Tax Benefits Premiums paid under the policy are eligible for Income tax benefits under 80C of the Income Tax Act, 1961. The maturity proceeds of the policy are not taxed as income of the policyholder or his dependents under section 10(10D) of the Income tax Act, 1961. Section 10(10D) may not apply if the premium including Top up amount exceeds 20% of the Sum Assured in anyone year during the term of the policy. These benefits shall be subject to modification as per prevailing statutory provisions from time to time.   The Plan | Charges| Benefits | Tax Benefits | Exclusion | Statutory Warning