ULIP Maturity Benefits - Know Tax Implications On Your ULIP
One of the prime reasons for investing in a Unit Linked Insurance Plan (ULIP) is to achieve your life goals. Moreover, in case of death of the policyholder, the nominees receive a death benefit thereby securing the financial goals of their loved ones even in their absence. However, if the policyholder survives the policy, he gets the maturity benefits. Moreover, you can claim deduction up to Rs. 1,50,000 on taxable income under Section 80C of the Income Tax Act, 1961, subject to provisions stated therein.