Income tax treatment for term insurance 80D or 80C ?

[viveksingh1005]

can plain vanilla term insurance with accidental rider from HDFC click2 protect 3d plus be claimed under sec 80D for tax benefits ? or this has to be claimed under sec 80C?

 

[manikP]

can plain vanilla term insurance with accidental rider from HDFC click2 protect 3d plus be claimed under sec 80D for tax benefits ? or this has to be claimed under sec 80C?

Term insurance will be in 80c, not sure about accidental rider. Some riders are claimed in 80D, but it should be mentioned clearly in your policy documents.

 

[caabhi]

Term insurance- Life is covered under 80C as rightly stated by @manikP
80D covers the medical insurance and normally the insurance provider provides the certificate which will enable you to claim the deduction. I suggest you get in touch with the HDFC Bank and check for the certificate for claiming the deduction.

 

[yashbhavnani]

can plain vanilla term insurance with accidental rider from HDFC click2 protect 3d plus be claimed under sec 80D for tax benefits ? or this has to be claimed under sec 80C?

Plain vanilla term insurance/ personal accidental cover or rider/ disability rider - 80C
Critical illness cover/ rider ie cancer etc - 80D