Me aged 58 want to get deduction under 80ccc of IT rules towards the single premium of Rs1,00,000 in MARKET PLUS1 under ULIP of LIC of india. Is it permissible? Also, me wants to withdraw the amount in full, after a lock in period of 3 years, along with the benfits, if so the amount to be recieved is taxable? Please clarrify. Thank you.