What will be the Tax treatment for ULIP surrendered after 4 years? Also, can the loss be booked under Long Term Capital Loss?

ULIPs have a lock-in period of 5 years. surrender before 5 years attracts income tax and withdrawal of previous tax deductions (if availed). surrender after 5 years is fully tax-free.

thank you for the reply. but can i book the loss unde long term capital loss as the ULIP was 100% investment in equities.