Unit linked insurance policy redemptions to insurers included under amendment to section 97, covering sale, surrender or redemption events. Amendment expands clause (13) of section 97 to include sale, surrender or redemption of a unit of an equity oriented fund to an insurance company on maturity or partial withdrawal with respect to a unit linked insurance policy issued on or after 1 February 2021, and inserts clause (13A) defining unit linked insurance policy by reference to Explanation 3 of clause (10D) of section 10 of the Income-tax Act, 1961.