Thursday, September 6, 2018

Lic jeevan shanti bangalore

LIC Jeevan Shanti - New LIC Plan

LIC Jeevan Shanti Plan is a non-linked, non-participating, single premium annuity plan wherein the Policyholder has an option to choose an Immediate Annuity or Deferred Annuity. This plan shall be allowed to lives including third gender.

Premium Payment Mode:
Single Premium


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Annuity Mode:
• Annuity may be paid either at monthly, quarterly, half yearly or yearly intervals.

Minimum Entry Age :
30 Year Completed

Maximum Entry Age :
• 100 years (last birthday) for Option F in Immediate Annuity
• 85 years (last birthday) except Option F in Immediate Annuity
• 79 years (last birthday) Deferred Annuity

Minimum Sum Assured :
• Rs.1,50,000/-

Maximum Sum Assured :
NO LIMIT

Annuity Option :
1. IMMEDICTE ANNUITY OR 2. DEFERRED ANNUITY
10 OPTIONS FOR IMMEDIATE ANNUITY
2 OPTION FOR DEFERRED ANNUITY : 1. SINGLE LIFE 2. JOINT LIFE

DEFERMENT PERIOD :
1 year to 20 years

CLOSE RELATIVES AS JOINT LIFE ANNUITANTS [ MEANS : GRAND PARENTS / PARENTS / CHILDREN / GRAND CHILDREN OR SPOUSE OR SIBLINGS ]
Surrendered Value :
The policy can be surrendered at any time after three months from the completion of policy.Surrendered shall be allowed under the following annuity options only:
a. Immediate annuity-
i) Option F: Immediate Annuity for life with return of Purchase Price.
ii) Option J: Joint Life Immediate Annuity for life with a provision for 100% of the annuity payable as long as one of the Annuitant survives and return of Purchase Price on death of last survivor.
b. Deferred annuity-
i) Option 1: Deferred annuity for Single life
ii) Option 2: Deferred annuity for Joint life

Loan :
Loan facility shall be available after completion of 1 policy year. Policy loan shall be allowed under the following annuity options only:
a. Immediate annuity-
i) Option F: Immediate Annuity for life with return of Purchase Price.
ii) Option J: Joint Life Immediate Annuity for life with a provision for 100% of the annuity payable as long as one of the Annuitant survives and return of Purchase Price on death of last survivor.
b. Deferred annuity-
i) Option 1: Deferred annuity for Single life
ii) Option 2: Deferred annuity for Joint life




Friday, March 16, 2018

LIC BIMA SHREE





Call 9945689986 for more details about
LIC BIMA SHREE PLAN
       
Non Linked Money Back Limited Payment Guaranteed Addition

Age Group    –  Policy Term
8  –  55 yrs  -   14   yrs  
8  –  51 yrs  -   16   yrs 
8  –  48 yrs  -   18   yrs 
8  –  45 yrs  -   20   yrs

Term – 4  =  Premium Paying term
14 yrs – 10 yrs
16 yrs – 12 yrs
18 yrs – 14 yrs

20 yrs – 16 yrs 




Maturity Benefit



Maturity Sum Assured
+
Guaranteed Additions
+
Loyalty Additions


Death Benefit

Death Sum Assured
+
Guaranteed Additions
+
Loyalty Additions



Guaranteed Additions
First 5 Years
Rs.50 per 1000 BSA

Subsequent Years
Rs.55 per 1000 BSA


Commencement of Risk
from
Day One

Sum Assured on Death :
Highest of:

1. 125% of BSA   or
2. 10 times AP  or
3. 105% of Total Premiums Paid (excluding GST)


USP’s of BIMA SHREE
1. Exclusive Plan for Upper Middle Class
2. Guaranteed Addition for Full PPT
3. Loan after 2 years
4. 125% Risk Cover from day 1
5. Premium Waiver for Minors
6. Money Back in 2 years Gap
7. 4 years Premium Holiday
8. Loyalty Addition after 5 years
9. SB Deferment Option
10. Settlement Option for SB and Claim



Optional Riders:
1. Accidental Death and Disability Rider
2. Accident Benefit Rider
3. Term Assurance Rider
4. Critical Illness Rider5. Premium Waiver Benefit Rider (Minor)

Loan Just After
2 years


Vist our site for more details
www.licbangalore.co.in


Our other websites:

www.licagentbangalore.com
www.licagentbangalore.in

Friday, September 22, 2017

Tax Saving LIC Plans


TAX SAVING LIC INSURANCE PLANS


These 3 are the most popular sections for tax saving and have lot of options to save tax. The maximum exemption combining all the above sections is Rs 1.5 lakhs under 80(c).
 80CCC deals with the pension products while 80CCD includes Central Government Employee Pension Scheme.

From a tax saving perspective all insurance plans are equal. So regardless of the life insurance plan, tax-saving is assured. The premiums paid on these policies help avail tax deduction and hence they are some of the important tax saving plans that one must be sure to consider.
You can get tax advantages at different stages of the policy

i) You receive tax benefits on your premium payments under Section 80C (life insurance), 80CCC (pension) and Section 80D (health)

ii) The growth of your investment under the life insurance policy is not taxable
iii) Maturity Amount you receive is tax free under Section 10(10D)


Income Tax Slabs:

There is NO separate tax slab for men and women. Earlier women used to have slight benefit over men in terms of lower taxes!

The tax slabs are determined on age of person. As of today there are 3 slab rates based on age:
Below 60 years of age
Senior Citizens (60 to less than 80 years of age)
Very Senior Citizens (80+ years of age)




To know more about Tax Saving Options call 9945689986


Wednesday, December 9, 2015

LIC Life Insurance - Tax Saving Plans

LIC Life Insurance Premium for Tax Saving


LIC Life insurance policies can be used as tax planning tool as premium paid on Life Insurance Policies is eligible for tax benefits under Section 80C of the Income Tax Act and Maturity proceeds from the policy are also eligible for exemption under section Section 10(10D) and Section 10(10A)(iii). Life Insurance helps Assessee not only in tax saving but also achieving their long term goals and it also provides Comprehensive financial protection against unforeseen events for your family.

Maximum Limit – Maximum Deduction allowed under this Section is Rs. 1.50 Lakh and the sum includes payment on other allowable investment option available Under Section 80C of the Income Tax Act,1961. 

Only life insurance premia paid or deposited during the financial year are allowable as deduction under Section 80C for that year.



On Whose Life insurance premia Can be Paid-
On Own life / Self
  • On Wife/husband
  • Child / Children


If you are paying premium for more than one LIC insurance policy, all the premiums can be included for tax exemption.

Taxability of Maturity Proceeds
Section 10(10D)
The proceeds under a life insurance policy are exempt under Section 10(10D) of the Act, subject to the provisions of the said section.
Section 10(10A)(iii)
Commuted Pension received from Pension fund (Pension Plans approved by IRDA) would be tax free.
Service Tax on Life Insurance Premium
All premiums and charges are subject to applicable taxes including service tax, education cess and secondary and higher education cess as applicable under the prevailing tax laws.


To know more about the
LIC Tax saving plans available

Call or Whatsapp 9945689986
Email: response@licagentbangalore.in

Get Expert Advice from LIC at the comfort of Your Home. Contact us today For New LIC Policy. Life Insurance from LIC's Authorised Agent in Bangalore. Insurance Agent - LIC.