Premiums paid under LIC EFAP are eligible for tax deduction under Section 80C of the Income Tax Act, up to ₹1.5 lakh per year. The maturity proceeds are generally tax-free under Section 10(10D), subject to the premium-to-sum-assured ratio being within limits (premium ≤ 10% of SA for policies issued after 01/04/2012).
Assumptions:
Scenario A (Maturity):
Scenario B (Death in year 15):
(Note: All bonus rates are illustrative only; actual bonuses depend on LIC’s annual declarations.)
No product is perfect. Consider these points before investing:
Scope
Services
Access channels
Confidentiality
Provider network
Training
Promotion
Measurement
Budgeting
Lic Efap May 2026
Premiums paid under LIC EFAP are eligible for tax deduction under Section 80C of the Income Tax Act, up to ₹1.5 lakh per year. The maturity proceeds are generally tax-free under Section 10(10D), subject to the premium-to-sum-assured ratio being within limits (premium ≤ 10% of SA for policies issued after 01/04/2012).
Assumptions:
Scenario A (Maturity):
Scenario B (Death in year 15):
(Note: All bonus rates are illustrative only; actual bonuses depend on LIC’s annual declarations.) lic efap
No product is perfect. Consider these points before investing: Premiums paid under LIC EFAP are eligible for
Scope
Services
Access channels
Confidentiality
Provider network
Training
Promotion
Measurement
Budgeting
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