Top 5 Tax Saving Tips with Insurance Under Section 80C

Insurance is one of the best tax-saving instruments available. Under Section 80C, life insurance premiums up to ₹1.5 Lakh are deductible. Health insurance premiums get additional deduction under Section 80D - ₹25,000 for self and family, ₹50,000 for senior citizens. NPS contribution under 80CCD gives extra ₹50,000. Combine term insurance + health insurance + PPF for maximum tax benefit. Remember to pay premiums before March 31st to claim deduction for the current financial year.