You will be eligible for tax benefits under
Section 80C, 80 D and Section 10 (10D) of the Income Tax Act, 1961.
- Under Section 80C: You can save tax each year as premiums up to Rs.
1,00,000 are allowed as a deduction from your taxable income
- Under Section 10 (10D), the benefits you receive from this policy are
completely tax-free subject to the exclusions.
- Under section 80 D , additional premium paid for Critical Illness and
Wavier of Premium benefit option qualify for deduction upto Rs.15,000
(Rs. 20,000 for senior citizens).
The above mentioned tax benefits are subject
to changes in the tax laws.
The details mentioned above are indicative of the terms, conditions, warranties
and exceptions contained in the insurance policy. Please refer to the product
brochure and policy document for further details or else contact our Relationship
Manager at your nearest HDFC Bank Branch. HDFC Standard Life Insurance Company
Limited. HDFC Loan Cover Term Assurance Plan. Form No. SN 06.UIN 101N 6V02.With
Riders Accelerated Sum Assured Benefit UIN 101B010V01.This product is underwritten
by HDFC Standard Life.For more details on the risks factors, terms & conditions
please read the sales brochure carefully before concluding a sale. Registration
No: 101.Certified Corporate Agent's License No. 933982.
Insurance is the subject matter of the solicitation.
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