September 29, 2010 11:06 am
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…?
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.
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