What is proposal deposit? and does Proposal deposit paid under life insurance policy eligible for deduction u.s/ 80C?
Menu
Is proposal deposit under life ins pol exempted u/s.80C?
Replies (2)
proposal deposit is the priliminary stage of buying LIC policy by other then green channel.
proposal deposit will get converted in LIC policy after submission of medical records and acceptance of your documents by the LIC, effective date would be same as proposal deposit date.
Thank you Mr.Sharma
Recent Topic
- AIS UTILITY
- NPS Premature withdrawl -Tier 1 Account
- Provident fund taxation
- ITR3 AY 26-27 Error in filling status
- Queries on TDS as per IT
- Capital Gains set off on Sale of Land if held for
- ITR Form for income from freelance consultancy
- Gst rate for HSN code 28530010
- Health Insurance
- India GST Mobile App
Related Topics
CAclubindia
