Paragraph match score 86.8%
Page A-978
Key Takeaways
ULIP premiums qualify for tax deductions of up to ₹1.5 lakh under Section 80C ULIP maturity and death benefits may be tax‑free under Section 10(10D) , under suitable conditions
Page A-985
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