Tax Benefits of Life Insurance You’re Probably Missing

Life insurance does more than protect—it saves taxes too. Don’t leave money on the table.

  • Section 80C deduction
    ₹1.5 lakh premium qualifies annually, covering term, ULIP, or endowment plans for salaried folks.

  • 10(10D) tax-free maturity
    Unlike FDs, payouts come tax-free—huge for child’s education or retirement corpus building.

  • Extra 80D for health riders
    Women claim up to ₹25k for parents; child ULIPs double-dip 80C + 10(10D) legally.

  • NPS comparison
    NPS adds 80CCD(1B) ₹50k but locks funds; pure term maximizes coverage without tax breaks.

File before FY-end—unlock savings your policy already earned.

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