Navigate Up
Sign In
Skip Navigation Links
Tax Benefits
Search :
E.g.: Life Insurance
Insurance Plan I am looking for :

Tax Benefits

Tax Benefits - IDBI Federal Life Insurance
Maximise your tax benefits

Life insurance and retirement plans are one of the most effective ways of saving taxes.

A summary of these benefits is provided below:

  • Life Insurance Plans and certain types of annuity plans are eligible for deduction under Section 80C.
  • Specified Pension Plans are eligible for a deduction under Section 80CCC.
    The contributions/payments made towards the life insurance plans and annuity/pension plans are eligible for an overall tax deduction of Rs.1,50,000.
  • Health Insurance Plans/Riders are separately eligible for deduction under Section 80D.
  • The proceeds or withdrawals from Life Insurance Policies are exempt under Sec 10(10D), subject to norms prescribed in that section.

*Please note that tax laws and benefits under the said laws are subject to change. Please consult your tax advisor for the latest tax benefits on Life Insurance plans.

Pay Online
You can pay your premiums swiftly and safely, just follow these 3 simple steps. It’s really simple and convenient.