Non term insurance plan fate with DTC

POSTED BY kalyan ON September 29, 2010 11:06 am COMMENTS (2)

Hi,

What happens to the non-term insurance plans taken before 2012 (DTC effective year),

Will the premium paid to them is still eligible for tax exemption after 2012…?

2 replies on this article “Non term insurance plan fate with DTC”

  1. kalyan says:

    Thanks…

  2. As per draft of DTC, the premium paid in ULIP after 2012 will be exempted under sec80c, but with the limit of Rs.50,000 p.a. This amount also includes child school fees & mediclaim premium.

    Still, everything will be cleared in winter session or next budget.

    Hope it will help you.
    MoneySavingsHelp.com

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