HomeEducation Education Benefits of filing taxes: #6 Buying a high life cover Benefits of filing taxes: #6 Buying a high life cover

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Benefits of filing taxes: #6 Buying a high life cover

Benefits of filing taxes: #6 Buying a high life cover

Tuesday, April 18, 2017, 1:05 PM

Buying life cover of Rs 50 lakh or Rs 1 crore has become commonplace. However, these covers are available against your ITR documents to verify annual income. Life insurance companies ask for ITR receipts these days if you opt to buy a term policy with sum insured of Rs 50 lakh or more.
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