Paragraph match score 86.0%
Page A-465
Conditions and Limits for Claiming Life Insurance Tax Benefits
For non-ULIP policies issued on or after 1 April 2023, the exemption also requires your aggregate annual premium across such policies to stay within ₹5 lakh (₹2.5 lakh for ULIPs)
Page A-390
Life Insurance Tax Benefits Under the Income Tax Act, 1961
Furthermore, for ULIPs issued after 1 February 2021, the exemption is available only if the annual premium does not exceed ₹2.5 lakh. For ULIPs issued after 1 February 2023, this limit is ₹5 lakh.