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Home / Insurance & Tax

Introduction

• Insurance creates financial provisions for the deceased's dependants.
  
  
• Insurance provides for the policyholder's old age after his earning power diminishes. After all, interest rates may fall and invested holdings may lose value and stop gaining dividends, but the value of an insurance policy once set, never reduces.
  
  
• Insurance also provide a legally authorised way to reduce the incidence of Income Tax.

With a view to promote savings and increase awareness regarding insurance, the government has provided certain benefits through the Income Tax Act for tax payers if they choose to opt for life insurance policies.

If you plan for your future in a prudent manner, you can maximise the returns on your insurance portfolio.

Shouldn't you know the features of the Income Tax Act with reference to their effect on Life Insurance policies? Click here for more...

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