New Delhi, Delhi -- (SBWIRE) -- 02/23/2010 -- NLife Insurance Premium paid by an individual qualifies for deduction under section 80C of the Income Tax Act. But insurance must not always be taken with an aim to gain tax benefits only. The main purpose behind buying Insurance should be protection against the risks that can confront an individual everyday.

Taxsavers.in, India’s first website catering exclusively to Tax Savings is all set to launch a new segment on Insurance and tax benefits. The aim of this segment is to provide basic details of all the major insurance schemes available in the Indian market along with the tax benefits associated with them.

Taxsavers will not only provide an individual, tips on insurance coverage but will also help calculate and research on the size and importance of the insurance cover. The website will ensure that its subscribers stay away from agents who provide rosy illustrations of future investment returns and then sell high-priced insurance covers to people. This amount may be detrimental to a person’s long-term finances.

However, the highlights of this segment will be stories on Insurance and tax benefits provided under section 80C of the Income Tax Act. Under the Income Tax Act, an individual can get an annual tax benefit of up to Rs. 1 lakh by investing adequately in Insurance schemes.

So avoid taxman by logging in to http://www.taxsavers.in and save your hard-earned money from the tax monster.

TaxSavers.in is a New Delhi based financial services company currently serving all over India. Lloyds Ventures, owner of TaxSavers.in and his team of professionals have provided quality accounting, tax and consultation services for our valued clients.

More Information URL:http://www.taxsavers.in/