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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…
Senior Citizen Card Benefits | How to Apply for a Senior Citizen Card Online 2024
Empowering Senior Citizens with Essential Benefits – Apply for Your Senior Citizen Card Online Today!
Assignment in LIC Policy: Process, Types, Features & Benefits Explained
The concept of Assignment in LIC Policy involves transferring the title, rights, and interest on assets or property from one person to another. This process, known as assignment, is commonly used to provide security against loans. Here is a detailed overview of assignment in LIC policies, including its features, types, required documents, and process. What is Assignment? Assignment is the…
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