Insurance Policies with 10(10D) and 80C Tax exemptions

Insurance Policies with 10(10D) and 80C Tax exemptions

August 30, 2019 7:02 am,

Are you planning to invest money and save Tax? Then, this article helps you regarding tax savings. Do you know all most all Insurance policies comes with Tax exemptions under various sections of Income-tax? So, here we have taken 10(10D) and 80C exempted Policies. Hence, these policies do provide Life cover along with Tax benefits.

So, refer to the article to understand more about Tax exemptions policies. We have considered the most sought after HDFCLife Insurance policies. Because these plans come with maximum returns along with tax savings.

10(10D) and 80C exempted Policies

1.HDFC Life – Click2Protect 3D plus – Term Plan

This plan provides:

  • Comprehensive coverage for life long protection including 3D – Death, Disease or Disability
  • Customization of the plan with 9 different options
  • Flexibility to choose the policy and premium payment terms
  • Increased insurance coverage without medicals for certain types of options
  • Flexibility to increase coverage every year through the top-up option
  • Special premium rates for female individuals
  • So, this plan provides tax benefits for a premium paid under Section 80C of the Income Tax Act, 1961. The benefits received from the plan are exempt under Section 10(10D) of the Income Tax Act, 1961.

2. HDFCLife Click2Invest ULIP

     This plan provides :

  • Meet your investment needs along with valuable financial protection with ULIP.
  • Potential of benefitting from market-linked returns
  • Stay invested longer to achieve your financial goals
  • Achieve financial growth as well as protect your family.
  • It offers 8 fund options to optimize return on your investments.
  • Tax bnefits under Section 80C and Section 10(10D) of Income Tax Act 1961.

3.HDFCLife Click2 Wealth

     This plan provides :

  • It is ULIP which offers market-linked returns.
  • Safeguard the wealth you created so that your desired goals are met.
  • Secure your family’s future with Premium Waiver options.
  • Plan for your retirement
  • Provide Tax benefits under Section 80c.

4. HDFCLife Sanchay Plus

This plan offers:

  • Guaranteed benefit payouts
  • Life cover to protect your family
  • Life long income option
  • Long term income option
  • Provides Tax Benefits under Section 80C of the Income Tax Act, 1961. The benefits received from the plan are exempt under Section 10(10D) of the Income Tax Act, 1961.

5. HDFCLife Super Income Plan

      This Plan comes with below features:

  • Regular income for a period of 8 to 15 years after the premium payment term.
  • Guaranteed base income varying from 8.0% to 12.5% of the sum assured on maturity payable each year during the payout period.
  • Additional income at maturity with reversionary bonuses and terminal bonus, as applicable.
  • Options to choose the premium payable and the policy term as per the need.
  • Insurance coverage throughout the policy term.
  • Plan available with short-medical questionnaire underwriting.
  • This plan provides tax benefits for the premium paid under Section 80C of Income Tax Act, 1961. The benefits received from the plan are exempt under Section 10(10D) of the Income Tax Act, 1961.

  6.HDFCLife SampoornaSamridhi Plus Plan

Features of this plan are:

  • Choice of life coverage – coverage extendable to 100 years
  • Guaranteed addition – 3% to 5% of sum assured is accrued for the first 5 years of the term, payable on maturity with accrued bonuses
  • Limited premium paying term – Policy term can be less than 5 years
  • Policy value increase – Increase in policy value with additional bonus declared
  • Inbuilt accidental death benefit – Additional sum assured payable in case of death due to an accident during the term of the policy
  • Tax benefit under Section 80C of Income Tax Act, 1961. The benefits received from the plan are exempt under Section 10(10D) of the Income Tax Act, 1961.

7.HDFCLife Click 2 Retire:

Features of this plan are:

  • Unit linked pension plan
  • Minimal charges
  • Lower maturity age of 45 years
  • Tax Benefits under Sec. 80C

8.Child Insurance plans:

Features of  this plan are:

  • Regular Investments for child’s higher education
  • Addressing future needs
  • Protection with a waiver of premium
  • Help secure your child’s future
  • Tax benefits under sec 80C and 10(10D)

So, in this article, we have covered some of the HDFCLife insurance policies which are 10(10D) and 80 C Tax exemption Policies. These policies offer a wide range of benefits, life cover and tax benefits too! So, let’s invest and reap the benefits. Hence, we can buy policies without any second thought.!

Tags: , , ,

Search

Top Picks

NRI Buy Recommendation
Term Insurance Buy Recommendation
Health Insurance Buy Recommendation
Child Protection Buy Recommendation
Pension Buy Recommendation

NewsLetter

© 2019 Digital. All Rights Reserved | Design by W3layouts