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Life Insurance

Life insurance is a mutual contract between an insurer and a policy holder in which the insurer guarantees payment of a death benefit to named beneficiaries if something happens to the policy holder. APART FROM FINANCIAL PROTECTION WE CAN GET TAX DEDUCTIONS UNDER SEC. 80C & 10(10D).

Key Points

• Tx Saving Under sec 80C & 10 (10D)
• Guaranteed maturity

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