Tax Guides
Term Insurance and Section 80C Deduction
Premium limits within overall 80C cap and documentation for tax filing.
Term insurance premiums qualify under Section 80C within the overall ₹1.5 lakh limit alongside PPF, ELSS, and other instruments. Low term premiums use minimal 80C space while delivering essential life cover.
New tax regime filers forgo 80C deductions—compare regimes holistically.