Law

How to avail term insurance tax benefits under Section 80C and 80D of Income Tax Act, 1961

How to avail term insurance tax benefits under Section 80C and 80D of Income Tax Act, 1961

We all plan to have our investments in good shape so that we can use all of them to support the dreams of our loved ones. One of the top investment options these days that can give your family a high return is term insurance. The best thing about term insurance is that it will support your family even when you are not around. Once you buy a term insurance plan, you have to pay premiums every month, half-yearly, or even annually. In case of your demise within the tenure of the term insurance, your family will be able to…
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