Tax benefit is calculated at the maximum marginal rate of 33.99% including surcharge and education cess. Tax benefits are subject to conditions 80CCC, 80C, 80D and 10(10D) of the Income Tax Act, 1961. The tax rates for Financial year 2008-09 becomes effective, only after the Finance Act 2008 is passed in the parliament and receives the assent of the President of India. Tax laws are subject to amendments from time to time. Commutation of pension on vesting date is tax free under section 10(10A) of the Income Tax Act, 1961, amount received on surrender, as pension is taxable as income. © 2008 ICICI Prudential Life Insurance Company Limited. Reg. Off.: ICICI Pru Life Towers, 1089 Appasaheb Marathe Marg, Prabhadevi, Mumbai 400025. Tel.: 40391600. Regn. No. 105. Advt. No.: E/IA/51/2007-08