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I have a question on Jeevan Utsav’s Policy for Minor children. The 10% return received to the Child after 18 years of age is taxable? In Flexi plan the 75% amount of the total cumulated amount is taxable to the child. I am thinking about this policy for my child ( age -3 years) is it good or not? Request to suggest me best LIC policy for my Child.
Policy for Minor Children: The LIC Jeevan Utsav policy is a non-linked, non-participating, individual, savings, whole-life insurance plan. The policyholder can avail of tax benefits on the premium paid towards the LIC Jeevan Utsav policy under Section 80C of the Income Tax Act, 1961. Additionally, the benefits received are tax-free under Section 10 (10D) of the Income Tax Act. In…
Empowering Futures: LIC Scholarship 2024 – A Gateway to Educational Excellence
Unlocking Opportunities with LIC Scholarship 2024 LIC Scholarship 2024: In a significant stride towards fostering education and nurturing young talents, the Life Insurance Corporation of India (LIC) has recently unveiled its scholarship program for the academic year 2023-24. This initiative is geared towards supporting deserving students across the nation, particularly those who have excelled in their Class 12th/diploma examinations with…
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