"count":1,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/302145\/revisions"}],"predecessor-version":[{"id":302146,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/302145\/revisions\/302146"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/224213"}],"wp:attachment":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=302145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=302145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=302145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}