Though term plans are pure risk covers and have no saving element attached to it, you can avail tax benefit both for the premiums paid and the death benefit payout, under section 80(C) and u\s 10(10)D.
The major reasons why Life insurance remains unclaimed is because the nominees are not aware of the policy. Recent data says at least 41% of claim intimations are made after 6 months of the death of policyholders.
Though this recent RBI development will relatively bring down the risk of card-skimming and other banking frauds, people, however, should take these necessary measures to avoid falling prey to any of such frauds.
The National Highways Authority of India (NHAI) plans to raise Rs 10,000 crore as per the draft document filed with the Securities and Exchange Board of India (SEBI), for public issue of taxable, secured redeemable non-conver
If you are going opting for more benefits while porting, the premium of the new policy could be higher on account of added benefits. Also, watch out that you do not lose significant benefits in the new policy.
Various tax changes were brought in 2018 such as Interest Deduction for Senior Citizens, Long-Term Capital Gains and Tax on dividends from equity mutual funds. If you are planning to save tax, find out what all affects yo