Life Insurance 5 Lakh. If any such event occurs then his child. Any taxpayer can get a deduction for the cost of a life insurance policy for himself, his/her husband or wife, or their kids.
And a total bonus of rs 4.60 lakh is available. You can check this scheme on the website of life insurance corporation of india. What could help the company build better loyalty of its merchant partners and also in turn help push up adoption of digital payments, the company will be bearing the premium as well.