Question:

Ulip And Tax Rebate?

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Members please answer my following questions

a) I have a single premium ULIP plan of LIC ,without risk cover ,how much tax rebate will I get ?

b) I have a single premium ULIP plan of LIC ,with risk cover ,how much tax rebate will I get ?

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  1. You can get the rebate under both the plans. Investments in ULIP plans get tax exemption under Section 80(c) of the Income Tax act.


  2. a. 100% as it should be a pension plan.

    b. it will be 20% of sum assured.
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