ULIP benefits taxable?


For all chosen ULIP as a investment option and currently ULIP will no longer be fully tax free. What is taxability of ULIP?

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There is no tax exemption for maturity proceeds of unit-linked insurance policies (Ulips) with an annual premium above ₹2.5 lakh, according to the budget provisions announced . The rules will apply for Ulips issued on or after 1 February 2021. more info here