Wanted to know can i save tax by buying LIC plan,IF yes then which LIC(Life insurance Corporation) plan is best to save tax. Please suggest.
Yes, you get Tax rebate u/s 80C for the premium paid for Term, Endowment, Whole life policies.
if you opt for Parental Insurance then too you get additional rebate u/s 80D
Now which policies and for what amount, for what coverage, you need to study, research and answer youself.
Jevan Anand is time tested and good policy...............and other plans contact your LIC agent or nearest office.
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