The government has removed the ₹2.5 lakh threshold for taxing unit-linked insurance policies (ULIPs). Starting from April 1, 2026, ULIP returns on premiums exceeding ₹2.5 lakh will be taxed as capital gains. Long-term gains (from policies held for more than a year) will be taxed at 12.5%. Previously, ULIPs were taxed as income from other […]