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Online Life Insurance Policies and Tax Benefits

Get Income tax saving benefits by investing in online life insurance policies under section 80C/80CCC & 80D/80DDD. Policy holder is eligible for tax benefits under the Income Tax Act 1961. Read more at: https://www.edelweisstokio.in

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Online Life Insurance Policies and Tax Benefits

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  1. Online Life Insurance Policies and Tax Benefits Edelweiss Tokio Life Insurance

  2. Why Life Insurance? It never too late to buy life insurance. We at Edelweiss Tokio Life are determined to provide you with the best insurance plans which are tailor-made to suit every stage of your life. Death may be unavoidable, but the least you can do is invest in an ideal life insurance plan, providing a secure financial future to your family in your absence.

  3. Online Life Insurance Policies and Tax Benefits When you buy a Life Insurance policy, the insurance company promises to pay you a specified amount on maturity of the policy, or death. It is a financial instrument that lets you invest for the long term, and helps you achieve all of your goals like Peaceful Retirement Buying A House Medical Contingency Fund

  4. Buying online life insurance for you and your family is imperative to the success of your financial plan and one of the most important decisions you must make, if not already made. Still, only 3.4% Indians are insured. It doesn’t matter how much your current income is, you can never know what can happen in the future. If you pass away prematurely because of an illness or an accident and don’t have a life insurance plan to provide your family with financial assistance, it could have devastating consequences on your family’s future. They won't be able to pay for household expenses, education, medical emergencies or any other expenses. Apart from providing a life cover and financial assistance, a life insurance plan works as a great tool to save a huge amount of tax. All insurance plans are tax-saving by nature. The premium you pay for your Life Insurance policy is tax deductible (up to Rs 1.5 lakhs) under section 80C of Income Tax Act, 1961. Even the proceeds from claims (in case of death) or maturity amount of all such policies are tax-exempt under section 10(10D) of the Income Tax Act. A Life Insurance Plan is an excellent tool for both life cover and saving taxes on your investments. It allows you to save regularly in a disciplined manner and increase your savings to build your wealth over time. You can add different insurance riders to your policy like the Critical Illness Rider, Total or Permanent disability, etc. These help you to customize your policy according to your lifestyle and your current life situation.

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