Points to Note

Consumer Voice - - Bfsi -

the tax ben­e­fit un­der Sec­tion 80 C is avail­able only if the an­nual pre­mium is at least 10 per cent of the sum as­sured. Sin­gle-pre­mium plans also en­ti­tle in­vestors to tax-free death/ma­tu­rity ben­e­fits un­der Sec­tion 10 (10 D) if the min­i­mum sum as­sured through­out the pol­icy term re­mains 10 times the sin­gle pre­mium paid.


the pol­icy in favour of the lend­ing institution as se­cu­rity for the loan.

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