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Benefits
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| Particulars | Description |
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Death Benefits
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In the unfortunate event of death of the life insured within the policy term, the policy will pay the sum assured chosen at inception. The policy will terminate after paying the death benefit.
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Tax Benefits
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| Section | Description |
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SEC 80 C
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Under Section 80 C premiums up to Rs. 100,000 are allowed as deduction from taxable income.
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SEC 10 (10)D
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Maturity and Death Benefits are tax free under section 10 (10) D of the Income Tax Act, 1961.
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