I want to disable my auto debit of premium as twice the amount got deducted
Hi Kiran, please be assured your concern will be resolved at the earliest. Further, we request you to share your contact and policy details at email@example.com. Our team will get back to you to assist.
Premium paid on Life Insurance plans are eligible for deduction from taxable income under section 80C up to a combined limit of Rs 1,50,000 per annum (as long as the sum assured on the plan is 10 times or more than the premium being paid). One must then hold these policies for a minimum period (2-5 years) to ensure that the tax benefit so obtained is not forfeited. Contribution to NPS is also eligible under 2 segments - within section 80C under the overall limit of Rs 150,000 as well as under section 80CCD that is exclusive to NPS up to a limit of Rs 50,000. The third class of investments for considering tax benefits could be payments for annuities. They are also eligible for deduction from taxable income under section 80 CCC although it is carved from within the Rs 1,50,000 limit offered to Sections 80C and 80CCD. There is thus an opportunity to save up to Rs 2,00,000 per annum on taxable income through investments in these instruments.
Hi Preetam, there are multiple type of savings plan we can offer you ULIPs, Guarantee, Child or Pension. But in order to offer you the best solution as per your life stage and requirement we will need some more information. We are forwarding your information to our team and they will reach out to you. In the meantime you can read more here https://tinyurl.com/nk6mkhb5
Hi Guddu, a best savings / investment plan will depend on both your life stage and your investment objective. you can visit this page here to learn more https://tinyurl.com/32n43keu, we alternatively have also arranged for a call back
An insurance policy with savings component will acquire a surrender value only after a minimum of 3 years. Therefore, if you surrender your policy now, you may get nothing in return and would thus lose all the premiums you have paid so far. Even after 3 years, the surrender value remains low for few years and gains ground closer to the end of the term of the policy. Surrendering of an insurance policy must hence be done with great care at any point in the duration of the policy. You may speak with the insurer or an advisor to consider other alternatives around this.
Hi Gotam, investing to secure your future is a great idea, but before we help you select the right product we will need some more information regarding your age, life stage and end objective. To understand this we are asking our team to reach out to you. You can in the meantime get more information here https://tinyurl.com/32n43keu
HI Chandrabali, you will need standard documents such as Policy Document, ID Proof, Address Proof etc and submit the same along with a NEFT form with the nearest LIC branch office or online to get the benefit of LIC Varishtha pension bima yojna, you can read more details https://tinyurl.com/1p7be7in
Hi Palash, almost all Insurance Savings product offer you tax free returns at maturity owing to the benefit they derieve from Section 10(10D) of the Income Tax Act. To know more about such plans you can visit here https://tinyurl.com/49s9cp5r , alterantively we have asked the team to also reach out to you
Hi Shekhar, there are actually quite a few plans and to name one of them would be unfair. The pension corpus build up and the monthly pension you get depends on how much are you investing and the type of annuity option you choose. You get to choose from insurers such as ICICI Prudential Life, HDFC Life Insurance and more who offer you both Pension + Return of Premium and only Pension. You can read more about Annuity plans which provide you monthly pension here https://tinyurl.com/2h3nnywx, alternatively we have also arranged for the team to reach out to you.
HI Rajalakshmi, we apologies for a delayed response. If you have bought the policy from Policybazaar you can know the current status of your policy on the My Account section, alternatively you can also reach out our service help desk at 18002585970
Hi Binod, you can know more about Annuity plans which provide you monthly pension here https://tinyurl.com/2h3nnywx, alternatively we have also arranged for the team to reach out to you.
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