Q. How are death claim amounts from life insurance policies treated for income tax purposes in India?

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Q. What is the maximum deduction allowed for life insurance premiums under Section 80C of the Income Tax Act in India?

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Q. Under which section of the Income Tax Act in India are life insurance premiums eligible for deduction?

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Q. What is the primary purpose of tax planning?

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Q. What is the main objective of estate planning?

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Q. What does the "conservation" phase in retirement planning involve?What does the "distribution" phase in retirement planning entail?

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Q. What does the "conservation" phase in retirement planning involve?

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Q. What are the three phases of retirement planning?

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Q. Which of the following is NOT an example of an investment vehicle in India?

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Q. What is the first step in investment planning after defining investment parameters?

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Q. How does diversification impact investment strategies?

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Q. What is liquidity in the context of investment parameters?

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Q. How does the time horizon affect investment decisions?

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Q. What does risk tolerance represent in investment planning?

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Q. What is the role of returns in investment planning?

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Q. Which area of financial planning deals with strategies to create and maintain a surplus of cash for capital investment?

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Q. What type of policy is typically considered in health insurance planning?

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Q. In insurance planning, what does estimating the income and expense requirements of dependents involve?

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Q. What is the primary purpose of cash planning in financial management?

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Q. Which of the following is not a component of financial planning?

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