Does term insurance have tax benefit?

Does term insurance have tax benefit?

Deductions under Section 80C – The premiums you pay towards your term insurance plan can help you save money in the present as a tax benefit. You can get deductions of up to ₹ 1.5 lakh under Section 80C. Benefit under Section 10 (10D) – The tax benefits are also extended to the death benefit given to the nominee.