KAVACH KUNDAL YOJNA

LIC OFFER FOR YOU AND YOUR CHILD KAVACH KUNDAL YOJNA  IS LIKE ARJUN IN MAHABHARAT PROTECTION COVER FOR GAVE HIM FROM HIS PARENTS IS ALSO LIKE YOU GIFT THIS PLAN FOR YOUR CHILDS FUTURE

IF YOU INTERSTED SO MORE ABOUT THIS CONTACT ME.. 7503042733/8448745801

VIKAS SAXENA

LIFE ADVISOR

LIC OF INDIA

LIC Kanyadan policy

Kanyadan Policy – Premium Charges & Policy Chart

A perfect financial gift for your beloved daughter, this LIC kanyadan policy is a unique plan for the education and marriage funding of your girl child. This LIC plan is a combo of specially researched plans to meet the objective of maximum profit.

In today’s time, it is not enough to save up for the marriage of your daughter. If you think it is sufficient to plan for your daughter’s marriage then you are not on the right track. Indeed, it is better to plan something that can provide her financial security for her education, marriage and other special milestones in her life. Relieve yourself from the planning of school, college fees, her upbringing and marriage. This policy will protect your child from any unseen future or dangerous event.

Your daughter is precious and hence she deserves a priceless gift for her entire lifetime.

• With this policy, you can gift financial freedom to your daughter.
• Even if your parents are not around, this kanyadan policy will always accompany you.
• This policy guarantees lifetime financial independence to your child, even after her marriage.
• Premiums have to be paid only for a short duration- such as paying once, 6, 10, 15 or for 20 years.

This policy is a gift that will last for her lifetime.

Key features LIC Kanyadan Policy

Specially designed for the daughter’s marriage, this policy has following important features:

• If in any case the father expires, the premium of the policy is waved off.
• Immediate 10 L on accidental demise.
• Immediate 5 L on non-accidental demise.
• 50,000 every year till maturity year.
• Maturity amount on maturity.

NRI’s can opt for this plan without even visiting India, from wherever they live. This policy also refelects the features of Narendra modi‘s Sukanya Samriddhi Yojana.

Benefits of LIC Kanyadan policy

• This policy is a unique blend is a whole life plan+ money back plan.
• This policy lasts even if the market interests fall, this is a perfect tax-free gift.
• In this policy, risk cover continues for lifetime to the extent of sum assured + loyalty perks and additions
• The best part is this policy kept on paying your daughter even after her marriage. Every year till lifetime.
  

Illustration: Here is an example to make the point more clear

Let us suppose

• Father’s age: 30 years
• Daughter’s age: 1 year
• SA: Rs 7,50,000
• Term 20/20 without any rider

Benefit: If the father saves Rs 100 each day continuously for 20 years, the child will get back Rs 7,20,000. After this Rs 41,250 are guaranteed for lifetime up to the age of hundred.

Or you can say, if you save Rs.60 daily for 25 years (Rs.1844 per month of premium), you can get maturity amount of Rs.13.50 lacs (while you just invested Rs.4,68,375 in 25 years).

What if you save Rs 10000 per day for your girl?

The benefits after 15 years will be as follows:

Education Fees Benefit:  The child will get 50 lacs per year once she completes 16 years of age. This benefit will be paid till the girl will turn 26 years old.  (Total 10 installments).

Pension Plan: The child gets lifetime pension benefit of 45000 per month once she completes 26 years. The whole-life insurance cover of Rs 1 crore is an addition.

Tax saving concepts

Good salary open gates for expectation, expenditure, happiness and the unforgettable ‘taxes’. And tax saving is a crucial task to perform though you might resist saying it’s too early or what’s the need etc. But, one needs to do proper planning instead of reckless spending in order to save taxes. According to section 80C of the Income tax Act, certain investments are deductible from the total income thus lowering your taxable fraction. The upper cap on such deduction is Rs 1,00,000.

PPF – Public Provident Fund

PPF is one of the best and safest long term investment options. It is the first thing that comes to most of our mind when planning to save money. This 15 year investment plan is good for both business and salaried people. With a tax free 8.8% interest (keeps changing), one needs to submit at least an amount of Rs 500 and a maximum of 1 lakh per year. Placed under Income-tax section 80C, it gives a tax exemption for salaried people.

Life Insurance

Lowering your taxable fractions, life insurance premium also come under income tax section 80C. The premium you pay on your life insurance premium is deductible from your taxable income. It is one of the leading tax saving investments under section 80C.

NSC – National Saving Certificate

Yet another investment mode which helps in tax relaxation under section 80C, NSC is for 5 years to 10 years with an interest rate of 8.6 to 8.9%. NSC can be bought online (through few banks) or from post office.

5 year Bank Fixed Deposit

Bank fixed deposits with tenure of 5 years are eligible to provide tax relation under section 80C. You need to ask the bank to provide you a Tax Saver Fixed Deposit and a stamp is put on the FD receipt indicating a lock-in period of 5 years. In this case, you can not avail for loan or premature withdrawal. It provides an interest rate of 8.5%.

Pension Fund

Pension fund deduction is labeled under 80CCC which is a part of 80C offering a tax relief for a maximum of Rs. 1 lakh.

5 year POTD (Post Office Time Deposit) Scheme

Just like bank fixed deposits, post office time deposits are also a great way to invest money and get relaxation on tax deduction under section 80C. It give an interest rate of 8.5% and duration may vary from 1 year to 5 years, but tax rebate is only on 5 yr POTD scheme.

SSCS – Senior Citizen Savings Scheme

SSCS is designed for people aged 60 years or above. It offers 9.30% per annum. With a maturity time of 5 years, this scheme can be extended for 3 more years. Once the interest amount crosses Rs 10,000 in a financial year, the interest payable quarterly is subject to TDS and taxable. 

LIC OF INDIA

LIC IS AN GOVT AND TRUSTED BRAND IN INDIA AND ALSO IN OTHER COUNTRIES....

THERE IS MANY MORE PLANS FOR EVERY PERSON ACCORDING TO HIS NEEDS AND LIC HAS RECENTLY COMPLETED an 61YEARS...

IN AN EVENT LIC LAUNCHES TWO PLANS IN THAT TIME IS 

1.JEEVAN UTKARSH. 

2.PRADHAN MANTRI VAYA VANDANA YOJNA.