Budget 2025 | GIFT City insurance and endowment plans are now tax-free for NRIs
Source: Live Mint The Union Budget for 2025-26 has proposed a major tax arbitrage for unit-linked insurance policies and endowment plans sold via Gift City. If approved, the maturity proceeds in such dollar-denominated insurance plans will be tax-free if the premium amount is under 10% of the sum assured. Currently, maturity proceeds in Gift City-linked…