Post office benefits

 Post Office Schemes That Changed My Life

How Post Office Plans Safeguard My Future

Why Post Office Savings Are a Hidden Gem for Your Financial Future

“Post Office Benefits You Can’t Ignore”

Know the profit or loss if you want to stop your insurance

Bought life insurance for savings, don't want to run? Know the amount of profit or loss

Know the profit or loss if you want to stop your insurance

At the age of 55, Babu bought life insurance for 12 years for Rs 6 lakh. Premium on quarterly Rs 19,000 after retirement. After retirement, he calculated that he would have to pay a premium of Tk 6 lakh 7 thousand. Since the endowment will be added to the bonus and part of the profit. So when the savings decreased after retirement, he did this insurance with the idea of ​​making up for those savings again. The question is whether it was right as a saving strategy. That has become hot. What is the road in front of him now?

Paytm Insurance: Protecting What Matters

Paytm Insurance: Safeguarding Lives and Livelihoods

Introduction

In an unpredictable world, insurance serves as a crucial safety net, providing individuals and businesses with financial protection against unforeseen risks and uncertainties. Paytm, India's leading digital payments and financial services platform, has emerged as a key player in the insurance industry, offering a wide range of insurance products tailored to the diverse needs of its users. From life and health insurance to vehicle and travel insurance, Paytm Insurance is committed to safeguarding what matters most to its customers. In this article, we delve into the world of Paytm Insurance, exploring its offerings, impact, and the importance of financial protection in today's uncertain times.

CYBER INSURANCE: You have to do digital banking, thieves also take chances-GET YOUR CYBER INSURANCE

You have to do digital banking, thieves also take chances, do you know that insurance has come to save?

CYBER INSURANCE: You have to do digital banking, thieves also take chances-GET YOUR CYBER INSURANCE

Over the last few years, various thieves have been working on your money through the gaps of online banking. The Tamara place became famous as the place of these thieves. Even in the web series. So many people like to trade by check. But the danger is not less in that way. A survey by cyber security firm Norton Life lock found that 80 percent of those surveyed were victims of cyber thieves in one way or another. The number of thefts by forging checks is not less. On it is the signature non-matching happiness.

Which Health Insurance you should buy?

Buying health insurance? What did you buy? An indemnity or fixed benefit?

Which Health Insurance you should buy?

In the early days of Covid, there was always a news headline in the newspaper or on television. And that is the cry of many families under the pressure of just paying for PPE despite having health insurance. And behind this, of course, is the bad habit of not looking at our various risks when buying insurance. Panicked? No, no. There is nothing to get stress over. Indeed, concerning purchasing confirmation, we started with the gift,  then we forgot that there are a lot of issues in the insurance market now. For example, health insurance. 

HOW INSURANCE INCLUDE OTHER RISK INCLUDING DEATH

Life risk means not only death but insurance also includes other risk premiums; Learn how

HOW DOES INSURANCE INCLUDE OTHER RISKS INCLUDING DEATH

You want to ensure to avoid life risks. Talked to everyone. Because there are different types of insurance available in the market now. Stressed over which one to purchase.  The insurance agent has come to you. You mean, like, saltines and their ilk, eh? But do not understand what to do. Is that so?

So think first about the risk of life. Protection yet not investment funds.  Be that as it may, prior to purchasing protection, chant it like a mantra! This is how your thinking can go. One of the risks of life is sudden death. So avoid buying life insurance. Now think, is the risk of life only death? But you are measuring the risk financially. You additionally need to remember this. You are reading the paper every day, you can't get out of bed after being hit by a motorbike or a bus on the road. Many additionally became fruitless. Then? That too is a risk to life. Isn't it? Then the thought of earning will also become bigger.

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Think of the state of your family in your absence. Insured ordinary life. That has to be done. In your absence, your family got the money in one go. But if that is the case, then the monthly income of the family is also arranged in exchange for a little more money. It was a relief for a family. Isn't it? So before buying insurance, think about your needs. And combine that demand with the provision of financial resources at the risk of wider lives. Buy some more ‘riders’ or different risk management measures in the same insurance. Here are two examples of riders:

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Rider not to pay a premium in case of infirmity

Many people have accidents that make them helpless. In such a situation, it becomes difficult to pay the insurance premium. Then there is the advantage of buying this rider. If you have this rider then you don't have to pay the rest of the premium. At the same time, all the conditions that you have bought to meet the conditions of insurance will remain in force.

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Accidental death

Many ask why buy this rider? If I die, I will get money. That's right. But many do not realize that there is a financial difference between normal death and accidental death. It sounds bad, yet, on the off chance that you bite the dust in a mishap,  the financial risk of the family increases a lot. Not only the cost of the hospital but also the cost of the place, without going into which it can be said that if this rider can be bought with insurance at a little extra cost, then with the money usually available, there is more that can be used for the family.

DELUXE DEALS

Deluxe is most known as the leader in printing customized blank checks for people and businesses. Deluxe also offers other products to help small businesses including web services, and search engine marketing.

There are also some riders who get compensation for hand or foot or any limb damage for any reason which helps tremendously during rehabilitation. So when buying insurance, keep in mind the possibility of buying this rider.

KNOW MORE: How to revive an insurance policy if it lapses

Opportunity to earn monthly

There are some riders or whole policies that provide long-term monthly income to your family without paying a penny in your absence. Many people think that it is better to look for this kind of rider when buying a policy. Think about it, on the off chance that you have a truckload of cash close by, there is a strong possibility that it will fly away in times of danger. And in the long run, the family is much more likely to sit on the road. So if you have this kind of rider or policy with you, you can find a great deal of harmony in the psyche.

In fact, the key is to not only consider the risk of life in terms of death but also think of its various possibilities. And afterward, decide to buy security. That is the benefit.

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FAQ

Which insurance covers risk of death?

Life insurance is the primary coverage designed to mitigate the financial risks associated with death. This crucial form of protection ensures that in the unfortunate event of the policyholder's demise, beneficiaries receive a predetermined sum. Life insurance provides a financial safety net, supporting loved ones by covering expenses like funeral costs, debts, and daily living expenses. Policy options vary, including term life, whole life, and universal life insurance, each offering unique features. Choosing the right coverage depends on individual needs, financial goals, and long-term plans. Effectively, life insurance serves as a thoughtful and responsible investment to safeguard against the uncertainties of mortality.

What is risk of death life insurance?

"Risk of death" life insurance, commonly known as life insurance, is a financial safeguard against the uncertainties of mortality. This type of insurance provides a payout to beneficiaries in the event of the policyholder's death. It serves as a crucial means to mitigate the financial impact on loved ones by covering funeral expenses, debts, and ongoing living costs. The risk of death life insurance comes in various forms, including term life, whole life, and universal life policies, offering flexibility and tailored solutions. By addressing the inherent risk of mortality, this insurance provides peace of mind and ensures financial stability for families during challenging times.

What type of death is not covered in term insurance?

Term insurance typically does not cover death resulting from suicide within the policy's initial years, often a two-year period. If the policyholder dies by suicide during this time, the beneficiaries may not receive the full death benefit. Additionally, death caused by engaging in hazardous activities or illegal actions may lead to claim denials. Intentional acts of self-harm or death during the commission of a crime might not be covered. It's crucial to thoroughly understand the policy terms and exclusions to ensure adequate coverage. Policyholders should transparently disclose information during the application process to prevent complications in the event of a claim.

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8 Types of Death that are Not Covered in Term Insurance Policy

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How to Build Best Insurance Portfolio?

Step by step way of building insurance portfolio

How to Build Best Insurance Portfolio? 

Creating an insurance portfolio requires perfect planning and an overall sense of self-need. The risk to everyone's life is not the same, because each of us has different assets and responsibilities.

The insurance portfolio should be built in such a way that in case of any untoward incident, the gaps in your financial position can be filled with insurance and the goals do not have to change. What should be possible? How about we investigate. 

How to Buy The Insurance Plan, know what the insurance company has to do ?

Bought insurance, but do you know what an insurance company has to do before bringing it to market?

How to Buy The Insurance Plan, know what the insurance company has to do?

Insurance is for managing risk. And the risk of life remains the same. Could we still think of the extreme two years ago today? What about the need for insurance to cover the huge cost of his treatment? But as soon as this risk came into our life, Kovid Kavach came to the market realizing its need.

In fact, the risk of life changes over time. The demand for new insurance is also created in the market. And in line with that, insurance companies also come to the market with new projects. Keeping your business profitable by keeping these projects relevant is not a straightforward task. This includes complex numerical calculations and, of course, obtaining the approval of the insurance regulator before they are released into the market.

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This is the initial phase in making the task. 

 Before planning an insurance project, companies study the market in detail to understand the needs and shortcomings of the buyer. Different levels of surveys are run. The answers to the following questions are collected:

What products and offers are already available

What are the expectations of the buyers towards the new offer and how can they be fulfilled

Competing companies are offering similar products

How big is the market for new offers in terms of revenue and profit

Can this product change the pace of the market? If so, what impact will it have on buyers and the insurance industry?

Insurance is also a product to keep in mind. What's more, similar to any remaining items, its ultimate goal is to meet the needs of buyers. It’s true that if a project can touch buyer’s problem areas, it’s easier to sell. With the help of the information found in the survey, a project is created in such a way that it can meet the needs of the people.

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Market survey

This is the next step in creating an insurance plan. Insurance companies identify the various risks associated with projects. Again, while a project may be profitable for a number of people, it may not be useful for the association.   It is also necessary to review whether the project will survive. Wrapping up a plan hurts the feelings of the buyer or damages the insurance company's brand image. So comprehend.  Moreover, it takes a lot of time, labor, furthermore, cash to make new ventures. As a result, on the off chance that the venture isn't practical, its impact ultimately falls on revenue.

Price fixing

Once the risks of the product are understood, it is time to fix the price. This is one of the challenges that insurance companies face. In other businesses, the price of the product is determined based on the price of the material and the amount of profit. But when the insurance company first sells a project, its genuine cost isn't known. 

The actual price is known when all the claims of the policyholders are settled. So insurance companies estimate future risk trends based on historical data and set premiums and project prices. Nowadays, companies use advanced analytical techniques to calculate what might happen, furthermore, to decide the valuing technique.

Apply for IRDAI approval

Before launching any insurance product in the market by arranging the strategy, one has to apply for the approval of the Insurance Regulatory and Development Authority of India.

Keep in mind that this application has to be done in a specific format, in which everything related to the product needs to be explained.

From the general description to the characteristics of the project, for whom it is made, the way of delivery — everything has to be written in detail in this application. The regulator approves a project only if all criteria are met. After the approval of IRDAI, the marketing department of the insurance companies named the market to sell the project.

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Conclusion

Creating an insurance scheme is a complex process. There are a lot of internal and external issues that insurance companies have to think about before creating new projects and bringing them to market. External issues include digital supply, when, where, where insurance services will be available, etc. Internal issues include increased profits and the creation of a variety of supply routes.

Accidentally insurance taken or not?

Accidentally insurance taken or not?

Accident insurance is an absolute necessity today. According to the growing number of accidents, your future may change if you take out accident insurance with Life Insurance.

Anil bought a new car. Driven for the first time on the highway and unfortunately got into an accident. The car was badly damaged and Anil lost an arm. There was car insurance, so I got the money, but millions of rupees were spent on Anil’s treatment and the work was done differently.

It would have been better if Anil had got himself accident insurance along with car insurance. Often we complete life insurance for income tax purposes or from an investment point of view, but either don’t know or don’t care about getting accident insurance.

Your Money: Check out use based engine protection approaches

Check out using based engine protection approaches

Check out using based engine protection approaches 

Representatives all through the nation are being urged to telecommute, the greater part of the shopping is going on the web, and numerous different things the manner in which we used to do before are evolving as well.

Since most organizations have embraced telecommute strategy because of the continuous Covid-19 pandemic, there has been an extreme across the country decrease in the number of kilometers we drive. From mid-March through June first week, the absolute number of kilometers driven is somewhere around practically half countrywide, as indicated by late media reports. These are some really bizarre occasions as unprecedented changes have gotten normal in practically all parts of our lives.

Representatives all through the nation are being urged to telecommute, the majority of the shopping is going on the web, and numerous different things the manner in which we used to do before are evolving as well.

Since most organizations have received work-from-home arrangements because of the continuous Covid-19 pandemic, there has been an intense across the country decrease in the number of kilometers we drive. From mid-March through June first week, the all-out number of kilometers driven is somewhere around practically half countrywide, as indicated by late media reports. These are some genuinely unusual occasions as exceptional changes have gotten normal in basically all parts of our lives.

Representatives all through the nation are being urged to telecommute, a large portion of the shopping is occurring on the web, and numerous different things the manner in which we used to do before are evolving as well. With development occurring all over, for what reason should protection be forgotten about?

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On that note, we currently at long last have use-based engine protection strategies in India. The new sort of vehicle protection arrangements, propelled by various guarantors, permits vehicle proprietors to safeguard their vehicles for kilometers they will in general drive rather than the common entire year. For every one of those searching for a vehicle protection strategy that is estimated depending on the amount you really drive, pay-as-you-use protection might be the appropriate response.

Representatives all through the nation are being urged to telecommute, the vast majority of the shopping is occurring on the web, and numerous different things the manner in which we used to do before are evolving as well. With advancement occurring all over the place, for what reason should protection be forgotten about?

On that note, we currently at long last have utilization-based engine protection approaches in India. The new sort of vehicle protection arrangements, propelled by various safety net providers, permits vehicle proprietors to guarantee their vehicles for kilometers they will in general drive rather than the ordinary entire year. For each one of those searching for a vehicle protection strategy that is evaluated dependent on the amount you really drive, pay-as-you-use protection might be the appropriate response

In the course of recent weeks, a bunch of insurance agencies has begun offering pay-as-you-drive protection. For drivers who aren't continually out and about, these plans could offer a chance to decrease vehicle protection costs.

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Edelweiss SWITCH

Edelweiss General Insurance's Edelweiss SWITCH is a driver-based engine protection strategy that not just permits vehicle proprietors to switch their engine protection 'on' and 'off' in light of use, yet in addition covers various vehicles under a solitary arrangement as it is a floater strategy. Not at all like a conventional engine's own harm strategy, protection premium for SWITCH will be determined based on the age and experience of the driver.

Bharti AXA Pay-as-you-drive

Bharti AXA General Insurance will presently offer utilization-based engine protection arrangements for private vehicle proprietors under IRDAI s Sandbox venture. The Pay-as-you-drive protection item will be a blend of both thorough own harm (OD) and outsider (TP) strategy wherein the TP premium will be chosen according to the IRDAI standards while the far-reaching OD premium will be determined premise what number of kilometers you mean to drive your vehicle in a given timespan. Right now, the guarantor has thought of three pieces—2,500 km, 5,000 km, and 7,500 km under the Pay-as-you drive engine protection strategy.

With the presentation of Pay-as-you-use, engine protection will advance to turn out to be significantly more receptive to the necessities of the clients. The move bodes well in unsure occasions when pointless excursions are disheartened by the legislature and associations and representatives the same are finding the advantages of telecommuting.

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Somebody who doesn't drive much may set aside cash by changing to Pay-as-you-use vehicle protection.

In any case, while thinking about the amount you drive, don't erroneously factor in the timeframe your drive takes, particularly in the event that you invest energy sitting in clogged rush hour gridlock. It isn't about to what extent you spend in your vehicle. It is the separation you are driving. The 'Pay-as-you-drive' model will without a doubt improve protection entrance in the general part by bringing an ever-increasing number of vehicles under the protection umbrella.

Representatives all through the nation are being urged to telecommute, the greater part of the shopping is going on the web, and numerous different things the manner in which we used to do before are evolving as well. Representatives all through the nation are being urged to telecommute, the majority of the shopping is going on the web, and numerous different things the manner in which we used to do before are evolving as well. Representatives all through the nation are being urged to telecommute, a large portion of the shopping is occurring on the web, and numerous different things the manner in which we used to do before are evolving as well. The new sort of vehicle protection arrangements, propelled by various guarantors, permits vehicle proprietors to safeguard their vehicles for kilometers they will in general drive rather than the common entire year. For every one of those searching for a vehicle protection strategy that is estimated depending on the amount you really drive, pay-as-you-use protection might be the appropriate response. Representatives all through the nation are being urged to telecommute, the vast majority of the shopping is occurring on the web, and numerous different things the manner in which we used to do before are evolving as well. For each one of those searching for a vehicle protection strategy that is evaluated dependent on the amount you really drive, pay-as-you-use protection might be the appropriate response In the course of recent weeks, a bunch of insurance agencies has begun offering pay-as-you-drive protection. The Pay-as-you-drive protection item will be a blend of both thorough own harm and outsider strategy wherein the TP premium will be chosen according to the IRDAI standards while the far-reaching OD premium will be determined premise what number of kilometers you mean to drive your vehicle in a given timespan. With the presentation of Pay-as-you-use, engine protection will advance to turn out to be significantly more receptive to the necessities of the clients. The 'Pay-as-you-drive' model will without a doubt improve protection entrance in the general part by bringing an ever-increasing number of vehicles under the protection umbrella.

The new sort of vehicle protection arrangements, propelled by various guarantors, permits vehicle proprietors to safeguard their vehicles for kilometers they will in general drive rather than the common entire year. For every one of those searching for a vehicle protection strategy that is estimated depending on the amount you really drive, pay-as-you-use protection might be the appropriate response. For each one of those searching for a vehicle protection strategy that is evaluated dependent on the amount you really drive, pay-as-you-use protection might be the appropriate response In the course of recent weeks, a bunch of insurance agencies has begun offering pay-as-you-drive protection.

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LIC Pension Scheme: you can get pension with better returns.

 LIC Pension Scheme: In this scheme of LIC, you can get a pension with investment even at the age of 80, you get better returns.

LIC Jeevan Shanti yojana: 

If you are a job, small business, farmer, or unorganized sector worker, but plan to live life better after the age of retirement, then for such people in LIC A better plan is LIC Jeevan Shanti Plan. This plan gives better returns as well as income tax exemption. Come, know what is the benefit of this plan and how it can be achieved.

What is the plan?

LIC Jeevan Shanti Yojana

 Is a single premium plan with a dual option of return. Both these options can be immediate or future pension. This is a kind of pension scheme, from which many types of benefits can be availed. It is a completely non-linked and non-participating plan. With the help of this scheme, people can get benefits in many ways.

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What are the two scheme options?

In this scheme, investors are given two options to get a pension or benefits. It has immediate and deferred plans. There are many options to choose from in both these schemes. Out of the nine immediate annual options, there are two plans in which there is also the option of life insurance. There are two options for purchasing a future pension plan. Both cover life risks. Return can be availed immediately in the immediate annuity plan, while in the deferred annuity plan, the time can be selected when you want to get the return.

These are the options of the Tatkal Pension Scheme

Option A: This is an immediate pension plan. In this, the policyholder gets immediate returns and can get lifetime returns. In this, returns can be found monthly, quarterly, yearly, or two years. The pension stops after the death of the policyholder.

Option B: According to this option of the plan, there is a guaranteed payment for a term of five years. Since it is an instant pension scheme, the payment starts immediately. If the policyholder dies during the prescribed five years, his family members get the guaranteed amount.

Option C: In this option of the plan the policyholder gets a guaranteed return for a period of 10 years. If there is an accident with the policyholder during this period, then their families get the pension amount.

Option D: This option is an immediate pension option with a guaranteed term of 15 years. Even after this period, if the policyholder remains alive, he still remains entitled to a pension throughout his life.

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Option E: In this option, the policyholder gets a pension for a period of 20 years. During this time, if the policyholder dies, his nominee will continue to receive the pension amount for a fixed period.

Option F: This option is one of the immediate pension schemes and in this, the policyholder can get the benefit of his family after death. In such a situation, the nominee will also get the applicable return along with the sum assured.

Option G: In this option of the scheme, pension increases by 3% every year.

Option H: This is a joint pension scheme and at the time of the death of the policyholder, the other person gets 50 percent of the pension amount till he survives.

Option I: This is also a joint pension scheme. Under this option, if something happens to one policyholder, then the other person gets 100 percent benefit from this scheme.

Option J: This option is also a joint pension scheme and in the event of something happening to one policyholder, the other can get 100 percent benefit of the scheme on an annual basis. The policyholder gets cover even at the time of his death. The amount that he is entitled to receive is given as a return along with the sum assured.

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Deferred pension options

There are two options of the deferred pension scheme, in which benefits can be obtained after a certain period. Its first option involves the life of only one person. In this, the beneficiary gets a death benefit at the time of death of the policyholder before the stipulated period. In the other option, pension is calculated on the basis of annual return. In case of death of the policyholder, the beneficiary gets death benefit, but the pension is stopped immediately.

Who can buy the plan

Under this scheme, any citizen of India can buy the plan of LIC Jeevan Shanti Yojana. Under this scheme, a man of 30 years to 79 years can also buy a plan. However, for option F of this plan, a 100-year-old man can also buy its plan.

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What is the investment amount?

The minimum amount of investment under LIC Jeevan Shanti Yojana has been fixed at Rs 1.5 lakh and there is no upper limit for this. Premium amount can also be deposited in this lump sum.

These are the options of the Tatkal Pension Scheme Option A: This is an immediate pension plan. Option B: According to this option of the plan, there is a guaranteed payment for a term of five years. Option C: In this option of the plan the policyholder gets a guaranteed return for a period of 10 years. Option E: In this option, the policyholder gets a pension for a period of 20 years. Option F: This option is one of the immediate pension schemes and in this, the policyholder can get the benefit of his family after death. Option H: This is a joint pension scheme and at the time of the death of the policyholder, the other person gets 50 percent of the pension amount till he survives. Option J: This option is also a joint pension scheme and in the event of something happening to one policyholder, the other can get 100 percent benefit of the scheme on an annual basis. Deferred pension options There are two options of the deferred pension scheme, in which benefits can be obtained after a certain period. In this, the beneficiary gets a death benefit at the time of death of the policyholder before the stipulated period. In the other option, pension is calculated on the basis of annual return.

Option F: This option is one of the immediate pension schemes and in this, the policyholder can get the benefit of his family after death. Option J: This option is also a joint pension scheme and in the event of something happening to one policyholder, the other can get 100 percent benefit of the scheme on an annual basis. Deferred pension options There are two options of the deferred pension scheme, in which benefits can be obtained after a certain period.

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3 Best LIC Pension Plans in 2021 | Insurance Policy | PolicyX

     LIC New Jeevan Shanti Policy 858 | Pension Plan 2022 | Lic Jeevan Shanti Policy

4 Best LIC Pension Plans in 2022 | Financial Monk

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FAQ--

What is LIC Annual Pension Plan?

An annuity plan, as the name suggests, provides you with a regular income throughout your life after making a lump sum investment. What happens with an annuity plan is that your life insurance company invests your money and returns what it pays when you retire.

How can I get 50000 pension per month?

So, to get Rs 50,000 per month or around Rs 6 lakh annually, you need to invest around Rs 80 lakh. Senior Citizen Savings Scheme (SCSS) is a safer option with an annual interest rate of 7.4 per cent, but you can invest only up to Rs 15 lakh in each scheme.

LIC Pension Tax Free?

Any amount received through conversion of pension between Jeevan Suraksha and Jeevan Nidhi annuity plans is tax free.

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INVESTMENT BOOKS

LIC Jeevan Labh Policy: become a millionaire

LIC Jeevan Labh Policy: By investing Rs 17 per day you will become a millionaire

 LIC Jeevan Labh Policy: become a millionaire

LIC Jeevan Labh Policy comes under Non-Linked Plan

Simple Reversionary Bonus and Final Edition Bonus are available in the plan

There are many ways at present to secure yourself financially for the future. As a current venture and investment people are going towards SIP investment and mutual funds. Both of them depend on the mood of the market. On the off chance that the market is progressing nicely, then there will be profit or loss. If you want to invest and you want that you do not suffer loss and get both profit and protection, then you should go towards such a policy of LIC which is not linked to the stock market i.e. LIC's Non-Linked Plan (LIC Non-Linked Plan). Today we will enlighten you regarding a particularly non-connected arrangement,  which can make you a millionaire soon with an investment of Rs 17 per day. The name of this policy is LIC Jeevan Labh Policy.

 ALSO READ: SEVEN BEST INVESTMENT OPTIONS

Here are some of the special features of

The policy - Only people between the age group of 8 to 59 years can take this policy.

The development age of this strategy is 75 years.  The strategy term can be taken from 16 to 25 years. At least two lakh rupees have to be taken sum assured. There is no boundary of the highest point.

Compensation for accidental death and disability has been included in this policy.

15 Practuce Sets Bhartiya Jeevan Bima Nigam (LIC) Prashikshu Vikas Adhikari (ADO) Bharti Pariksha 2015 

On the off chance that you spend a premium of Rs 1,55,328 for 25 years i.e. Rs 518 i.e. Rs 17 per month, then on

The maturity you will get is about Rs 4.04 lakh with a bonus.

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Know about the benefits of the policy

- There is also limited premium payment which means the premium paying term is less than the policy term or maturity period.

- At the same time security and assured returns facilities are also available.

Loan facility available after paying a premium for three years.

Add-on riders facility in the form of Accidental Death and Disability Benefit Rider.

Expense exception under segment 80C of Income Tax on premium. 

Expense exception on development sum under segment 10(10D) of Income Tax. 

ALSO VIEW: LIC Pension Scheme: you can get a pension with better returns.

This is how the payout is

If the policyholder dies and he has paid all the premiums without any interruption till the death, then the nominee is paid in full by adding the Sum Assured, Reversionary Bonus, and Final Addition Bonus. The special thing is that the death benefit received here should not be less than 105 percent of the total premium paid till the death of the policyholder. Where the policyholder survives the entire term and has paid all the premiums till maturity, he/she is paid the Sum Assured along with the  Reversionary Bonus, and Final Addition Bonus.

LIC Jeevan Labh Policy comes under Non-Linked Plan Simple Reversionary Bonus and Final Edition Bonus are available in the plan There are many ways at present to secure yourself financially for the future. Both of them depend on the mood of the market. On the off chance that the market is progressing nicely, then there will be profit or loss. If you want to invest and you want that you do not suffer loss and get both profit and protection, then you should go towards such a policy of LIC which is not linked to the stock market i.e. The name of this policy is LIC Jeevan Labh Policy. Here are some of the special features of The policy - Only people between the age group of 8 to 59 years can take this policy. The development age of this strategy is 75 years. On the off chance that you spend a premium of Rs 1,55,328 for 25 years i.e. Know about the benefits of the policy - There is also limited premium payment which means the premium paying term is less than the policy term or maturity period.- At the same time security and assured returns facilities are also available. Add-on riders facility in the form of Accidental Death and Disability Benefit Rider.

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The name of this policy is LIC Jeevan Labh Policy.LIC LIC Jeevan Labh Policy comes under Non-Linked Plan Simple Reversionary Bonus and Final Edition Bonus are available in the plan There are many ways at present to secure yourself financially for the future. On the off chance that the market is progressing nicely, then there will be profit or loss. On the off chance that you spend a premium of Rs 1,55,328 for 25 years i.e. Here are some of the special features of The policy - Only people between the age group of 8 to 59 years can take this policy. Add-on riders facility in the form of Accidental Death and Disability Benefit Rider. Both of them depend on the mood of the market.

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FAQ

Is it worth investing in LIC Life Profit?

If you choose to invest in this policy, you can be rest assured that in the event of your unfortunate demise, your family's future is secured and their needs are taken care of. Moreover, LIC's Jeevan Benefits offer significant flexibility in terms of policy term, premium paying term, age etc.

How much money will I get from Life Benefit Policy?

Using the LIC Life Benefit Calculator, the annual premium comes to Rs 54,707. Higher of (7 x 54,707 = Rs. 3.82 lakh) or BSA (Rs. 10 lakh), which means the nominee will get the latter. For 10 years, the bonus will be Rs (44 x 10,00,000/1,000) x 10 = Rs. 4.4 lakhs.

How To Make Your Product Stand Out With WHAT IS THE RETURN PERCENTAGE OF LIC JEEVAN LABH?

10 times the annualized premium or maximum Sum Assured on death of the Basic Life Assured. The death benefit shall not be less than 105% of the total premium amount paid as on the date of death.

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GET 50000 EVERY MONTH THROUGH LIC Saral Pension Yojana, know how.

SINGLE PREMIUM, GET 50000 PER MONTH AS PENSION

Most of individuals need to consume a quality time on earth. Quality life, notwithstanding, is commonly a costly undertaking that calls for cautious monetary preparation. In luxurious urban areas as well as in clumsy urban areas, keeping up with financial equilibrium has turned into the go-to technique. The vast majority search for the best monetary speculation from where they can get expand and get returns.

Here is the detail of LIC's approach from where you will begin getting cash at 40 years old. The name of this strategy is Saral Pension Yojana, in which you can get a benefits even from the age of 40 years. Allow us to examine this plan.

A premium of the POLICY

This is a kind of single premium benefits plan, in which you need to pay the premium just a single time and you can procure forever. Saral Pension Yojana is a prompt annuity plan, and that implies you begin getting a benefits when you take the strategy. When you take the approach, your benefits will continue as before ever.

Rules and Regulations

There are two classifications of this premium.

Single Life- - In this, the arrangement will stay for the sake of the policyholder. In any circumstance, strategy can't be moved to someone else. However long the beneficiary is alive, he will keep on getting the benefits. After his passing, how much the base premium will be gotten back to his chosen one.

Joint Life- - In this, the two companions have inclusion. However long the essential retired people are alive, they will keep on getting annuities. After his passing, his companion will keep on getting a benefits forever. After his passing, how much base premium will be given over to his chosen one.

Age limit

The base age limit to serve this plan is 40 years and the most extreme is 80 years.

Advantages of this strategy:

- It is an entire life strategy, so the benefits is accessible for the entire life.

- Saral Pension Policy can be given up whenever following a half year from the date of initiation.

- You can take a benefits consistently.

- Aside from this, it can likewise be taken on a quarterly, half-yearly, and yearly premise.

Annuity plot

Assuming you need cash consistently, you need to take something like 1000 rupees benefits. In this, you need to pick a base benefits of Rs 12000. In the event that you have kept a solitary premium of Rs 10 lakh, you will begin getting Rs 50, 250 yearly. Aside from this, assuming that you need your stored sum back in the center, subsequent to deducting 5%, you get the saved sum back.

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How to revive an insurance policy if it lapses

 Learn from experts how to revive an insurance policy if it lapses

How to revive an insurance policy if it lapses

Insurance plans are a better option to give financial security to your family. This is because it is an economical and safe way to get the sum assured to the family members when you are not there.

Insurance plans are a better option to give financial security to your family. This is because it is an economical and safe way to get the sum assured to the family members when you are not there. The annual premium rates of these plans are very low. But have you ever wondered what can happen to the policy if you fail to pay the premium on time? Will this cause your policy to be discontinued? We are going to answer these questions of yours in this news.

When does an insurance policy lapse?

After purchasing any type of insurance policy, the premium is paid for it every year for a certain period. If due to any reason you are not able to pay it on time, then, at that point the strategy is ended. There could be no other choice to begin it.  In such a situation, the option of buying a new policy remains. It is costlier than the old policy as it increases the age of the applicant.

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Expert Opinion

Financial planners believe that in case of lapse of the insurance policy, the policy can be revived by paying a premium along with a fixed interest. On the other hand, if you do not pay and it is a traditional policy, then it becomes a paid-up policy at the end of the lapse period. The Sum Assured is reduced in a paid-up policy. It depends on the premium paid by you. Also, the sum assured is available only on the maturity of the policy.

Know what to do in case the policy lapses

Revive the lapsed policy in this way

When you fail to pay the insurance premium, the policy is transferred to the grace period state. Under this, it becomes the responsibility of the insurance company to pay the sum assured to the beneficiary after the death of the policyholder. Generally, the insurer gives a grace period of 30 days for premiums for half-yearly and one-year terms and 15 days for monthly payments. However, this period might shift from one organization to another.  During this grace period, the policyholder can reactivate his/her insurance policy by paying the premium. For information, let us tell you that the policy is considered to lapse after the grace period is over.

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What happens when the policy lapses

If the grace period given by the insurance company expires and no premium is paid to activate it, the policy will lapse. In such a situation, the recipient won't get the aggregate guaranteed after the demise of the policyholder. 

Understand by example

If a person dies in an accident and misses the premium payment of the term plan. In such a situation, if the accident happened during the grace period, then the family members can file the claim and the insurance company will have to bear the sum assured. At the same time, if the accident happened after the lapse of the policy, then the insurance company will not pay any kind of sum assured to the family.

However, the lapsed policy is not useless at all. It can also be activated. For this, the policyholder has to go through the reinstatement process. Most companies offer the option to revive the lapsed policy. This process can prove to be a bit costly. This is because medical checkups or penalties may have to be paid in it.

The process of reviving a lapsed policy is called reinstatement. It can be availed only when the grace period is over. The reinstatement process of lapse policy differs from company to company. Also, it relies upon the time passed, product type, and insurance cost.

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