I want to take an LIC policy for myself subsequent month.. I'm 24yrs old. The prime reason is investment and Income Tax nest egg. I'm confused about what characteristics of policy should I take. Can anyone explain the advantages of Endowement Assurance Plans and Money Back Plans given by LIC of India?
And also can I pilfer a loan thru the policy in adjectives with the total loan amount person deducted within the final settlement? Please suggest any such loan schemes available next to LIC...
Answers: LIC has Endowment Plans where on earth in you grasp the Life cover even after the completion of the tenure. It offers upright returns too. To be more specific, the plan name is Jeevan Anand, you acquire life cover even after the company have paid your promised amount along beside the bonus. Any Insurance investment comes with levy benefit under the article 80c. Coming to Money Back plans, these offer returns after specific intervals. You get hold of back a percentage of the promised amount( eg 25%) after a precise time interval(eg 5 yrs). But the total life cover remains equal. ie, in casing of death, the total sum assured is remunerated without deduct the amount paid previously as the first installment. As a result of this the premiums are little higher, as the company give back a fragment of your money but still has to cover any risks next to the full amount. Money back scheme are the ones if you are looking for early returns. (same as taking a loan).
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09311584115
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And also can I pilfer a loan thru the policy in adjectives with the total loan amount person deducted within the final settlement? Please suggest any such loan schemes available next to LIC...
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Answers: LIC has Endowment Plans where on earth in you grasp the Life cover even after the completion of the tenure. It offers upright returns too. To be more specific, the plan name is Jeevan Anand, you acquire life cover even after the company have paid your promised amount along beside the bonus. Any Insurance investment comes with levy benefit under the article 80c. Coming to Money Back plans, these offer returns after specific intervals. You get hold of back a percentage of the promised amount( eg 25%) after a precise time interval(eg 5 yrs). But the total life cover remains equal. ie, in casing of death, the total sum assured is remunerated without deduct the amount paid previously as the first installment. As a result of this the premiums are little higher, as the company give back a fragment of your money but still has to cover any risks next to the full amount. Money back scheme are the ones if you are looking for early returns. (same as taking a loan).
House buying delema...please abet!!?
better consult on phone
09311584115
Resolved Questions: