Tag: Claim on ULIPs

Though many policyholders opt for insurance plans to secure a life cover or to create wealth, ULIPs offer much more than that. Apart from the investment opportunity, you can avail tax perks on your insurance policy. Such tax-saving chances are available on the death benefit, ULIP premiums, maturity payout and more. Let’s understand the various aspects of a Unit-Linked Insurance Plan that enable you to save on taxes Tax benefit on the ULIP premium With a ULIP plan, you can enjoy the benefits of claiming the entire premium as a…

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