IndiaFirst Life Insurance Interview Questions, Process, and Tips

Yes, section 80C and 10(10d) are provisions of the Indian Income Tax Act.

• Section 80C provides deductions for certain investments and expenses.

• Section 10(10d) provides exemptions for life insurance payouts.

• Both sections are relevant for tax planning and savings in India.

Life insurance provides financial protection in case of death, while general insurance covers loss or damage to property or assets.

• Life insurance provides a lump sum payment to beneficiaries upon the death of the insured.

• General insurance covers loss or damage to property or assets, such as car insurance or home insurance.

• Life insurance is typically a long-term investment, while general insurance is usually short-term.

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Types of life insurance products include term life, whole life, universal life, and variable life.

• Term life insurance provides coverage for a specific period of time.

• Whole life insurance provides coverage for the entire life of the insured and builds cash value over time.

• Universal life insurance offers flexibility in premium payments and death benefits.

• Variable life insurance allows policyholders to invest in various i