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Savings in insurance is not only limited to saving tax, but the connection has the problem that insurance is a safety net that can protect them in a plan and a defined plan.
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There are also many tax saving options right from investing in PEPF to ELSS Mutual Fund schemes, National Pension Enrollment (NPS), Tax Saving Fixed Deposits (FD) etc.
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There is also an important tax-saving tool, which is always overlooked by consumers, and that is the Return Savings Plan.
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These plans can assist in saving at three stages: during payment, accumulation and withdrawal. Savings in insurance should not be limited to tax savings only, but the connection should be due to
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Insurance is also a safety net that can protect them in planning and prescribed courses; The added benefit of saving tax is just icing on the cake.
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ax benefits are similarly available for health insurance policies. Under section 80D, a liability on healthcare coverage and payment of health insurance premium can be availed.
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Taxpayers can save Rs 25,000, Rs 50,000, Rs 75,000 or Rs 1 lakh depending on the person covered. Provided under life insurance policy under section 80D
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Tax deductions can also be availed for both types of health insurance policies, and definition benefits, where a fixed amount is paid as a claim,
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Shocks and, where claims on the basis of medical expenses under the overall sum insured are also paid correctly.