ULIP Information

Four Years back I have started investing Aviva Life Insurance with Rs. 5000 Per Month. I have taken Tax Benefits from it as well for past 4 Years. But the problem with ULIP is that you have to keep on Investing in it for a long time. Now after 4 years of Investments (My Policy Term is 20 Years), I dont want to invest anymore in it and want to take out my money.

Just want to ask if this is a wise action and if I take out my Money, will I atleast get the amount which I have invested?

Also the Tax Benefits that I have taken for past 4 years, do I need to give them back to IT Deptt.

I am not absolutely clear about this. So any wise person can recommend me something will be really Helpful.

 

Regards.

Replies (1)

You are entitle only for 4 year fo tax benifits coz u are not invest any amount of ulip in future.

and

As per Aviva life Insurance Terms and Conditions you have fullfill like Minimum Terms...Approx 80 to 90% deposit amount refund

and

You can filll last 4 yera income tax revised return then credit to yearly amount not exceded to 100000 (Total Investing)

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details
Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details
Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details
Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details
Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details