Income Tax deduction can be claimed on insurance premium paid for children: Keep these things in mind to ensure it is not rejected

Driven by the aspirations of youth and improved lifestyle, the cost of living is increasing by the day. Parents have to consider many additional expenses like higher education, medical costs and recreational expenses while doing financial planning for their children. 

Income Tax deduction can be claimed on insurance
Most life insurance policies go beyond protecting the children. Source - Pixabay.

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