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Benefits
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| Particulars | Description |
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Death Benefits
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The purchase price will be returned upon death without interest.
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Survival Benefit
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Annuity will be payable till the annuitant is alive.
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Loan against policy
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No loans will be granted under the policy.
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Surrender Benefit
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The policy does not acquire any surrender value.
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Tax Benefits
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| Section | Description |
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SEC 80 CCC
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Section 80 CCC allows to individual, tax deduction for amount paid during the financial year out of income chareable to tax, towards specified pension plan. Maximum deduction allowed is Rs. 100,000.
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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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