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  1. S

    Beware of Insurance/Assured Premium and sum assured when availing for 80 C deduction

    Almost all insurance plans and Savings assured plan (like Kotak Savings Assured Plan)
  2. S

    Beware of Insurance/Assured Premium and sum assured when availing for 80 C deduction

    https://economictimes.indiatimes.com/wealth/insure/is-your-single-premium-life-insurance-policy-eligible-for-tax-benefits/articleshow/57427124.cms
  3. S

    Beware of Insurance/Assured Premium and sum assured when availing for 80 C deduction

    Consider you have taken an Insurance/Assured plan with following criteria Basic Sum Assured: Rs 5,00,000 /- Yearly premium: Rs 60,000 /- Your company will only consider 10% of Sum Assured for Income tax declaration. So even though you paid Rs 60,000 /- you will now get benefit of only Rs...
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