Is Accident policy premium eligible for any tax deduction?
No, not all types of insurance premium you pay are eligible for tax deduction. Life insurance premium paid is eligible for deduction under section 80C and Medical Insurance premium paid is eligible for deduction u/s 80D. However when it comes to Accident Insurance premium, it does not carry a tax benefit.
Related Questions
- Do insurers pay terrorism reinsurance premium on the entire original premium of an eligible policy even though part of the policy has been ceded to facultative or treaty reinsurers?
- Who is eligible to purchase the Adelphi University Student Accident and Health Insurance policy?
- Is Accident policy premium eligible for any tax deduction?
