5 Rreasons - why insurance won't save tax

[Master]

One of the key insurance-related provisions of the DTC is that a policy will not be eligible for tax deduction if it offers a life cover of less than 20 times the annual premium.

It's an eye opener - Amit. Thanks for sharing with us. But it does not like the DTC would be reality next year.

[Expert]

The Direct Tax Code Bill has been delayed by a year in Parliament. The Bill will come into effect from April 2012. But still the life insurance not bought for one year.