Post the budget 2018 announcement about taxing long-term capital gains (LTCG) from equity and equity mutual funds, the tax advantage has shifted towards unit-linked insurance plans (Ulips) of life insurance companies.
The maturity proceeds of Ulips (which include long-term capital gains) will remain tax-free as there is no mention in the Finance Bill to tax them. This tax disparity between the two has led to a renewed effort by insurance companies to hard sell Ulips. Consequently, inve ..