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<h1>Annuity plan specification recognizes certain LIC plans as eligible for income tax deductions under the relevant provision.</h1> The Central Government designates Life Insurance Corporation of India's Jeevan Dhara and Jeevan Akshay plans as the Corporation's annuity plans for the purposes of the income-tax deduction provision, based on those plans having been filed with the Controller of Insurance under the Insurance Act and relevant rules.