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Real Estate Forum on Service Tax On Life Insurance Coimbatore

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Details about service tax on insurance policy in coimbatore for 2015
Q: Do we have to pay service tax on traditional life insurance policies now? I really hope this isn't true!

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Latest Answer: Though the service tax will not impact the annual premium amount, it will result in lower units for ULIPs. The tax will be adjusted by deducting the equivalent units from your account or by levying the same on the investment fund held by and on your behalf.
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