Question

Brief - Advantages of life Insurance.​

Answer 1

Answer:

One of the many advantages of life insurance is that it provides many tax benefits. If you are a salaried employee and have purchased a life insurance policy, you can claim deduction under Section 80C. Currently, under this section, you can get a maximum tax deduction of Rs. 1, 50,000.

Answer 2

Explanation:

Life insurance companies generally give younger customers lower rates for reasons that are easy to understand: They tend to have a longer life expectancy. They are less likely to have been diagnosed with a serious disease. They are likely to pay premiums over a longer number of years.