InvestorQ : Are there any tax benefits offered on life insurance policies?
simran Kaur made post

Are there any tax benefits offered on life insurance policies?

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Rishita Das answered.
4 years ago
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Yes, the premiums paid by a policyholder are deductible under Section 80C, Section 80CCC, Section 80D, Section 80DD and death benefits are tax exempt Section 10(10D).

The tax benefits are subject to prevalent provisions of the Income Tax Act, 1961.

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