ULIP Taxation after 5 years

A P (1 Points)

11 July 2024  

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?