A few days back Moneylife Foundation approached the Supreme Court with regard to LIC Jeevan Saral Plan seeking a refund of premiums to the policyholders. Who is to blame for this? LIC, Agents or Policyholders?I have written long back about this product "LIC’s Jeevan Saral-Why so much … [Read more...] about LIC Jeevan Saral – Is it really a scam?
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LIC’s Jeevan Amar (No.855) – Offline Term Life Insurance Review
LIC is soon launching its offline term life insurance LIC’s Jeevan Amar (No.855). It is going to be one of the best plan designed by LIC as far as I know. Let us see the benefits and how it is beneficial for all of us.Note:-Along with this plan, LIC also launched an online term life insurance … [Read more...] about LIC’s Jeevan Amar (No.855) – Offline Term Life Insurance Review
LIC’s Tech-Term (No.854) – Online Term Life Insurance Review
LIC is soon launching its online term life insurance LIC's Tech-Term (No.854). It is going to be one of the best plan designed by LIC as far as I know. Let us see the benefits and how it is beneficial for all of us.LIC's Tech-Term (No.854) is a Non-Linked, Non-Participating Term Life Insurance … [Read more...] about LIC’s Tech-Term (No.854) – Online Term Life Insurance Review
Budget 2019 – TDS on Life Insurance Maturity Amount
We all feel our LIife Insurance Maturity is always tax-free. But many of us unaware that the Government introduced the TDS on Life Insurance Maturity Amount and increased the same during Budget 2019.Hence, let us understand the applicable TDS on Life Insurance Maturity Amount.Before … [Read more...] about Budget 2019 – TDS on Life Insurance Maturity Amount
Full Budget 2019-20 Key Highlights and Changes
Finally, the Full Budget 2019-20 is presented by the Finance Minister. Let us see the highlights of the same. What are the Full Budget 2019-20 Key Highlights and Changes?Major changes were already done during the interim budget. Hence, there are no big changes to it. However, certain changes … [Read more...] about Full Budget 2019-20 Key Highlights and Changes
Budget 2019-20 – Tax Incentive for affordable housing under Sec.80EE
A full-fledged budget was presented by Finance Minister on 5th July 2019. During this budget, there is a certain additional tax incentive for affordable housing were proposed. Let us see the benefits.A new section under Sec.80EE of the IT Act has been inserted in the Union Budget 2019-2020 … [Read more...] about Budget 2019-20 – Tax Incentive for affordable housing under Sec.80EE