How To Save Tax Through Life Insurance?
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Table of Contents
Life insurance and its three-fold tax benefit3
Tax benefits3 under section 80C
Tax benefits3 under section 80D
Tax benefits3 under section 10(10D)
Additional conditions
BE PREPARED FOR EVERY MAJOR MILESTONE IN LIFE - AND SAVE TAXES ON THE WAY TOO!
About Author
for Salaried Individuals¹
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Disclaimer
ABSLI Salaried Term Plan (UIN:109N141V01) is a non-linked non-participating individual pure risk premium life insurance plan; upon Policyholder’s selection of Plan Option 2 (Life Cover with ROP) this product shall be a non-linked non-participating individual savings life insurance plan.
1LI Age 21, Male, Non Smoker, Option 1: Life Cover, PPT: Regular Pay, SA: ₹ 1 Cr., PT: 10 years, Premium paying term: 10 years, Annual Premium: ₹ 5900/- ( which is ₹ 491.66/month) Premium exclusive of GST. On death, 1 Cr SA is paid and the policy terminates.
3Tax benefits are subject to changes in tax laws. Please consult your financial advisor for the same.
ABSLI Guaranteed Milestone Plan (UIN: 109N106V08) is a non-participating traditional insurance plan.
ADV/6/21-22/450
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