Customer Profile
Total Cover: ₹0
Total Cover: ₹0
Section 10(10D) exempts ULIP maturity proceeds only if the annual premium does not exceed ₹2,50,000 and the Sum Assured is at least 10x the annual premium. If either condition fails, gains are typically taxed as capital gains, similar to an equity mutual fund.
| Year | Premium | Mortality | Other Charges | FMC | GST | Fund Value (EOY) | Surrender | Death Benefit |
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This calculator provides an educational estimate only. Mortality charges use a simplified, illustrative age-based rate table and are not a substitute for an insurer's actual rate card. Fund Management Charge, admin charges, and GST treatment are approximated and will vary by insurer and product. The lock-in period reflects the standard IRDAI-mandated 5-year ULIP lock-in. Tax treatment is based on Section 10(10D) rules as generally understood and is not tax advice — please consult a chartered accountant or licensed advisor, and refer to the official Benefit Illustration provided by the insurer, before purchasing.