scorecardresearchBudget 2022: Simpler tax norms for insurance for differently-abled

Budget 2022: Simpler tax norms for insurance for differently-abled

Updated: 02 Feb 2022, 02:39 PM IST
TL;DR.
There is good news in the Budget 2022 when it comes to insurance for differently-abled. Finance Minister Nirmala Sitharaman said deduction for annuity or lumpsum of insurance is now permitted for disabled person even during the lifetime of parents & guardians!
FILE PHOTO: A bird flies past a logo of Life Insurance Corporation of India (LIC) at one of its offices in New Delhi, India September 14, 2021.  REUTERS/Anushree Fadnavis/File Photo

FILE PHOTO: A bird flies past a logo of Life Insurance Corporation of India (LIC) at one of its offices in New Delhi, India September 14, 2021. REUTERS/Anushree Fadnavis/File Photo