Is single premium endowment plan tax-free?

InsuNews May 23, 2022

Is single premium endowment plan tax-free?

Tax benefit of LIC Single Premium Endowment Plan The single premium paid for buying this LIC one time investment plan is considered to be a tax-free expense in your hands. You can claim a deduction for the premium paid under Section 80C of the Income Tax Act, 1961.

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