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Your tax saving plans are important aspects of your financial planning for a particular year. Ideally, your tax saving strategy should be such that it helps you save tax with insurance as well as build your corpus. To serve this dual aim, it is most effective if you invest in insurance policies. It is a sensible idea to invest in insurance of various kinds, which will strengthen your insurance portfolio and secure your future, besides helping you save take advantage of life insurance tax benefit. Life Insurance Life insurance is considered as the most important insurance cover that people generally invest in to secure the future of the family in the absence of the primary bread winner. In that order you should invest in a life insurance policy to ensure that the well being of your spouse and children is not compromised upon your demise. Life insurance premiums are deductible, and come with life insurance tax benefit as per Section 80C of the Income Tax Act. You can take...