India, March 24 -- ATK

New Delhi [India], March 24: Life insurance plans offer more than just financial security for your loved ones, they also provide important tax benefits. There are different tax deductions and exemptions offered by the Indian government under the Income Tax Act, 1961. By understanding these benefits, policyholders can make informed decisions and enhances their tax savings while ensuring financial protection. Let's explore the different tax benefits available on life insurance, including deductions, exemptions, GST implications, TDS, and rider benefits.**

Income Tax on Life Insurance**#

The premiums paid towards life insurance policies and the payouts received can qualify for tax deductions and exemptions under dif...