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Premium Paid Certificate For The Year 2020-2021

This certificate summarizes the premium details of a life insurance policy held by Mr. Raj Kumar Sagar. It states that an annual premium of Rs. 97,847.12 has been received for the 15-year Guaranteed Savings PP Plan policy with a sum assured of Rs. 727,802. Tax benefits may be available under sections 80C, 80CCC, and 80D of the Income Tax Act for premiums paid. Most of the benefits cannot be received as a lump sum and will need to be taken as an annuity.

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Prince Goel
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2K views1 page

Premium Paid Certificate For The Year 2020-2021

This certificate summarizes the premium details of a life insurance policy held by Mr. Raj Kumar Sagar. It states that an annual premium of Rs. 97,847.12 has been received for the 15-year Guaranteed Savings PP Plan policy with a sum assured of Rs. 727,802. Tax benefits may be available under sections 80C, 80CCC, and 80D of the Income Tax Act for premiums paid. Most of the benefits cannot be received as a lump sum and will need to be taken as an annuity.

Uploaded by

Prince Goel
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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PREMIUM PAID CERTIFICATE FOR THE YEAR 2020-2021

DATE - 02-Dec-2021

This is to certify that the following premium has been received under the below mentioned life insurance policy held by

MR. RAJ KUMAR SAGAR

Name of Policy Holder: MR. RAJ KUMAR SAGAR

Policy Number: 0100896720

Product Name: Canara HSBC Oriental Bank Of Commerce Life Insurance Guaranteed Savings PP Plan

Policy Term: 15

Premium Paying Term: 10

Policy Issue Date: 06-Dec-2019

Installement Premium Amount (`) 97,847.12

Payment Frequency: ANNUAL

Next Premium Due Date: 06-Dec-2021

Number of Installments Total Premium Amount (`) Sum Assured (`) Policy Status

1 97,847.12 727,802.00 Inforce

• As per section 10(10D) of the Income-tax Act, 1961, any sum received under a Life Insurance Policy will be exempt subject to
conditions specified therein.
• Tax benefits under Section 80C and 80CCC of the Income-tax Act, 1961 is available to an individual or HUF for premium paid
towards Life Insurance or Pension Policy, subject to the conditions/limits specified there.
• Tax benefits is available to an individual or an HUF under section 80D of the Income-tax Act, 1961 for Health Insurance
Premium (including CI rider premium) paid subject to the conditions/limits specified there.
• A significant part of the benefits is not available as a lump sum would need to be mandatorily taken as Annuity from Canara
HSBC Oriental Bank Of Life Insurance.
• Tax will be deducted at the applicable rate from the payments made under the Policy, as per the prevailing provisions of the
Income-tax Act, 1961.
• Taxes and Levies for ULIP Plans are deducted through cancellation of units.
• The above mentioned tax benefits are subject to change in the tax laws. Please consult your tax advisors to confirm the
applicability of the tax benefits at your end. Taxes and Levies will be applicable as prevailing tax laws.

For sales Inquiry, please visit www.canarahsbclife.com or call us at 1800-258-5899


CONTACT US:

Visit our website Email us at Call us at SMS at


www.canarahsbclife.com customerservice@canarahsbclife.in 1800-10-30003 / 1800-18-00003 9779030003
(BSNL/MTNL)

This is system generated statement and does not require signature

***Please provide your latest bank account details. PAN number and contact information including email id, mobile number, etc. to update our record. Please contact our nearest HUB for further details.***
(Ignore if already provided updated details as mentioned in above statement)
Canara HSBC Oriental Bank Of Commerce Life Insurance Company Limited, 139 P, Sector - 44, Gurgaon - 122003, Haryana, India.
Registered Office: 208, 2nd Floor, Kanchenjunga Building, 18 Barakhamba Road, New Delhi - 110001, Corporate Identification No.- U66010DL2007PLC248825.

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