In existence, maximum of the selections that we take are primarily based on thorough studies and analysis. Then why is it, that on the subject of life coverage we make decisions simplest on the time of paying tax? Tax saving is an crucial and cost added gain that life insurance provides to us. However, the primary goal of those is to comfy the future of the person’s family in case of the loss of life of the character. A existence coverage is one of the many savings, whose benefits that humans avail, especially at some stage in the tax season. It has been listed below Section 80C of the Income Tax Act inside the constitution. Investments as much as Rs. 1 lakh are eligible for deductions underneath this segment.