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Budget 2020 High Light Regarding Direct Taxes
1-Tax Payer Charter will announce soon 2-Tax Payer Statute coming Soon 3-Deposit Insurance raised up to Rs.500000/ 4- government stake in IDBI Bank will be sold 5- Government to sell part of his stake in LIC 6- Significant Tax Reforms undertaken 7- new Rate for Individual 0-500000 = Nil 500000-750000=10% 750000-1000000=15% 1000000-1250000=20% 1250000-1500000=25% 1500000 plus…
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New Changes in LIC Plan From (1-2-2020)
Major changes in new plans are given below. *No other change in features, benefits or premiums*:- 1. *Jeevan Umang* _Premium Waiver Rider allowed_ 2. *Jeevan Labh* (a) _Two additional riders AB rider and PWB rider allowed_ (b) _Settlement option also provided both for maturity and death proceeds_ 3. *Jeevan Anand* (a) _Quantum of policy loan…
WHAT IS THE RIGHT AGE TO BUY TERM INSURANCE PLAN?
As soon as you start working. Term insurance plans protect your family members who depend on your monthly income, in your absence. Securing your family’s future dreams is one of the priorities of your life. But rising living costs and inflation take away a large chunk of your monthly income – you are left grappling…
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LIC woos millennials with upgraded website, better customer service
In a bid to attract millennials, Life Insurance Corporation (LIC) of India has improved its customer service experience and upgraded its online services. The results are already showing. As of October 31, of about 10 million policies sold by LIC in 2019-20 (FY20), 2.2 million were to people aged between 18 years and 25 years, 2 million…
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What are some mistakes Indians make, that are destroying their financial lives?
Buying insurance policies for investment purpose Have you invested your money in insurance plan to get a return in future? Big mistake! Out of 100 people, 95 have made this mistake. Very few people understand the difference between term plan, endowment plan, etc. Not able to crack the credit card mystery Are you paying the…
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30 Reasons (Concepts) to have Life Insurance
For Family Future Provision.Support in unseen conditions of FamilyFinancial as well as provision for FamilyChildren EducationRetirement ProvisionFor Standard of Leaving Cost ProvisionFor living Independent LifeFor establishing the habit of saving.For Matching liabilitiesTo fulfil the need of life overcoming the problem of inflation.Yes Insurance for, Protect the Liabilities and AssetTo maintain standard of living of your…
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