• Does buying ICICI Pru iProtect Smart help save tax? If yes, how much tax can be saved?
Yes, ICICI Pru iProtect Smart not only gives the family a financial cushion but also helps save taxes. One can save tax up to ₹ 54,600 on premiums paid under section 80C and 80D of the Income Tax Act, 1961^^. Also, the claim amount is tax-free under section 10(10D).