Does all the LIC policies cover tax?



I want to know does all the LIC policies (like AVIVA) cover tax exemption benefits? And also the same question for medical claims from some insurance company.
One more thing like apart from House rent bills, LIC policy coverage, and medical claim insurances what are the other things one can submit for the tax exemption benefit?

Does all the LIC policies cover tax?
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4 Replies to “Does all the LIC policies cover tax?”

  1. I am not so proficient with these things so every time I need something, I call my friend who owns Rudulph. You could get friendly conversation with him. Or, if you want to go over this yourself, there’s enough info from the resource that i will use.

    Hope that helps dear.


  2. Payments and maturity amounts received from LIC policies is tax free.

    They insure your life for specific term. If something bad happens like you die in accident, then the nominee gets protection for your insured policy.

    You can claim for deduction under Section 80C, upto maximum limit of Rs. 100000/-



  3. Payments and maturity amounts received from LIC policies is tax free.

    They insure your life for specific term. If something bad happens like you die in accident, then the nominee gets protection for your insured policy.

    You can claim for deduction under Section 80C, upto maximum limit of Rs. 100000/-





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