Site icon Jagoinvestor

Tax implication on Unit Linked Investment Plan from Max New York Life Insurance

Dear Sir

I have purchased a Unit Link Investment Plan from Max New York Life Insurance Co, on 28th February 2008. The face value of the Plan is 150000.00 whereas the Annual Premium is Rs.20000/- i.e Rs. 5000/- quaterly. Recently in the month of Sept. 2012 I have surrendered the said policy. I would like to know the income tax implication for the A.Y. 2013-14

Exit mobile version