Life insurance is one of the most popular savings/ investment mediums available
in India. Ironically, it is probably the least understood too. An insurance policy
offers much more than just tax planning and investment returns. It offers you the
ability to plan for unforeseen events and protects you from unfortunate losses.
Tax benefits are as per the provisions of the Income
Tax Act, 1961 and the same are subject to amendments made thereto from time to time.
Please consult your tax consultants for more details.