Deduction u/s. 80c - ulip
This query is : Resolved
13 March 2013
Hi Experts!
Please advise how deduction will be calculated u/s. 80C in case of ULIP. e.g. preimium towards ULIP p.a. is Rs. 10000/- and sum assured is Rs. 50000/-. Do we need to restrict the benefit up to 10% of assured value in case of ULIP? or it is applicable to life insurance policy only?
Thanks in advance.
Ramesh
Please advise how deduction will be calculated u/s. 80C in case of ULIP. e.g. preimium towards ULIP p.a. is Rs. 10000/- and sum assured is Rs. 50000/-. Do we need to restrict the benefit up to 10% of assured value in case of ULIP? or it is applicable to life insurance policy only?
Thanks in advance.
Ramesh
13 March 2013
Restriction of 10% also applicable for ULIP.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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