Uncertainty is an inevitable part of life. Any person would want to hedge an uncertain risk and an insurance product provides just the right thing to all those looking for a guaranteed security in case of a potential loss.
A Life Insurance product is a contract between an insurer and a policy holder. The insurer, on the death or in case of critical illness of the insured, is liable to pay to the beneficiary a pre-determined sum of money-as specified in the contract, against which the insured pays a set amount as premium on a continual basis.
LIC Tax saving plans with life insurance and guaranteed returns are considered to be the best of all Investments for salaried people and businessmen. LIC Tax Saving plans can be started with minimum of Rs. 1,000/- and by investing regularly and it gives dual Tax benefits under Income Tax Act.
As LIC of India is fully owned by Government of India and LIC of India with highest Claim settlement ratio, makes everyone feel safe and secured.
More often the not, the liability of the family lies on the shoulders of one person. The earning member of the household can safeguard his family’s future by buying a life insurance contract against his life and ensure a lump sum payment for the beneficiary/ beneficiaries on occurrence of his death or after expiration of the policy, whichever is earlier.
LIC India Agent studies the individuals need profile and his financial condition/liabilities and offers appropriate plans to its customers.
The money invested in life insurance scheme acts as a reserve which can be exploited in case the businessman needs sudden funds. Apart from this Businesses can take tax benefit by applying for employer employee scheme. It will give employees peace of mind and eventually they will not switch thier jobs.
A customer looking for a suitable Life Insurance plan cannot know the loopholes and benefits that every plan entails. And that is when WE step in-to make your life simpler by being your representative for the LIC of India.
Let me tell you one thing you will live completely tension free once you have planned your life insurance. "Sooner or later ! you have to decide"
|Income Slab||Individuals below 60 years||Senior Citizen (Above 60)||Super Senior Citizens|
(Above 80 Years )
|Up to Rs.2,50,000||Nil||Nil||Nil|
|From Rs 2,50,001 to RS 3,00,000||5%||Nil||Nil|
|From 3,50,001 To Rs 5,00,000||5%||5%||Nil|
|From 5,00,001 To Rs 10,00,000||20%||20%||20%|
|From 10,00,001 and above||30%||30%||30%|
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