Know what is insurance

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