There's a good reason you are looking to 'invest' in an insurance plan before April 1. Since all insurance plans with annual premiums over Rs 5 lakh purchased on or after April 1 will be taxed (for ULIPs, premiums above Rs 2.5 lakh are taxable), it makes all the sense in the world to look for one. At the same time, it doesn't either.
This article was originally published on March 17, 2023.