Pradhan Mantri Jeevan Jyoti Bima Yojana – Life insurance coverage of Rs 2 Lakhs @ 330 per year

In our last article we have discussed about Pradhan Mantri Suraksha Bima Yojan, accidental death and disability coverage @ Rs 12 per year. In this article we will let you know about Pradhan Mantri Jeevan Jyoti Bima Yojana, life insurance coverage of Rs 2 laksh by paying Rs 330 per year Pradhan Mantri Jeevan Jyoti … Read More » "Pradhan Mantri Jeevan Jyoti Bima Yojana – Life insurance coverage of Rs 2 Lakhs @ 330 per year"

Pradhan Mantri Suraksha Bima Yojana – Accidental death and disability coverage @ Rs 12 per year

Prime Minister Narendra Modi has launched three schemes for the benefits of Indians.  All saving bank account holders must have received SMS from their bank to enroll for the schemes.  Here are these three schemes; Pradhan Mantri Suraksha Bima Yojana (PMSBY) Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) Atal Pension Yojana (APY) Pradhan Mantri Suraksha … Read More » "Pradhan Mantri Suraksha Bima Yojana – Accidental death and disability coverage @ Rs 12 per year"

Life Insurance Premium – Income Tax Deduction u/s 80C of Income Tax Act

Many people in India invest in a Life insurance with a view to save tax as the policy holder can claim up a maximum of Rs. 1, 00,000 as tax deduction from his taxable income under section 80C of Income tax act, 1961. Deduction for life insurance is applicable only when the policy holder has … Read More » "Life Insurance Premium – Income Tax Deduction u/s 80C of Income Tax Act"

Tax eligibility in the case of insurance premium paid for Parents

Income Tax Deduction for life insurance premium is available under section 80C of IT Act, 1961. Under this section premium paid to ensure your life, life of your spouse and any of your child is eligible for income tax deduction up to a maximum of Rs. 1, 00, 000. As no specific deduction is available … Read More » "Tax eligibility in the case of insurance premium paid for Parents"