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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…
LIC Amritbaal Plan 874, a new child Policy by LIC
To secure your children's future, the Life Insurance Corporation of India (LIC) introduces a groundbreaking Non-Linked, Non-Participating endowment plan - LIC Amritbaal (Plan 874), set to launch on February 17, 2024. This unique plan is tailored to assist parents in building a substantial corpus to meet their children's educational and future needs. Buy this Plan Online Key Features of LIC…
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