| Applicable If |
All life insurance plans gives you the tax benefit
|
| Conditions |
You should have Life Insurance Policy |
| Max Deductions |
Complete amount invested in life insurance policy is tax free.
Payout from life insurance policy is tax free.
|
| Limitations |
Go for plan which is suitable to your life and your financial planning.
You need not buy every year new policy.
If you think that you have already invested enough in life insurance plan but want to invest again then you should go for ULIP plans. |