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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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Top 5 ULIP Tax Benefits You Should Know
80C Deduction on Premiums: Premiums for eligible ULIPs qualify for deduction under Section 80C up to ₹1.5 lakh within the overall limit. This reduces taxable income in the contribution year. Keep total 80C allocations efficient so ULIPs don’t crowd out higher-priority commitments.