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Unit Linked Insurance Plans - Top Selling Plans
Canara HSBC Life Insurance offers online ULIP plans that blend life insurance protection with investment growth, helping you build wealth while securing your family's future.
Unit Linked Insurance Plans - Top Selling Plans
Canara HSBC Life Insurance offers online ULIP plans that blend life insurance protection with investment growth, helping you build wealth while securing your family's future.
Secure Your Future with Confidence
Life Cover up to 100× Annual Premium 12 Fund Choices Automated Portfolio Strategies Maturity Booster
Secure Your Future with Confidence
Life Cover up to 100× Annual Premium 12 Fund Choices Automated Portfolio Strategies Maturity Booster
Invest Smart, Live Smart
Flexible Premium Options Multiple Fund Allocations Systematic Withdrawals Premium Waiver Benefit
Invest Smart, Live Smart
Flexible Premium Options Multiple Fund Allocations Systematic Withdrawals Premium Waiver Benefit
Wealth Today, Protection Always
Life Cover up to 100 Years 13 Fund Options Fund Switching Option Waiver Of Premium
Wealth Today, Protection Always
Life Cover up to 100 Years Fund Switching Option Waiver Of Premium
Did You Know?
Under the new tax rules, ULIP maturity proceeds remain tax-free only when the total annual premium for all your ULIPs is within ₹2.5 lakh.
How Does a ULIP Investment Plan Work?
To Avail Tax Benefits: If you are looking for an investment instrument that helps you save on taxes, then a ULIP can be suitable for you. You can enjoy tax benefits on the premiums that you pay towards the policy, as per Section 80C of the Income Tax Act. Also, death benefits paid under the plan are exempt from tax as per Section 10(10D) of the Income Tax Act. However, for policies issued on or after 1 February 2021, maturity proceeds are tax-exempt only if the aggregate annual premium of ULIP policies does not exceed ₹2.5 lakh, as per prevailing tax laws.
Did You Know?
If your combined premium exceeds ₹2.5 lakh, the maturity proceeds are taxable as capital gains at the rate of 12.5% for long-term holdings and 20% for short-term ones.
ULIP Tax Benefits
The tax treatment of ULIP maturity proceeds depends on the date of policy issuance and the premium amount. For ULIP policies issued before 1 February 2021, the maturity proceeds are generally tax-exempt under Section 10(10D) , irrespective of the premium amount. However, for ULIPs issued on or after 1 February 2021, the maturity amount may be taxable under the head “Capital Gains” if the aggregate annual premium exceeds ₹2.5 lakh, as per prevailing tax provisions.