I want to know does all the LIC policies (like AVIVA) cover tax exemption benefits? And also the same question for medical claims from some insurance company.
One more thing like apart from House rent bills, LIC policy coverage, and medical claim insurances what are the other things one can submit for the tax exemption benefit?
I m going to pursue my higher studies in Australia and want to know if my medical insurance covers all medical expenses in case i am victim of the racial attacks?
I have just started LIC Jeevan Mitra Tripal cover Plan for 7 laces sum assured for 30 years and have paid 28501 in April 2011.
This is yearly premium for 30 years.
Now I am confused that
should I discontinue or surrender this policy and go for term plan as I can get 30 laces cover within 9500
and rest of money 19000 I can invest in PPF to get good retune after 30 year ???.
Am I correct in my thoughts and should do as mentioned above ????.
If I continue this policy, will I get somewhat equal return of what if I invest 19000 in PPF after 30 years???.
Please help me to get relevant answers.
i have just started investing in Jeevan Mitra Triple Cover for 7 lacs SA for 30 years and paying 28531 per year.
if i drop this policy and invest in PPF (19.5k) + term plan for 30 lacs by paying 9k per year
will i get better return in it or in above one? .
what would be aprrox return in both case?.
I took LIC’s Market Plus without life cover last year. Since this policy is without life cover, isn’t it like a mutual fund?
If it is like a mutual fund, why do they have so high premium allocation charge of 16.5%?
Since, I am just 23 years old, I don’t want to continue it for 20 years. So, if I surrender it after 3 years, I will be at loss, right?
What is the best way to get out this policy with as little loss as possible?
Tax benefit not a must.
Jeevan anand / Jeevan saral or any other specific plan from LIC.
Request suggest with benefits.
Please avoid any other saving suggestion.
Suggest some from LIC only
I have applied for a Home Loan at HDFC Bank in Mumbai. Comparing my monthly compensations and the Loan amount, I would have no problems in repaying the same. Is it a mandate that if I apply for a Home Loan at HDFC Bank (not HDFC Ltd.), then i must take a Home Loan Protection Insurance Cover from HDFC?