Key Points

• With the tax return file submission in the horizon, get 15% Tax Rebate on your investment every year as premium payment of this policy. (Example: Pay premium amount of BDT 10 lacs & receive Tax rebate of BDT 1,50,000)
• Tax rebates benefi­ts can be availed each year based on premium paid amount.
• No cap on the maximum amount of investment in the form of life insurance premium unlike DPS & Sanchay Patra.

Things to Remember

• Amount of tax rebate depends on tax file of an individual & the 6th schedule part 3, (paragraph 2) of the Income Tax Act 2023.