REGARDING TAXABILITY OF MATURITY AMOUNT OF ULIP
This query is : Resolved
19 July 2025
If unit linked insurance policy issued on or before 01/2/2021 and maturity amount is received then whether such amount is exempt under section 10(10D) ?
19 July 2025
Yes.
ULIPs issued on or before February 1, 2021:
All maturity proceeds are tax-free under Section 10(10D) of the Income Tax Act, regardless of the total premiums paid during the policy term.
ULIPs issued on or before February 1, 2021:
All maturity proceeds are tax-free under Section 10(10D) of the Income Tax Act, regardless of the total premiums paid during the policy term.
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