Term insurance policies offer tax
benefits on the premiums paid under section 80 C of the Income Tax Act, 1961 and tax -
free payment
to your
nominee in case of
death under Section 10 (10D) of the Income Tax Act.
The Sum Assured /
Death Benefit paid to the nominee / beneficiary in case of death of the insured is tax free under Section 10 (10D) of the Income Tax
Death Benefit paid
to the
nominee / beneficiary in case of
death of the insured is tax free under Section 10 (10D) of the Income Tax
death of the insured is tax
free under Section 10 (10D) of the Income Tax Act.