I have an ICICI LifeTime Super Pension ULIP which I started in Dec 2007. I have made some switches in the ULIP (between maximizer, balancer and protector schemes) over the years and last week I made a 100% switch to the ‘Pension Protector Fund II’. If I were to redeem the entire units in the policy now (Or say one year from now if that makes any difference), how much tax would I need to pay? I basically need to know if there will be different taxation rules applied given the fact that 100% of the money is now allocated to debt instruments in the ULIP policy.