Strong season, rush to bag tax sops to lift life insurers in Q4

The government's decision to withdraw tax exemptions on maturity proceeds of non-unit linked insurance policies (non-ULIP) with an annual premium exceeding ₹5 lakh led to a surge in pre-booking of high-value non-linked policies before March 31, resulting in an overall increase in the average ticket size for retail regular premium policies across the insurance industry.

from Banking/Finance-Industry-Economic Times https://ift.tt/G6bOBWZ