|
Tax Benefits on Insurance and Pension Life insurance and retirement plans are effective ways to save taxes when doing your year end tax planning.
To assist you in tax planning, the tax breaks that are available under our various insurance and pension policies are described below:
- 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.
Invest in ICICI Prudential Life insurance and retirement plans and avail of these tax planning services to save tax at your year end tax planning!
To know more about other tax benefits offered by insurance, please visit www.simplyknowtax.com
|
