Budget News
01 Feb '26 | 240 Views | 8 minutes read
Live updates on Budget 2026 announcement, including income tax changes, new proposals, and relief measures, policy announcements, and key measures impacting individuals and families in India. Also, read about policy changes in budget 2026 and how they may affect personal finance, savings, taxation, and long-term financial planning decisions.
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30 Jan '26 | 130 Views | 8 minutes read
Income tax in 2026 explained. Understand the new tax regime, structural changes, slab updates, and how these reforms will impact taxpayers and tax planning decisions.
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30 Jan '26 | 95 Views | 8 minutes read
Understand possible relief on long-term capital gains (LTCG), tax changes investors are hoping for, and what it could mean for your returns.
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29 Jan '26 | 10 Views | 8 minutes read
Find out what Budget 2026 may introduce on joint taxation for married couples, expected benefits, policy outlook, and how it may impact taxpayers in India.
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31 Jan '26 | 28 Views | 5 minutes read
Understand the proposed increase, eligible tax-saving investments, and how it could impact taxpayers and tax planning.
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Buying a life insurance plan with adequate coverage can be a financial cushion for your family. It ensures that the family's lifestyle and goals are not compromised due to unfortunate events such as death or disability.
Some life insurance plans, like Unit Linked Insurance Plans (ULIPs), offer wealth creation opportunities to policyholders, along with life coverage. These plans let you invest your premiums in different securities, like equity, debt, and more, to enjoy the benefits of inflation-beating returns.
Life insurance policies offer valuable tax benefits, enabling you to enhance your returns and accumulate savings. The premiums paid for the policy qualify for deduction under Section 80C of the Income Tax Act, 1961, up to ₹ 1.5 lakhs annually, subject to certain conditions. Furthermore, the funds withdrawn from the policy after the lock-in period and the maturity value received from life insurance plans are also tax-free.
Your source of income will no longer exist with you after retirement. It is crucial to have enough money saved up so that, when you retire, you won't need to worry about anything. Together with a steady income stream, retirement plans offer life insurance.