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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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Glossary
Section 80C: Deduction on ULIP premiums up to ₹1.5 lakh within the overall limit; reduces taxable income Section 10(10D): Tax-free maturity/death proceeds if eligibility conditions (like premium thresholds) are met