Term Insurance Policy

tonnimukh 1
Viewed 1450

Dear Pankaj,

Please advise if premium paid towards term insurance policy is eligible under Sec 80C? What happens if I outlive the tenure of term insurance? Do I still get a sum assured value like a regular policy?

Thanks Tonnie

term-insurance exemption income-tax
1 Answers

Yes, Premium paid towards term policy is eligible under section 80-C.

If you outlive the tenure of pure term insurance, you will get nothing.

Pankaj Batra5212
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