Can I invest more than 1Lac and expect tax-free growth ?

#1
Under the current tax laws, I can invest upto 1 Lac under section 80C and claim deduction.

I am thinking of investing in insurance schemes where the amount at maturity is tax exempt, and the growth in capital is also tax exempt.

My question is that can I put more money than 1 Lac and get tax free growth and sum at maturity ?
 
#2
Hi just for tax saving purpose dont put more amount in insurance.Because majority of insurance + policies are debt based income where it earns low return. The duration of payment also long majority of the schemes 10 + years
.
 

Broker Special Offers

Intraday Higher Leverage

Save up to 90% in brokerage and get higher leverage for intraday trades.

Name:Phone:
Email:City:
State:
Are you a day trader?