4 Replies to “Is there any tax deduction on the purchase of LIC market plus policy?”

  1. Yes 80C deduction is available. This year you can invest extra Rs 20,000 in INFRA BONDS. Maximum available from this year is 1.2 lakhs under 80C .

  2. LIC market plus policy is a unit-linked deferred pension plan. It is neither a ULIP nor a ELSS.

    The investment is eligible for deduction u/s 80CCC which is a part of sec 80C.


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