Poonawalla fincorp
Poonawalla fincorp

Ulip taxation

This query is : Resolved 
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(Querist)
07 June 2021 Hi

I have ulip starting 2018. Paid 3 years premium. I want to discontinue ulip. Will fund value at end of lockin period be taxable or tax free?

Thanks,
Sohini
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Dhirajlal Rambhia online

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Dhirajlal Rambhia online (Expert)
24 September 2021 Its taxable ....
Minimum 5 years are required for any part of it to be taxfree.

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