Monday, March 20, 2017

Benefits of LIC



Below are the common list of benefits which all LIC policy's will have.
 
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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