Kotak Assured Savings Plan
A plan that offer guaranteed returns and financial protection for your family.
Kotak Guaranteed Savings Plan
A plan that offers long term savings and insurance in one premium.
Kotak Lifetime Income Plan
Retirement years are the golden years of life.
Our representative will get in touch with you at the earliest.
Ref. No. KLI/22-23/E-BB/492
Ref. No. KLI/22-23/E-BB/490
The Union Budget 2023 is expected to impact the life insurance industry in India significantly. Read ahead to know all about its impact on life insurance.
According to the Union Budget proposal:
The Union Budget is a crucial financial document released by the Indian government each year, outlining the government’s plans and expenses for the upcoming fiscal year.
The Union Budget 2023, recently presented by the Finance Minister, has several provisions that will impact the life insurance sector in India. In this article, we will see how the budget is expected to shape the future of life insurance in India, and what implications it may have for individuals looking to purchase life insurance policies.
A few policies and sectors remained unchanged while others underwent significant change. Several of the same-old policies are as follows
The Union Budget 2023 has proposed several changes to the policies related to insurance premiums and maturity amounts, as well as tax rules on these. The changes aim to increase tax savings for individuals and make it easier for them to receive a higher amount of maturity proceeds and death benefits. However, the new tax rules on annuity income received from a pension plan are expected to impact the total tax liability of individuals.
Ref. No. KLI/22-23/E-BB/999
Ref. No. KLI/22-23/E-BB/490
