Term insurance offers financial security and additional advantages like tax benefits. Under Section 80C of the Income Tax Act, premiums paid for term insurance qualify for deductions up to ₹1.5 lakh annually. Additionally, under Section 10(10D), the maturity amount is tax-free if conditions are met. Opting for a term insurance plan not only secures your family’s future but also helps in reducing your taxable income. Explore term insurance tax benefits today for a smarter financial plan!
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