Life insurance should be one of the first investments people must make as it provides a safety net for their family. Almost everyone has an LIC policy and now even Term insurance is increasing in India. Given this, 80C is a great tax saving option. Moreover, given other 80C options such as PPF, the small savings can be consolidation and available for big ticket investment proposed by the govt. I request, therefore the govt should retain the 80C provision in the new tax regime as well. Thank you.

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