Members please answer my following questions
a) I hold a single premium ULIP plan of LIC ,without risk cover ,how much charge rebate will I get ?
b) I hold a single premium ULIP plan of LIC ,with risk cover ,how much charge rebate will I get ?
Answers: a. 100% as it should be a allowance plan.
b. it will be 20% of sum assured.
You can get the rebate below both the plans. Investments in ULIP plans seize tax exemption lower than Section 80(c) of the Income Tax act.
a) I hold a single premium ULIP plan of LIC ,without risk cover ,how much charge rebate will I get ?
b) I hold a single premium ULIP plan of LIC ,with risk cover ,how much charge rebate will I get ?
Answers: a. 100% as it should be a allowance plan.
b. it will be 20% of sum assured.
You can get the rebate below both the plans. Investments in ULIP plans seize tax exemption lower than Section 80(c) of the Income Tax act.