I have purchased ULIP in August 2019, ie. before the Amendment effective on February 1, 2021. If I sell the ULIP afyer the lock-in-period of 5 years (ie. before the policy maturity period of 10 years), what will be the taxation rule under the new tax regime?
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ULIP Taxation after 5 years
Replies (1)
It will be tax exempt.
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