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Maximum Deduction of Income Tax From Life

 

Insurance Plan:

 

Applicable if

·All Life Insurance Plans gives you the tax benefit

Conditions ·You should have Life Insurance Policy
Max Deductions

·Complete amount invested in Life Insurance Policy is tax Free.
·Payout from life insurance policy is tax free.

Limitations

·  Go for plan which is suitable to your life and your financial planning.
·  You need not buy every year new policy.
·  If you think that you have already invested enough in life insurance plan  but want to invest again then you should go for ULIP plans.