ULIP benefits taxable?

Hi,

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

1 Like

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

Powered by | India's No.1 Payroll and HR Software.
9000+ Clients
150 Cities
10 Lakh+ Users