Tax Savings
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Investing in a fruitful insurance plan can help manage your financial goal as well as assist you saving on taxes.
- For Individual - Life Insurance is indeed an essential tool to cover the risk of uncertainties of life. As per section 80C, the premium paid for a life insurance is eligible for deduction of up to Rs.1.5 lakhs per annum.
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For Business - The premiums you pay for an insurance in your business can be deducted as operating expense, such as:
- Workers compensation insurance.
- Medical insurance for employees.
- Business interruption insurance etc.
