The PFRDA managed NPS is best for less disciplined individuals who are very often tempted to short close their investment product for immediate expenses. Pension is the livelihood for many in the retired stage of life as it gives financial security to live a decent life. Every individual has to plan for retirement to enjoy… Read More »
Yes. Because he is the payer even though life assured is a different person. The premium receipt also given in the proposer’s name. So he is entitled to claim tax benefit as per law at the time of filing. But life assured cannot claim tax benefit if proposer is different.