INCOME TAX AND TAX BENEFITS FROM LIC FOR WOMEN
LIC offers some of the best plans for the current generation young working women force. You can save tax for all the investments made in LIC of India.
Jeevan Labh is an Endowment plan with lesser premium paying term with the option of paying a premium monthly, quarterly, biannually or annually.
Premiums paid towards most traditional LIC plans are eligible for Tax rebate under Section 80C each year upto Rs.1,50,000. The Maturity/ Death claim paid under these plans is 100% Tax-free under Section 10(10d)