are surrender values of LIC ulip plans taxable after 3 years ?



I surrendered 2 LIC ULIP plans after completing 3 years. One plan is Moneyplus and the other one is Marketplus. Are the surrender values taxable?

are surrender values of LIC ulip plans taxable after 3 years ?
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2 Replies to “are surrender values of LIC ulip plans taxable after 3 years ?”


  1. Yes the surrender values are taxable. LIC may not deduct the tax but you have to declare the same in your income for the financial year.





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