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<h1>ICICI Prudential's Immediate Annuity Plan Approved Under Section 80C for Tax Benefits from 2007-08 Onwards</h1> The Central Government, under clause (xii) of sub-section (2) of section 80C of the Income-tax Act, 1961, specifies the Immediate Annuity Plan by ICICI Prudential Life Insurance Company Limited as approved by the Insurance Regulatory and Development Authority. This specification applies for the assessment year 2007-08 and subsequent years.