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The reasons
for buying an insurance policy are plentiful but which
out of these abundant reasons dominates the actual purchase
of a policy. First and foremost it is important to understand
that a life insurance policy is an essential component
to ensure a safe and secured tomorrow for your family.
It is one of the strongest reasons for any individual
to opt for an insurance product. However, many individuals
get confused before making their actual pick. To help
you in zeroing in on a policy, we have provided you
with some easy tips. |
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| What is National Savings Certificate? |
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NSC is the
abbreviation of National Savings Certificates. These
certificates are issued by the Department of Post and
are available at all post office counters in the country.
The Certificate can be held either jointly or singly.
You also have the option to keep a nominee if you want.
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| The government assurance makes
NSC attractive element and hence it finds its way to risk
averse investors. Besides, it qualifies for tax benefit
under section 80C of the Income Tax Act, 1961. |
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So, you saw
the house of your choice and have made up your mind
to buy it. But are you familiar with the jargon associated
with it. While applying for loans be it home, personal,
car or anything for that matter, it is always better
to acquaint yourself with some of the associated lingo.
It would help you immensely to understand the exact
connotation of the words. |
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The long-time
insistence by investors to include Bank Fixed Deposits
in the list of tax saving instruments has made the government
to finally succumb to the demand. The government has
now included Bank Fixed Deposits (FDs) as an eligible
tool for tax benefits under section 80C. |
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Fixed deposits
are the latest addition in the tax saving instruments
provided they are locked-in for a period of 5 years.
So an investor seeking to avail tax benefits can enjoy
the tax exemption by investing in the FDs. |
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The Life Insurance
Corporation of India (LIC) launched its new policy-
Money Plus on 20th December 2006. . |
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It is a new
unit linked endowment plan and offers investment-cum-insurance
protection during the term of the policy, which can
be anywhere between 5-20 years. The policyholder can
choose the level of cover within the limits, which depends
on the term chosen, mode and amount of premium he desires
to pay. The allocated premium will be utilized to purchase
units as per the selected fund type. The policyholder
can choose any one of the 4 funds-Bond, Secured, Balanced
and Growth Fund. Free switching between funds, four
times every year is allowed. |
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Please
do not reply back to this mail. This is sent from an unattended mail
box.
Please mark all your queries / responses to webmaster@insuregain.com |
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Information provided
on this newsletter has been independently obtained from sources
believed to be reliable. However, such information may include
inaccuracies, errors or omissions. www.insuregain.com
and its affiliates, information providers or content providers,
shall have no liability to you or third parties for the accuracy,
completeness, timeliness or correct sequencing of information
available on this newsletter, or for any decision made or
action taken by you in reliance upon such information, or
for the delay or interruption of such information.
www.insuregain.com, its affiliates, information providers and
content providers shall have no liability for investment decisions
or other actions taken or made by you based on the information
provided on this newsletter. |
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