Lic Bachat Plus Features and Benefits and Review
Lic Batchat Plus plan No.861 has been launched on 15th March 2021. In addition, this plan will available for 180 days for sale. This plan from Lic is a Non-Linked and Non participating Individual Life Assurance savings plan. In addition, under this plan, You can pay a select single premium (lump sum) or limited premium payment term. However, You can select 5 years term in a limited Period. In addition, the proposer has two options in choosing the death benefit in each of the above premium payment options. Moreover, this plan is available both online and offline. Lic Bachat Plus …
PMVVY ( 2020-202- Features and Benefits 2020-2023
PMVVY full form is Pradhan Mantri Vaya Vandana Yojana. Now, this scheme has come up with new features and benefits for 2020-2023. In addition, it has 5 changes when compared earlier PMVVY. Pradhan Mantri Vaya Vandana Yojana Features and Benefits are… You should have a minimum of 60 years’ age to buy this scheme. But there no upper age limit is set in this scheme. So, anyone who is more than 60 years of age can buy this scheme. In addition, the monthly pension is 7.4% for Financial Year 2020-2021. The policy term or the pension period is 10 …
Force Majeure Clause-What it is in Life Insurance In India?
Force Majeure is a contract clause means that will remove the LIABILITY due to catastrophic events such as natural disasters or war in Life Insurance in India. What is Force Majeure? Now, many countries are under lockdown worldwide due to fear of Pandemic Virus COVID-19 ( Corona Virus). Though the death rate due to this virus is low, this is spreading easily and fast from human to human. In addition, People do not when this lockdown will be over and when the vaccine for this virus will come. Mean While there is a high chance that people across the …
ULIP- Why they are bad to invest even they are tax free?
ULIP is not good to invest even the maturity is tax-free. People now think Unit Linked Insurance plan is better as equity mutual funds have capital gain tax. But these people are wrong. In Budget 2018, the Government of India re-introduced capital gain tax on equity mutual funds. Now, you have to pay tax if your withdrawn profit from equity mutual funds is more than 1 lakh, then you have to pay 10% as capital gain tax on the over and above 1 lakh profit. But, at the same tax benefit on Unit Linked Insurance Plan Maturity is kept tax free …
All you should know about Pradhan Mantri Suraksha Bima Yojana and Pradhan Mantri Jeevan Jyoti Bima Yojana
Pradhan Mantri Suraksha Bima Yojana and Pradhan Mantri Jeevan Jyothi Bima Yojana details explained in this article. Prime Minister Narendra Modi launched these two schemes. Read about Atal Pension Yojana also. Our Prime Minister of India launched two schemes on 9th May 2015. These two schemes are not helpful to rich people. However, these two schemes will definitely helpful to others. One of these two schemes is a Life Insurance policy called as Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY). Another one is, Accidental Insurance policy called as Pradhan Mantri Suraksha Bima Yojana (PMSBY). Let’s the features of both these schemes. Pradhan Mantri …
Term Insurance – Why you should not buy 1 crore Policy?
People are asking me about life insurance requirement etc. One of the regular they ask is term insurance for 1 crore policy is a good idea or not. Why people always ask about 1 crore life term insurance. There seems to be some mental blocking. Here, in this article I will explain the reason behind this. Unable to Calculate the term insurance required… People really do not know the life insurance coverage that they need to take. I will explain in a simple way. There are two methods that planners like me will follow to advise life insurance requirement to …
Guaranteed Income or bonus- why this kind life insurance policies are bad?
Life Insurance companies use different kind of words to attract people so that they will buy plans from them. They use words like life insurance bonus, a terminal bonus in life insurance, life insurance with bonuses. In recent years they started plans which are offering guaranteed bonus policies to the policyholder. What Kind of Guaranteed return Plans that these companies are offering?… Companies sometimes offer some kind of plans with bonus till death. Example is LIC’s Jeevan Tarun policy. Example of Guaranteed bonus… A company is asking you to pay Rs.1,000 per year for 10 years, from 11th year to …
LIC of India(new jeevan anand) – Why these kind of polices are bad?
When we are about to take a Life Insurance Policy, then first LIC of India name comes into our mind. LIC of India is backed up by Government of India. Lic is offering so many varieties of plans. But some plans are not good for you at all. They will destroy your wealth.New Jeevan Anand policy is famous in LIC OF INDIA. Life Insurance will cover the risk of dying too early and risk of dying too late. Hench, Life Insurance Corporation if it covers above said two risks. But the real problem comes when it is trying to behave differently …
Govt Life Insurance APGLI and TSGLI – Why it is good to modify by Government?
First I should thank Mr. Rajandra prasad Garu(http://www.andhrateachers.in/) who posted my article about APGLI and TSGLI maturity and interest rate on his website. Now in this article, I will tell you why Andhra Pradesh and Telangana Government have to modify APGLI/TSGLI(govt life insurance). As a result of his help, my article is coming in google first page if somebody searching for APGLI OR TSGLI maturity. In addition, I have requested a few more website owners too to post my article about maturity in Andhra Pradesh and Telanaga Life Insurance in their sites. Maybe they are not serious about good happening to …
Lic Vs Postal Life Insurance- Which is best? (Telugu)
Do you know your Post Office also offers Postal Life Insurance(PLI) cover? Even if you know then there is a huge confusion among buyers like whether to buy with the Post Office or with Life Insurance Corporation of India(LIC), because the Government of India backs both. So, Let’s see which one best? What is Postal Life Insurance(PLI)? PLI (Postal Life Insurance) is exactly like any Life Insurance company, for example, LIC or SBI Life Insurance. Post office runs Postal Life Insurance. Postal Life Insurance currently offers only traditional policies. Therefore, no term insurance or ULIPs(unit-linked policies). Different types of policies …