LIC has launched new policy "Market Plus". Is there any tax benefit on it.?

If so could you please tell me under which section it falls?

Answer:
Tax benefit is available only if the following two conditions are satisfied:
1. Sum Assured is more than 5 times the Annual Premium of the Policy; and
2. Minimum lock in is three years or more.

If both the conditions are satisfied then tax benefit will be available.

For more contact me at coolapurav@yahoo.com
YES THERE IS A TAX BENEFIT FOR THIS POLICY
Ask them , they should have a tax ruling from tax office itself.

If they do not have a ruling they can ask for one.

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