Save tax on life insurance
Tax benefits on life insurance
- Premiums paid under a life insurance policy are eligible for deduction under section
80C*. You can save tax up to INR 30,900*
Contributions to a pension plan are eligible for deduction under Section 80CCC*
Get tax free maturity amount and death benefit under section 10(10D)
*Assuming Income Tax slab of 30% and surcharge of 3%. *As per the prevailing law, the aggregate amount
of deduction under Section 80C and 80CCC shall not exceed One Lakh Rupees.