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Home / Insurance & Tax

Special Provisions

Section 80 DD of the Income Tax Act and Life Insurance policies held by Policyholders with Handicapped dependants

LIC has also made special provisions for a dependants of a handicapped policyholder. Section 80 DD provides relief to individual resident taxpayer who has a handicapped dependant person to support. 

Such an individual can pay or deposit with any scheme framed by LIC in this behalf for any scheme framed by LIC in this behalf for maintenance of handicapped dependant. 

The maximum fixed deduction of Rs.40,000/- is allowed under this plan. LIC's Jeevan Adhar provides this maintenance.

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