*No tax on GIFT City Ulip maturity proceeds even if premiums exceed Rs 2.5 lakh per year* In a boost to life insurance companies’ branches located in the International Financial Services Centre (IFSC)-GIFT city, Budget 2025 has announced a tax exemption for life insurance policies sold through such offices. For more details: https://www.moneycontrol.com/news/business/personal-finance/no-tax-on-ifsc-gift-city-insurers-ulip-maturity-proceeds-even-if-premiums-exceed-rs-2-5-lakh-per-year-12927606.html