InvestorQ : If people don’t need to buy insurance for tax benefits, how will insurance sell in India?
sara Kunju made post

If people don’t need to buy insurance for tax benefits, how will insurance sell in India?

Answer
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7 months ago


That is a good question but you are supposed to buy insurance for covering your life not for tax benefit. Even without tax benefits, people still need life cover to give sense of security to their families. Of course, if you want tax benefit of insurance, stick to the old tax regime.