Paragraph match score 82.5%
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5. Life insurance premiums
Premiums paid towards life insurance policies for yourself, your spouse, or your children are allowed as deduction under Section 80C.
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· Health Insurance
Investing in a comprehensive health insurance plan not only safeguards your finances against medical emergencies but also offers tax benefits. Premiums paid towards health insurance for yourself, your spouse, and dependent children are eligible for deductions under Section 80D.