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Is ulip exempt???

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(Querist)
10 March 2013 HELLO FRINDS I WANT TO ASK ONE QUERY. I HAVE TAKEN ULIP IN 2006 WITH 3 YEAR LOCK IN PERIOD THE POLICY WAS FOR 10 YEAR. NOW I WANT TO SURRENDER MY POLICY .SURRENDER AMOUNT IS AROUND 200,000/- WHICH IS BASED ON FUND VALUE I.E NAV PLEASE TELL IS IT TAXABLE OR EXEMPT? WITH EXPLANATION & SECTION >
THANKS & REGARDS
mannu
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
10 March 2013 that should depend on the scheme specific factors..please check the scheme offer document.
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