Buy LIC New Policy and Save tax
Buy LIC New policy and save tax under 80C and 80C of Income Tax. LIC plans are designed to help all classes of life to insurance and save tax according their tax slabs. Buy LIC plans from Professional Advisors who can give life time services.
Life Insurance Corporation of India is fully owned o Government of India. LIC of India is the largest Insurance Company of India, with best claim settlement ratio in the world.The Life Insurance Corporation of India was founded in 1956, when the Parliament of India passed the Life Insurance of India Act, which nationalized the private insurance industry in India. It is the only Life Insurance company which is run by the Government of India.
Buy LIC policy and save tax as per your salary.
Everyone who come under Income Tax bracket, can invest maximum Rs. 1,50,000/- and save maximum tax under section 80 C. In LIC there are plans for every occasion to celebrate. LIC of India had structured Insurance plans in such a way that it helps everyone to buy according to their needs.
A salaried person, businessmen or a minor, Life Insurance policy planned at younger age would help the proposer to save premium and get maximum advantage.LIC Life Insurance policy premium would be fixed according to entry age and till the end of paying term it would be the same .
There various stages in everyone’s life. Every stage is a celebration. You can start saving with each responsibility.
These are the indications for an individual to analyse and increase Insurance coverage.
There are four main stages in everyone’s life. They are :
- 25-30 yrs – Starting
- 35-45 yrs – Setting up years
- 45-55 yrs – Spending years
- 55-65 yrs – Accumulation years
Plan as soon as you start earning.
All plans, tax exemptions are subject to Income Tax rule amendments from time to time by Government of India under Income Tax Act.,