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Page A-827
Advantages of Choosing Saving Plans
A person can receive tax advantage under Section 80C of the Income Tax Act, 1961 and receive a tax exemption on premium for an amount up to ₹1.5 lakhs.
Page A-848
Benefits of Saving Plans
Helps Save Taxes: Since saving plans are essentially life insurance plans , they offer the same tax benefits offered by other insurance plans. In particular, you can avail an exemption of up to Rs 1.5 lakh towards your premium payments, as per Section 80C of the Income Tax Act.