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Showing posts from December, 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. All regular plans from LIC are considered for tax exemption. On Whose Life insurance premia Can be Paid- On

Why do I need Insurance?

LIC AGENT BANGALORE 9945689986 Why do I need LIFE INSURANCE? First of all, Life Insurance is NOT FOR YOU. Its for the security of your family members. Life Insurance has to be BOUGHT WHEN YOU DONT NEED IT. You cannot buy it when there is a necessity. You need a good health to be insured. When you can spend your money on pleasure, enjoyment or other entertainment and not getting any monetary returns, why not save a bit every month to secure your family's future. Life Insurance is not bought to make any profit, but to secure the future of your family, just as an umbrella is bought not to stop the rain, but to protect us from the rain. When you make arrangements at home even if you will be away for a week, then why not in your complete absence? Do you know how Precious you are for your family? It's you who will make arrangements for the education and wedding of your children. The decision is yours....because the FAMILY is also yours. Its the duty of your LIC agent t