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LIC launches New Plan - 830 - Limited Premium Endowment Plan. This is a limited premium paying conventional With-Profits Endowment Assurance plan. The plan is available from Ages 18 years to 62 years with certain conditions. The attractive feature of this plan is that Premium paying term is 8 years or 9 years only, whereas the policy term can be for 12,16, and 21 years as per the choice. Features in short: Premium Paying Term            -           8 or 9 years. Policy Term                             -          12, 16 or  21 years. Minimum Basic Sum Assured -            Rs. 3, 00,000/- Maximum Basic Sum Assured-            No Limit. ...

For the financial year 2013-14 the tax slab was Rs.2,00,000/- for general category. Now for the current financial year it has been raised to Rs.2,50,000/-. Have you made the plans for it? Not yet? If you are planning for some good investments then LICs Jeevan Shagun is one of the good options. This is a one time payment (single premium plan with money back from 10th year). And also has a good returns of approximately X3(triple). Still thinking? Let me know your doubts/clarifications. Its time to start savings and investments.

LIC has recently launched a new single premium, money back, 12 years fixed plan. It is available from Sep 1, 2014 to Nov 29, 2014(90 days only). This plan also has 10 times of premium of risk cover. Its returns are thrice to its premium (approximate). It can be compared with FD if needed, where it has more advantages over FD. Here is an illustration of the Jeevan shagun plan at age 30. This is a best plan for those who are looking to fill 50K tax slab (i.e., tax slab raised from1,00,000 to 1,50,000). So why delay? Interested in this policy or need more details? Please feel free to contact me :)

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