Tax benefit on pure term plan | Value Research You can claim tax deduction of up to Rs 1.5 lakh on the premium paid for the term life insurance cover under Section 80 C of the Income Tax Act
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Tax benefit on pure term plan

You can claim tax deduction of up to Rs 1.5 lakh on the premium paid for the term life insurance cover under Section 80 C of the Income Tax Act

What is the tax exemption limit for pure term plan?
- Lalit

You can claim tax deduction of up to ₹1.5 lakh on the premium paid for the term life insurance cover under Section 80C of the Income Tax Act. Death benefit is also tax-free under Section 10 (10d) of the Act.


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