Document Overlap
24.8%
← Content Overlap Report
A-390
→
First documentHow Life Insurance Helps in Tax Saving in India?Open original ↗
A-565
Second documentTypes of Life Insurance Policies in India & How to Choose the Right OneOpen original ↗
Low overlap
Top paragraph overlap
100.0%Page comparison
Paragraph matches
Strongest non-zero match for each paragraph.
First paragraph25 words
How Does Life Insurance Help in Tax Saving?
Learn how life insurance helps you save tax under Sections 80C, 10(10D), 80CCC & 80D to maximise your benefits. July 31, 2026 7 minutes read
21.7%
Second paragraph26 words
What are The Types of Life Insurance Policies?
Understand various life insurance policy types and select the right option based on protection needs and long-term financial goals. July 28, 2026 10 minutes read
First paragraph201 words
Life Insurance Tax Benefits Under the Income Tax Act, 1961
Section 10(10D): Section 10(10D) of the Income-tax Act, 1961 pertains to benefits received under a life insurance policy. The exemption applicable, under both the old and new tax regimes, applies provided the premium paid does not exceed 10% of the sum assured (for policies issued after 1 April 2012), or 20% of the sum assured (for policies issued before 1 April 2012). Any amount received under this Section, including bonuses, is completely exempt from taxation. Additionally, this benefit could be a death benefit, a maturity benefit, or even the benefit received upon surrendering the policy. However, if you choose to surrender your insurance policy, there are a few other things you should keep in mind. For a single premium policy, the surrender benefit is exempted from taxation only if the policy is surrendered after the completion of 2 years. With a regular premium policy, you are eligible for tax exemption on the surrender benefit only if the premiums have been paid for at least 2 years. If you have opted for a Unit Linked Insurance Plan (ULIP), you can only surrender the policy after the 5-year lock-in period has been completed to receive the tax benefits.
8.4%
Second paragraph51 words
Tax Benefits of Different Life Insurance Policies
Tax-Free Payouts Under Section 10(10D) : The maturity proceeds, death benefits, and survival benefits received from a life insurance policy are tax-exempt under Section 10(10D), provided the premium does not exceed the prescribed limits. This ensures that your family receives the entire sum assured without any tax deductions.