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Tax benefits available

Posted By PolicyPartner.in Team

What are the tax benefits available?

Life Insurance as a tax saving tool, offers savings under various sections of the income tax act. Some of the key tax benefits offered are as follows:

o All life insurance plans are eligible for tax deduction under Sec. 80C.
o All Pension plans are eligible for a tax deduction under Sec. 80CCC.
o All  health insurance plans/riders are eligible for tax deduction under Sec. 80D.
o The proceeds or withdrawals of our life insurance policies are exempt under Sec 10(10D),
subject to norms prescribed in that section.

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