As one of the well-known name in the insurance sector of the country, Aditya Birla Sun Life Insurance offers wide range of comprehensive insurance plans to cater the needs to the insurance seekers. With a customer base of over 2 million policy holder the Birla Sun Life offers an array of plans comprising, protection plan, child plan, wealth with protection solution, retirement plan, saving plan, investment plan, etc.
Keeping the requirements of the customers in mind Aditya Birla Sun Life has launched Income Shield Plan. This plan has been specifically designed to cater unique protection needs of the customers. The plan offers continues flow of money in form of salary or monthly income to the family of the insured in case of unfortunate demise of the insured person. This policy of Birla Sun Life, offers life protection to the family of the insured at most affordable premium rates. Moreover, it offers the benefit to increase income by 5% every year. The plan exclusively offers EVA benefit to the female insurance holder. In case of critical illness or permanent disability the plan also offers the option for waiver of premium. To help you know more about Birla Sun life Income Shield Plan, here we have discussed briefly some of the key features and benefits offered by the policy. Key Features of the Birla Sun life Income Shield Plan
Four Plan options offered under the policy are:
Death Benefit- In case of demise of the insured person within the tenure of the policy, monthly income depending on the plan chosen by the insured is paid to the beneficiary of the policy. The monthly income benefit payable on death is equal to 1.25% of the Sum Assured. The total monthly income payable on death over the Income Benefit Term will be the assured benefit to be paid on death under this plan. The Sum Assured on Death is the highest of 10 times of the annualized premium or 105% of the total premiums paid up to the date of death or Assured benefit to be paid on death whichever is highest. EVA Benefit- A benefit exclusively for women where we ensure freedom from paying premiums for a year if the life insured delivers a baby during the policy term. Although this benefit will be offered under all plan options, the life insured (if females) can avail of this benefit only once during the policy term. Post the one year waiver, the premiums are to be paid for the rest of the policy term. Other Features of Birla Sun life Income Shield Plan Free Look Period- A free look period of 15 days is offered by the policy holder during which he/she can cancel the policy if they are not satisfied with the terms and conditions of the plan. Grace Period- A grace period of 30 days is offered under the policy during which the insured can pay the due premium if he or she fails to pay the premium within the premium paying date of the policy.
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The popularity of mutual funds has been gaining traction over the past couple of years due to their enhanced returns. Recently, Franklin Templeton Mutual Funds bought 0.9% stakes in Rallis India at 230INR which has rallied the shares of the latter up by 7%.
What Do We Know About Rallis India? Rallis India is a subsidiary of the TATA group that specializes in Farm Essentials. As one of the leading crop care companies, it has a presence across 80% of the districts in the country. Rallis has been a pioneer in terms of understanding the agricultural needs, looking after the farmer’s demands, supplying quality agrochemicals, and boasts of a strong portfolio that rolls out potent crop care solutions time and again. Stakeholders of Rallis India From a market perspective, the portfolio of Rallis India is widely spread across the expected pesticide and agro-chemicals sector. With 50% of its shareholders comprising Indian Promoters, the stock has been a part of various funds which constitute individuals, institutions, Government agencies and others. Why is Rallis India So Important for Franklin Templeton Mutual Funds? Rallis India, as shown up as a potential investing body in mutual funds schemes, rolled out by ICICI Prudential Value Fund Series 6 cumulative, UTI Long-term Advantage Fund Series, Tata Ethical Fund Appreciation, so on and so forth. Franklin Templeton Mutual Funds Are Here To Stay Franklin Templeton Mutual funds are an offering from the house of the Franklin Templeton Asset management company and have been rated as one of the best in the market. With a diverse portfolio that is spread across equities, income funds, debt funds et al. it has been a go-to option for many investors since 1947. With presence across 180+ countries across the world, Franklin Templeton Investments have been focused on developing greater investment opportunities for their stakeholders. Rallis India and Franklin Templeton Mutual Funds The collaboration of Rallis India and Franklin Templeton comes at a perfect time for both of them. Anand Radhakrishnan from Franklin Templeton believes that there is supposed to be a greater shift towards a consumption pattern in terms of automobiles, consumer durables, leisure, media, etc. Various schemes from the house of Franklin Templeton Mutual funds are usually equities fund which have recorded a growth of almost 27% for an investment period of at least five years. What Is The Deal? After Franklin Templeton Mutual funds bought close to 1.7 million shares of Rallis India, the price of the later recorded an all time high of INR 264.60 which is close to 22.21% above the initial trending value. As a result, Franklin Templeton Mutual Funds will now have a diverse portfolio, and Rallis India will add another potential stakeholder who is stronger.
Mutual funds are one of the investment vehicles which includes pooling of money from investors and investing it further in securities, bonds, stocks, money market and other assets. Professional money managers take care of the exhaustive portfolio which might include industries such as financial institutions, chemicals, agriculture, media, software, and others. What Is A Portfolio? Every mutual fund has specified objectives which are structured in the form of a portfolio. It is usually spread across funds which allow a balance to prevail such that the risk is comparatively lower. So, portfolio managers usually hedge their funds together instead of putting all their eggs in the same basket. Features of Mutual Funds The funds that are available are further invested in various funds as decided by the fund manager, who is ideally hired by the board of directors of the holding company. Taking a call on the investment measures is tough because the funds have to meet the expectation of the predefined objectives.
National Pension Scheme is a tax saving option that not only helps to save tax but also provides you an opportunity to build wealth to fulfill your post retirement needs. National Pension Scheme is set up by pension fund regulatory and development authority of India to regulate and develop the pension market in the country.
Any citizen of India between the age group of 18-60 years can open a NPS account from the networked of branches known as point of presence (POPs). Almost all types’ insurance companies, banks and financial institution have enrolled themselves in POPs. SBI also provides the facility to open NPS account in both online and offline mode. Opening a National Pension Scheme SBI account is quite easy and hassle free. As SBI is the most trusted banking sector in India, it offers it services to every small and big cities of the country. SBI offers both online and offline process to open the NPS account. In order to provide you proper knowledge on how to open a national pension scheme SBI, here we have briefly discussed every steps to open an NPS account through SBI. Before we start with the process involved to open an NPS account let’s give some insight on what is NPS. National pension scheme is a contributory pension plan for the citizens of India. Under national pension scheme the subscribers are required to invest certain amount of fund in order to create a pension financial cushion and ensured financial security during the golden days of your retirement. National Pension Scheme SBI Registered under PFRDA the SBI works as a Point of Preference and provides the facility to open the NPS account. The bank also does other work which is assigned to POPs by pension fund regulatory and development authority. These assigned works include verifying KYCs, subscriber maintenance, receiving contribution, grievance management etc. Offline process to open National Pension Scheme SBI The bank provides both online and offline process to open an NPS account. But before visiting any nearby branch to do so it is important to keep handy the important documents like PAN card, identity proof, passport size photograph, address proof and Aadhaar card. Also make sure that you are fully eligible to subscribe for NPS. Process to Open Offline NPS Account
Process to Open Online NPS Account The online process to open national pension scheme SBI is very simple and hassle-free. In order to open an NPS account all you need to have is internet banking enabled saving account.
So, by following these steps you can complete the registration process to open national pension scheme SBI account. You have finally decided on some mutual funds to buy and are still deciding on ways to purchase them. Mutual funds are a great form of investment which lets you grow your money.
However, you need to know the various ways by which you can invest in mutual funds and the pros and cons of investing in mutual funds through the online method. Buying mutual funds online is definitely not for everyone. Till date there are many who are not comfortable with using the internet or laptop and making a financial investment online is something that scares most of them. There are many technicalities involved when you buy online, and even for those who are comfortable using the laptop and internet, there can be challenges when buying the mutual fund online. It is thus important to know the pros and cons of buying mutual fund online. Benefits of Buying the Best Mutual Funds Online Convenience Buying mutual fund online gives you a lot of convenience. You do not need to worry about transport, any timing and availability. One moment you are browsing through mutual funds and the other minute you invest into them. This saves you time and money and at the end is very comfortable to buy mutual funds online. Investing cost Online buying mutual funds lets you directly invest in the mutual funds. When you buy the mutual funds directly, you can save on the fund management fees which will increase your return. The difference can be very significant in the long run. Tracking mutual fund When you invest in mutual funds online, it can let you track your performance easily. Any day and at any time of the day you can see and track your investment online. All that it needs is a few clicks on the mouse. Easy switching and redemption You can easily apply for redemption or switch the mutual funds whenever you want. This saves you a lot of time, and you can also get the money credited to your account within two days of sending the request. Mis-selling Mis-selling is the most important reason why many choose to invest in mutual funds online. There is no interference of any broker who would come around and start selling your funds based on not your needs but in which fund he earns the most commission. You are saved from a broker who will sell you a wrong mutual fund and thus you are free to decide and buy it independently. Buying Mutual Funds OnlineSo buying mutual funds online has its share of benefits. So how do you go about buying the mutual fund online? There are many ways by which you can invest into mutual funds. Mutual fund websiteMost of the mutual fund house lets you invest online. You can visit the mutual fund website and buy the mutual fund directly. There are many pros and cone of investing into the mutual fund house directly. Pros
So even though the online method of investing in mutual funds is convenient in case you plan to invest your money into many mutual funds, then you should consider these disadvantages. There are also many online portals which will let you invest into a mutual fund scheme of any fund house. These portals let you compare the different mutual fund schemes available, and you can then choose to invest in the mutual fund based on your preference and their past performance and then invest in them directly through a single platform. As a part of employers’ salary, House Rent Allowance (HRA) is the amount paid by them to the employees. For the total amount an employer pay towards accommodation every year he/she is also allowed for tax exemption towards the paid amount. Based on the employers’ salary and residential city the decision is made by the employer that how much HRA is required to be paid to the employee. The House Rent Allowance is regulated by Section 10(13A) of Income Tax Act. The benefits offered by House Rent Allowance can only be availed by salaried individuals. Besides, self-employed individuals cannot claim HRA. House rent allowance can also be availed if the employer is living in rented house. However, this is important to note that HRA is only applicable for rented accommodation and not for an employer own home. In case if the employer is living in a rented house and the rent paid exceeds Rs1,00,000 in a financial year then he/she will have to submit PAN card details of the landlord along with the claim of House Rent Allowance. How House Rent Allowance Decided? House rent allowance is decided based on the salary of an individual. However, there is also other factor that decides on an employer’s HRA like the city in which he/she lives. For example if the employer resides in tier 1 cities like metro cities then he/she will be eligible for an HRA equal to 50% of the salary and if an individual resides in other cities then he/she is eligible to HRA equal to 40% of the salary. In order to calculate HRA, the salary is set as the sum of the basic salary, dearness allowance and any other commissions. In case the employer do not receive any dearness allowance or commission then the house rent allowance will be 40% 50 50% of the basic salary. The definite HRA provided to the employer will be the lowest of following 3 provisions:
How to Calculate HRA The HRA (House Rent Allowance) is an important component of an employer salary that defines total amount agreed by the employer towards employee accommodation as rent. The house rent allowance is very beneficial for employee as one can also get tax exemption for a particular financial year. It helps to reduce the taxable income that the employer is liable to pay. As we have mentioned above tax benefit is applicable for those individual who stays in rental accommodation. The HRA calculation is based on many different factors like claim to 50% of the basic salary and 40% of basic salary if the employer stays in non-metro city. The tax benefit in the calculation of HRA is considered from one of following listed requirements
The least of the above mentioned amount will be considered for tax deduction from HRA. One of the major benefits of calculating HRA is that it provides for an avenue to reduce the taxable income which results to a reduction in the tax that an individual have to pay. Pension schemes are initiated for people who do not have a regular source of income after their retirement. It can either be offered by the employer, like in government jobs or by any third party.
In the public sector jobs, the financial security after your service period is guaranteed. Government employees are given benefits like provident funds, pension services etc. Nowadays most of the private sector employers are introducing pension schemes to attract and retain human resource. New Pension Scheme was initiated by the Government of India mainly for the benefit of employees who constitute the unorganized sector and gave an opportunity to senior citizens seeking pension services after 60 years of age. It came into force in May, 2009. It is regulated and monitored by the Pension Fund Regulatory and Development Authority – PFRDA. Due to low commission and incentives of the intermediaries and middlemen, this pension scheme did not receive a lot of promotion. Overview The following is a brief glance over the basic features of this pension scheme. Minimum Age- 18 years Maximum Age- 60 years Minimum Amount of Premium- INR 6000 yearly and INR 500 monthly Maximum Amount of Premium- INR 12000 Why to buy the pension scheme under NPS This pension scheme is the cheapest retirement plan in the market compared to its peers like the EPF, PPF and mutual funds. The contributions are voluntary and it has to be made once in a year. Owing to its cost, this pension scheme has the highest number of sales recorded. The amount is invested as per the buyer’s preference. A couple of investment options are offered to the buyer to select from and they are driven by the individual’s preference of asset allocation and withdrawal. Features & Benefits 1. The New Pension Scheme entails three accounts namely- Tier 1, Tier 2 and Swavalamban Account. Tier 1 Account – o This account does not permit any withdrawal till the age of 60. Government employees compulsively have to invest 10% of their salary and dearness allowance to this account. The employer needs to contribute the same amount. o Investment is generally made in government bonds. In non-government funds the contribution amount is INR 6000 yearly on in installments of INR 500. The investment in case of non-government funds is made in liquid funds, fixed deposits, corporate bonds etc. Tier 2 Account – o This account gives the liberty of withdrawal and investment. However this account will be granted only if you own a tier 1 account. o The investment options are varied such as equity, government funds, liquid funds etc. o The minimum amount of contribution here is INR 250 monthly and INR 1000 while subscribing to this account. At the end of the financial year it is essential to maintain a minimum balance of INR 2000. Swavalamban Account – o This account in this pension scheme mainly focuses in uplifting the financially and economically backward sector. The employee must hail from the unorganized employment background. o The government contributes INR 1000 for the initial 4 years in this account. 2. Benefits in taxes – There are not any direct exemptions or deductions on premium however while withdrawing the amount is completely exempt under the Income Tax Act, 1961. 3. Less risk – Since the initiative is government induced, the investments bear lesser risk. 4. Low cost – The cost of investment charged to the buyer is 0.0001%. Thus, it becomes inexpensive to avail this pension scheme. Managers selected by the authority for fund management and investments PFRDA has appointed seven fund managers. The government employee accounts are looked after by UTI Retirement Solutions, SBI Pension Plan and LIC Pension Plan while the investments are managed one of the following six fund managers - LIC Pension Plan, UTI Retirement Solutions, ICICI Prudential Pension, Kotak Mahindra Pension, Reliance Capital Pension and SBI Pension Funds. Eligibility The plan has very basic eligibility criteria. · The applicant or the plan buyer must be a citizen of India. · He or she must be from the age group of 18-60. · The contribution or the premium must be remitted during his or her active years of working. Claim Process On opening the Tier 1 account, the subscriber is given a Permanent Account Retirement Number. The transactions can be carried out in cash or via cheque. During every transaction the PRAN must be provided. Upbringing Children and building a strong financial future is one of the integral parts of parenthood and is a prime responsibility of every parent. Besides, the fact is, providing the child with the best in life and ensuring them with good financial future is not a one night task, it is a lifelong process where one has to build it brick by brick.
One of the significant aspects of the entire exercise of securing your child financially is to have a child plan. While planning for a financially stable future for the child one should keep two things in mind: First, how to accumulate corpus by mean of smart investing for the current and future financial needs of the child and secondly creating a strong risk protection plan that can take care of any unforeseen event that may happen in life. Buying a child plan at right time in life not only secures your child’s financial future but also offers a host of other advantages both short term and long term. For your better understanding we have explained some of the benefits below:- Funds Your Child Education- To secure your child’s future if you are looking forward to buying a child education plan then you can compare plans offered by numerous life insurance companies and choose the best out of it according to your own suitability. The skyrocketing education cost is no new to individuals and with the growing inflation this will keep on increasing. So, for any parents the sooner one buy a child education plan the better it for their children to have a more secure and brighter future. A child education plan offers the dual benefit of saving come protection. Child education plan is designed to offer financial security to the child so that their education is not hindered in the case of any unfortunate event in future. Child education plan provides 10 times more sum assured amount with the minimum premium payment option. The lump-sum amount paid on child education plan can be further used for education expenditure. The lump-sum amount provided under child education plan is sufficient to pay for college education or even if your child wants to go for foreign studies. Generally, the sum assured amount offered by child education plan depends on the terms and conditions of the plan and on the money invested in it in ways of premiums. A Support Hand for Medical Treatment of the Child- During the tenure of child plan one can also avail the option of withdrawing money. It can be used for any medical purpose or for medical treatment of the children in case if they get ill. These partial withdrawals can be made very conveniently in the case of the child is hospitalized for any minor or serious medical condition. Some of the child plans take load of the financial burden caused by medical expenses and act as an add-on benefit over health insurance plan. Ensured Child’s Future in Absence of Parents- One of the most important aspects of future planning is to plan for uncertainties. As life is uncertain, the parents should make sure that the child should not have a financial crisis in case of any eventuality. The insurance company offers a premium waiver during the tenure of the policy of a child insurance plan if the insured passes away. As a beneficiary, the child receives a lump-sum amount in case of any uncertain demise of the insured. The premium waiver rider enables the plan to continue without any break and the financial burden of remaining premiums is passed on to the insurer. Offers Income Protection for Child- One of the main advantages of having a child insurance plan is that it protects the income of your children if they start earning at a very young age. It includes musician, child actors, artists, performers, etc. Having a child insurance plan by your side offers the benefit of capital appreciation for a long term for the child. Acts as a Backing for loans for Higher Education- As it is a known fact that the cost of higher education is booming rapidly a child education plan comes in handy if a person intends to take a loan for higher education as the money provided by the plan can be used as a backup. The child education plan can also be used as collateral for other child-related expenses. The best child education plan provides a comprehensive life insurance cover for the future education and career building of the child. As there are numerous factors that play a significant role in planning the best future for your child, identifying your requirement and planning for possibilities is a must do task for every individual. Insurance provides the financial support in the times of calamity. While an investment aims to preserve your hard-earned money. But what if you want both the options? That’s where the Unit Linked Insurance Plan (ULIP) comes in.
The premiums paid towards ULIP’s get divided into two portions. One of it goes towards providing the life cover to the policy holder. While the other gets invested in the funds of investors choice. These funds continue to earn returns during the policy period. HDFC SL crest investment plan is a unit linked investment plan offered by HDFC life. It is a short term plan which gives the investors both insurance and investment under a single plan. HDFC SL crest policy details The HDFC SL crest investment plan is a short term investment plan of 10 years. It helps you achieve your investment targets while also providing a financial assistance to your family. It assures returns on your investment for 10 years for the premium paid for just 5 years. The basic overview of the plan: Policy Term- 10 years Min - Max entry age- 14-55 years Maturity age- 65 years Minimum premium- Rs 50,000 Maximum premium- No limit Premium payment term- 5 years Minimum sum assured- Age at entry below 45 years: 10 × Annual premium Age at entry at 45 years and above: 7 × Annual premium Maximum sum assured- 20 × Annual premium Why to buy HDFC SL crest investment plan? HDFC SL crest is a well integrated investment plan that channelizes your money in the best manner. It gives you 4 funds options to create your own investment strategy. There is also a flexibility to choose your own sum assured multiple. Between 10× and 20 × annual premiums can be selected as the sum assured. Also, in case of your death, your nominee receives the maximum of the sum assured or the total fund value. Features of HDFC SL crest investment plan
Eligibility for investing in HDFC SL crest There are age limits and term limits to check the eligibility for investing in this HDFC SL crest investment plan.
Maturity benefits
Partial withdrawal benefits
Death benefits
HDFC SL crest NAV The HDFC SL crest investment plan provides a minimum of Rs 15 as the net asset value (NAV). HDFC crest is the only plan giving such a guarantee in the industry. Various charges incurred in HDFC SL crest investment plan Premium allocation charge
Fund management charge
Policy administration charge
Miscellaneous charge
Partial withdrawal charge
Switching charge
Morality charge
Exclusions in the HDFC SL crest plan The nominee shall only be paid the fund value, as on the date of death, in case of suicide within 12 months from the date of start or renewal of policy. The nominee would also get any charges recovered after the date of death. HDFC SL crest is a decent short term investment option reaping considerable benefits over the period. Usually, July 31st is the last date for filing your tax returns. For the assessment year 2016-17, the government even extended the deadline up to August 5. Even then, several people failed to furnish their tax returns on time.
There is no reason to fret! According to the Income Tax Law, even if you failed to file your income tax returns within the prescribed deadline, you can file the belated returns within two years of the end of the particular financial year. Even with the exemption limit set to ₹250,000, fewer than 4% of Indians file tax returns every year. The general perception is that, since Tax Deducted at Source or TDS has been paid, filing tax returns is no longer necessary! Also, with the possibility of filing of FY 2015-16 taxes by 31st March 2018 also available, a lot of people become lax in their responsibility towards tax filing. Filing Belated Returns For the returns related to FY 2015-16 and assessment year 2016-17, you can file your belated returns only till 31st March 2018. Even if you fail to file your returns, it is wise that you calculate the tax amount due and pay it on time to avoid attracting any penalty! Because in case you file belated returns and you still need to pay a tax of ₹10,000 or above on your income, you will be liable to pay a delayed interest on the amount due! Delayed interest is calculated under Section 234A at 1% (SI) per month for each delayed month till you paid the tax. For calculation purposes, the interest calculation starts from the date subsequent to the due date till the returns are filed. For ease of calculation, even partial month will be considered as a complete month. Penalty for Late Filing of Returns For failing to file the tax returns within the prescribed deadline, there is no automatic penalty, but it depends on the judgment of the tax officer. In case you even fail to file for belated returns within the specified time, you can attract a penalty of ₹5,000 under Section 271F. When you don’t pay your taxes and willfully miss all return filing deadlines, you become liable for prosecution and penalty under the provisions of the IT Act. Budget 2016 According to the Budget 2016, the time period for the late filing of income tax returns has been reduced from 2 years to 1. Previously, in FY 2016-17, the taxpayer could file his belated returns for the last two financial years, i.e., for the financial year 2014-15 and 2015-16. Any returns related to FY 2013-14 or back could not be filed at all! But now, for the assessment year 2016-17, the taxpayer will have to file his returns before the pertinent assessment year ends! Therefore, the window of opportunity for filing back returns has narrowed down even more! What You Miss When Filing for Belated Returns When you file your returns on time you get the opportunity to file for revised return. But for belated returns, the Income Tax Department doesn’t allow for such claims. In fact, making changes in belated returns attracts serious penalty! In case you are entitled to a tax refund, late filing of income tax returns causes a delay in its processing. The Income Tax Department pays an interest of ½% for every month from 1st April onwards after filing your returns on time. Filing for belated returns means you lose a portion of the interest paid by the Income Tax Department because the date of calculation of interest would now start from the filing of delayed returns. Also, you will not be able to carry forward any of your capital losses to offset them against future capital gains. It is possible only when the returns are filed within the stipulated time frame. Conclusion Be very careful while filing for belated returns. Ensure there is no mistake or error while filling out the Income Tax form because you will not get an opportunity for filing revised returns. Remember to finish the verification process because the acknowledgement for ITR-V will be sent to the Income Tax Department. Though there is no time-limit specified for e-verification, the 120 day time limit applicable to post sent ITR-V could be levied on e-verification too! LIC products have become quite popular these days. You can see new LIC financial products being launched and sold every other day. Since the new IRDA guidelines were declared in February, 2013, new products have been overwhelming the market. If you look at the latest launches, you will find that LIC recently came up with three different versions of the LIC money back investment plans.
Let’s have look at the LIC Money Back Policy new version- An overview The 3 newly introduced plans are:
So, what are Money Back plans- This clearly suggests that these types of plans offer a fixed amount at regular intervals from the basic sum assured. Also, the biggest highlight is that these types of investment plans offer regular bonuses that vary as per the profitability of the organization. Death benefit- According to IRDA guidelines, the death benefit is equivalent to the Sum Assured on death plus bonuses. The total money aggravates to an amount higher of 10 times of the annual premium or 125% of the sum assured. Maturity benefit- This benefit includes the basic sum assured plus the bonus amount. Remember, the bonus amount is as per LIC’s experience and profitability. The insured can pay extra rider premium to avail disability benefit rider and Accidental death benefit. Survival benefit- In case of a policy with term of 20 years, 20% of the sum assured is paid at 5th or 15th or 15th policy year. On the other hand, if it is a policy with 25 years tenure, 15% of the sum assured is paid at 5th, 10th, 15th and 20th year. Invest in LIC Money Back Plan Should you invest in LIC Money Back Policy? Yes, because in these types of plan the surrender value factor is specifically mentioned in product features. Otherwise, in other types of policies, one has to suffer a great deal to learn about the paid up value or surrender value. However, LIC Money Back Policy offers transparent features that help the insured to understand how much to surrender or how much money would be required for continuation. The returns on this policy are determined by age, various rebates and service taxes. When buying the policy, ask for illustrations from clients. Also, ask your agent to calculate the IRR. The agent may tell the insurance company if it is making profit and whether the bonus amount will improve. Other expenses like distribution expenses and other costs are even associated with endowment plan. Other LIC Money Back Policies
Thus, an overall perception of LIC Money Back Policy gives you an idea of what it is, the features and benefits. |
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March 2017
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