Category Archives: What is the rule of LIC

What is the rule of LIC?

 LIC Rules: Life insurance policies get the benefit of tax exemption under section 80C of income tax.  If you have taken an insurance policy in the name of wife, husband or child on or before March 31, 2012, then you can avail tax exemption of up to 20 percent on the premium paid.  Due to… Read More »