Term Insurance Policy

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

asked Apr 06 '11 at 02:20 by tonnimukh 1111

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.

answered Apr 06 '11 at 07:56 by Pankaj Batra 5.2k320


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Asked: Apr 06 '11 at 02:20

Seen: 1,986 times

Last updated: Apr 06 '11 at 08:04