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Self-employed individuals in India can claim tax deductions on their life insurance premiums. The amount is calculated by deducting the amount from the total taxable income. The life insurance cover that is bought for self-employment purposes is not taxed as income. However, if the individual has a separate salary and also gets a self-employment income, then it will be taxed as a salary.
Also read to know more about Max Life Insurance: Premium Receipts, Surrender Value, Auto Pay
To check the fund value of your LIC (Life Insurance Corporation of India) life insurance policy online, follow these steps:
To download an Edelweiss Tokio life insurance policy statement, you typically need to follow the below steps.
To download a Canara HSBC OBC life insurance policy statement, you typically need to follow the below steps.
To download a Bharti AXA life insurance policy statement, you typically need to follow the below steps.
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