11 June 2016
I have taken HDFC Life Super Income Plan. I have paid premium of Rs 100000/- during the year and sum assured of policy is as under- sum assured on maturity =Rs 587966/- sum assured on death = Rs 964970/- How much deduction I will get u/s 80C? whether it is a annuity plan or life insurance plan? whether it will be limited to 10% of sum assured ? or if it is a annuity plan whether full amount will be allowed as deduction?And what value will be taken as minimum sum assured?
CAclubindia
