A Life Insurance policy is one of the most preferred investment avenues in India as it helps in tax planning. However, when you invest in a life insurance policy, don't measure it in terms of "tax benefits"*; measure it in terms of "life benefits" that it has to offer.

Your life is your greatest investment and your family is your biggest asset. And when you invest in a life insurance policy you ensure a financially secured future for your loved ones. Hence, before you invest in anything, invest in your life.

• Comprehensive financial protection against unforeseen events for your family


• Tax benefits* on your monetary investments

• Deductions


• Exemption

– Sec 80C
Deduction is available amounting to Rs. 1,50,000/-.The deduction would be available for

• Where parents are aged below 60 years Rs. 25,000/-


• Where parents are aged 60 years & above Rs. 50,000/-

– Commuted pension: 10(10A)(iii)

Commuted Pension received from Pension fund (Pension Plans approved by IRDAI) would be tax-free

– 10(10D)

• Any sum received from Life insurance policy as maturity proceeds, death benefits is tax free subject to fulfillment of the conditions mentioned therein.


• Proceeds of key man insurance is taxable. A keyman policy will remain keyman policy even after assignment of the policy.


• An Insurance policy in respect of which the premium payable for any of the years during the term of the policy exceeds 10 % of the actual capital sum assured will not be eligible for Sec 10(10D)^* benefit. This will not be applicable for any sum received on the death of a person.

Basic exemption limit for Men/Women below 60yrs/Sr. Citizen upto 80yrs/ Sr. Citizen above 80yrs is Rs. 2.50 Lakhs, 3.00 Lakhs & 5.00 Lakhs respectively.

An additional deduction under section 80D for the health insurance of parents is available to the extent of Rs 25,000 if they are less than 60 years of age, or Rs 50,000, if parents are aged above 60. If both the taxpayer and the parent are aged more than 60 years, the maximum deduction that can be availed under this section is to the extent of Rs 1,00,000.