Ministry of Finance 

07.12.2021

Insurance

Jeevan Akshay-VII Plan of the Life Insurance Corporation of India specified as the annuity plan of the Life Insurance Corporation of India

MANU/CBDT/0147/2021

In exercise of the powers conferred by clause (xii) of sub-section (2) of Section 80C of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the Jeevan Akshay-VII Plan of the Life Insurance Corporation of India, as filed by that Corporation with the Insurance Regulatory and Development Authority, as the annuity plan of the Life Insurance Corporation of India for the purposes of the said clause for the assessment year 2021-22 and subsequent years.

Tags : Plan Annuity plan Life Insurance

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