|
|
|
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.
|
| |
|
|
|
| |
|