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ULIP Tax Benefits
Under Section 80C, the premiums paid towards your ULIP are eligible for a tax deduction of up to ₹1.5 lakh per year, helping reduce your taxable income.
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How to Choose the Right ULIP Plan?
Check Out the Tax Benefits: Investing in ULIP offers tax benefits . You can claim a deduction on your ULIP premiums of up to ₹ 1.5 lakh per annum, subject to conditions prescribed under Section 80C of the Income Tax Act, 1961 . Additionally, the maturity benefit is exempted subject to conditions prescribed under Section 10(10D)* of The Income Tax Act, 1961, which further maximises your tax efficiency.