Life insurance corporation definitions identify the corporation established under insurance legislation for the purposes of respective income tax provisions.

Under section 127(9) of the Income Tax Act, 2025, Life Insurance Corporation means the Life Insurance Corporation of India established under the Life Insurance Corporation Act, 1956. Section 80C(8)(iv) of the Income Tax Act, 1961, uses the same definition. In each case, the definition applies for the purposes of the respective section.

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