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What is Traditional Insurance?
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23 Aug, 2023
by Prince Bhola
Govt describes a limit of 5 lakh yearly premium for tax-free maturity on traditional insurance.
Is health Insurance & term insurance are under traditional insurance?
and which insurance is under Traditional Insurance?
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Hello Prince,
Health insurance and term insurance are not considered traditional insurance products. Traditional insurance examples include endowment plans, money-back plans, whole life plans, etc.
Hope this clarifies. Thank you!