News From Press Ulips with annual premiums of over Rs 2.5 lakh to be taxed like equity MFs. Here’s what it means for policyholders

Ulips with annual premiums of over Rs 2.5 lakh to be taxed like equity MFs. Here’s what it means for policyholders

Source: Moneycontrol Feb 4, 2025

Budget 2025 provided much-needed clarity around taxation of redemption or maturity proceeds of unit-linked insurance policies (ULIP) where the aggregate premiums paid during the year exceed Rs 2.5 lakh. Put simply, ULIPs that do not qualify for tax exemption under section 10(10D) will now be treated as equity-oriented mutual funds.

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