The More You Learn, The More You Earn
Let’s start the discussion on investment decision in LIC policy is good or bad by taking an example of Jeevan Anand (815), the most famous policy of LIC and compare the return of the Policy which is insurance and investment mixed policy with LIC’s eTerm insurance plus PPF. You will get tax benefits under section 80C for both the options. The details pertaining to Jeevan Anand (815) are as Continue Reading
LIC is going to launch its Online Term Insurance Plan “LIC Tech-Term (No. 854)” on 12th July 2019. This new plan is a non-linked and non-participating term insurance plan. LIC already have few term insurance plans in its portfolio namely LIC e-Term – Pure Online term plan, LIC Amulya Jeevan – II, LIC New Jeevan Mangal, LIC Anmol Jeevan – II and LIC Bhagya Lakshmi. The new term plans comes Continue Reading
Interim Budget 2019 which came in February 2019 had given lots of tax sops thus there was no such expectation related to relaxation of income tax slab, tax rates or any more deduction from Nirmala Sitharaman maiden Budget.Below are the Income Tax Slab, Income Tax Rates and Tax-Credit applicable for Assessment Year 2020-21 i.e. Financial Year 2019-20.Income Tax Slab for AY 2020-21 Continue Reading
Section 80EEA Budget 2019 proposes the insertion of section 80EEA to increase the benefit of Tax Deduction on the interest paid towards home loan up to ₹ 45 lakhs for affordable housing. The additional tax deduction of ₹1.50 lakhs is for the home loan taken up to 31st March 2020. The cumulative benefit would be ₹ 7 lakhs for 15 years loan.Affordable Housing means a dwelling unit with Continue Reading
Buying Gold for investment purpose is not considered a good strategy because neither does the Gold gives handsome returns nor the dividend as equity investment gives. Warren Buffet has termed Investment in Gold is “Stupidity”. However, each time when the gold prices surges and market plunges, there is a talk about “hedging portfolio through Gold”.Most of the financial planner suggests Continue Reading
Sukanya Samriddhi Yojana Updates Aiming to promote “Beti Bachao, Bet Padhao” campaign, The Government of India had started Sukanya Samriddhi Yojana as one of the most successful small savings scheme dedicated purely towards social security and betterment of girl child. The scheme is curated in such a manner that each and every class of person gets attracted towards it and start saving for Continue Reading
Insurance PolicyHolder Rights in India Insurance policyholder in India enjoys certain rights as per law. Here is a list of some of these rights.Complete knowledge of the policy/plan Insurance Regulatory and Development Authority (IRDA) has laid down the stringent instructions to be followed by the insurance company or agent to provide the complete information about the policy to the Continue Reading