Skip to main content

Tax slab increased by Rs.50,000/-. Have you planned for it?

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.

Comments

Popular posts from this blog

LIC Launches One more Child Plan - Jeevan Tarun - 834

LIC launched One more child plan.  The name of the plan is Jeevan Tarun and No is 834. In this plan, you have the option to choose money back from kids age of 20. Here's are the salient features of the plan -  AGE: 0 - 12 Min SA: ₹75000 TERM: (25 - Age at Entry) PPT: (20 - Age at Entry) PWB Available. MATURITY : AGE 25. LAST 5 YEARS OPTIONAL MONEY BACK. Option:  SB (Last 5 yrs): Maturity: 1:          No SB.             100% SA 2:          5% SB.             75% SA 3:          10% SB.           50% SA 4:          15% SB.           25% SA.  All other features such as loan and surrender are available by default. Income Tax Benefit – Available under Section 80 C for premiums paid and Section 10 (10D) for Maturity returns. Ne...

LIC's New Single Premium Plan (831) Jeevan Sangam

Jeevan Sangam :   Single Premium Plan No.831 launching on 4th  March 2015 and available for a maximum period of 90 days.           Close-ended, Non-linked, With-profits plan.           ELIGIBILITY CONDITIONS- o    Minimum Entry Age= 6 yrs completed; o    Maximum Entry Age= 50 yrs nearer birthday; o    Minimum Sum Assured= Rs.75,000/- (in multiples of Rs.10,000/-); o    Maximum Sum Assured= No limit; o    Policy term= 12 yrs fixed;           DATE OF COMMENCEMENT OF RISK- o    for age 7 yrs nearer birthday= Risk will commence from policy anniversary coinciding with or immediately following age 8 yrs ( nearer birthday); o    For those aged 8 yrs nearer birthday or more= Risk will commence immediately.           MATURITY SUM ASSURED = Sum Assured + Loyalty Addition, if any...

Benefits of taking an Insurance policy in March rather than next April

Can we travel into past? Obviuosly no. Then can we buy a policy with past date? Obiviously Yes. Most of the people do not know that there exists an option where they can pay for a policy today by keeping policy commencement date or start from the past till start of new financial year. This option is available in all LIC plans except term plan and annuity plans. Why is this needed? or what are the benefits? The premium on an insurance policy gets reduced by dating back the policy where age of the person insured is an year less. Eg. If a person with birth month November 1991 starts in march then his age is 30, if it is backdated to April then age is calculated as 29. And so premium is a little less comparitively. Maturity waiting period is an year less. Or early return on investment. Eg. If a person starts a policy for 25 years then maturity is after completing 25 years. On the other hand if it is backdated then maturity amount is received an year ealier i.e., after 24 years only.  C...