1. Save
Income Tax for long term under 80C:
When you pay premium, the amount is eligible
to be exempted from income Tax under 80C. Career is long and you have to pay
income tax till your retirement. So, In LIC when you pay Premium for long term
you can save tax for so many years.
2. Very good
returns with profit:
LIC always provides savings with security.
You will get good returns with profit so you can always plan ‘save for purpose’
with objective of an event or responsibility in your mind.
3. Returns
are Tax free:
Normally, in
Bank FD, RD and other schemes like NSC returns are considered as income and
taxed again where as in LIC it’s not the case, Here Returns are tax free and it’s
a big gain.
4. Protect
your family and loved ones in case of life risk:
It is Life
insurance and in case of death of life assured his family, dependents will be
protected with risk coverage amount to secure future. It is like power generator
if main power goes off then Generator supplied power will provide light and
other services. similarly, LIC will fund money in case of bread winner’s demise.
5.
Disciplined Investment:
Discipline
is needed to achieve any financial goals. As you will invest regularly and compulsorily
in schemes like LIC you will get planned amount with success and achieve your
goals.
6. Insurance
bond as collateral security:
When you
take loan from bank, you can submit you LIC bond as collateral security which
gives guarantee that in case of death of borrower money can be recovered from
LIC.
7. Liquidity
through loan at lower interest rate:
When you
need loan, LIC provides personal loan at lower interest rate than banks to its
customers.
So why wait
when there are only great benefits in taking insurance, which will be best decision
of your life.
Call us for appointment to plan right today and enjoy benefits
Call us @ 9901422522, Bengaluru. Mail id: Swetha.Tejasvi@gmail.com
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