Mr Shoeb Ahmed Siraj Ahmed Ansari A/404 Sharifa Road Amrut Nagar KAUSA MUMBRA THANE - 400612 MAHARASHTRA Ref: Policy No. 00779114 Your Policy details are as below Policy Issue Date : 25-FEB-2015 Payment Mode : Yearly
Coverage
BSLI Easy Protector
Sum Assured (Rs.)
550500.00
Modal Premium
50100.92
Service Tax
Education Modal Cess Premium With Service Tax & Cess(Rs.)
1097.75
0.00
51,198.67
Coverage Status
Premium paying (Maturity)
This is to certify that the following amounts have been received towards premium for the above policy for the period 25-FEB-2015 to 24-FEB-2016.
Total Premium Received Between 25-FEB-2015 To 24-FEB-2016
Premium (Rs.) 50100.92
Service Tax (Rs.) 1097.75
Education Cess (Rs.)
Modal Premium with SerTax & Cess (Rs.)
0.00
51,198.67
Note Income Tax benefits under Income Tax Act, 1961 ('Act') for premiums paid towards Birla Sun life Insurance products for the current financial year: 1. 2. 3. 4.
5.
Premium paid for life insurance plans and accidental death rider is eligible for deduction under Section 80C of the Act. Deduction under Section 80C is available for the amount of premium paid in the current financial year. Contribution towards pension fund is eligible for deduction under Section 80CCC of the Act. The overall limit prescribed for deduction available under Section 80C, Section 80CCC and Section 80CCD of the Act is Rs.1, 50,000. Premium paid for Health Insurance policies and Health riders like Critical Illness rider and Surgical Care rider is eligible for deduction under Section 80D of the Act up to maximum of Rs. 15,000/- or Rs. 20,000/-for senior citizens. In addition to this, if the premium has been paid to insure parents is eligible for deduction under section 80D of the Act up to Rs. 15,000/- or Rs. 20,000/-for senior citizens. The Annual premiums shown in the table is inclusive of coverage premium paid towards Riders (if any).
This letter is based on our understanding and interpretation of laws and does not express any opinion. Tax benefits are available subject to fulfillment of conditions specified in the respective sections and to the extent of extant laws. As per the Current provision of Section 194DA of the Act; the policy proceeds are subject to TDS if conditions prescribed under Section 10(10D) are not met. This is generic information of Tax laws. Please consult your tax advisor before taking the final position regarding tax benefits. We do not accept any liability arising from the use of this document. The recipients of this material should rely on their own investigations.
THIS IS A COMPUTER GENERATED STATEMENT AND DOES NOT REQUIRE A SIGNATURE
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