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:
- Our life insurance plans are eligible for tax deduction under Sec. 80C.
- Our Pension plans are eligible for a tax deduction under Sec. 80CCC.
- Our health insurance plans/riders are eligible for tax deduction under Sec. 80D.
- The proceeds or withdrawals of our life insurance policies are exempt under Sec 10(10D),
subject to norms prescribed in that section.
To know more about the tax benefits, click here
