Sec.10 (10D) Tax Benefit not available to PaidUp policy ? ZPaid

_Hi,

_{In an ULIP policy taken in 2016 with a premium of 5 Lakh pa. and insured cover of 50 Lakhs.(i.e.= or Less than 10%)}

_{After paying premium for more than 6 yrs it is converted to Paid up.}

_{Now the Insurance Co.is claiming that Insured cover after conversion of policy to Paid-Up Benefit of Sec 10 (10D) are not applicable and TDS will be Deducted on the Maturity Paid-Up value, whether encashed before Maturity or on the Maturity as the Sec. is Void due to Insurance Co. Reducing the Insurance Cover on conversion of policy to Paid-Up ? ?}