Knowledge Center
Everything you need to know about life insurance, tax benefits, and building a career with LIC.
Why Life Insurance?
Understanding the importance of life insurance for every Indian family.
Financial Protection
Life insurance ensures your family's financial security in your absence, covering expenses, debts, and future goals.
Wealth Creation
Endowment and ULIP plans help you build wealth systematically while providing life cover.
Tax Benefits
Premiums qualify for deduction under Section 80C and maturity proceeds are tax-free under Section 10(10D).
Retirement Planning
Pension plans from LIC provide guaranteed income after retirement for a stress-free life.
Tax Benefits of Life Insurance
Save taxes while securing your family's future.
Deduction up to ₹1,50,000 on premiums paid for life insurance policies
Available on premiums paid for self, spouse, and children.
Tax-free maturity and death benefit proceeds
Maturity amount is completely tax-free if annual premium is ≤ 10% of sum assured.
Deduction on health insurance premiums
Up to ₹25,000 for self/family and additional ₹50,000 for senior citizen parents.
Deduction on pension plan contributions
Contributions to LIC pension plans qualify within the overall 80C limit of ₹1.5L.
What is MDRT?
The Million Dollar Round Table (MDRT) is the premier association of financial professionals. Qualifying for MDRT is a mark of excellence recognized worldwide.
MDRT
Million Dollar Round Table — base qualification level
COT
Court of the Table — 3× MDRT qualification
TOT
Top of the Table — 6× MDRT qualification
Articles & Insights
Stay informed with our latest articles on insurance and financial planning.