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Cash Payment of LIP is Allowed for Deduction u/s 80C

December 12, 2009

Most of the subscribers of etaxindia.org inquired countless times to me that whether cash payment of life insurance premium to Life Insurance corporation (LIC)/ other life insurance companies is allowed for deduction u/s 80C or not.
So I want to clear that there is no provision under the income tax act to disallow any cash payment [...]

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Jeevan Varsha | Jeevan Varsha Benefits | Jeevan Varsha Features

March 2, 2009

The Life Insurance Corporation (LIC) has launched Jeevan Varsha, a close-ended guaranteed additions plan, which is open for sale from February 16 to March 31. It is a ‘money back plan’ with only two policy terms of 9 years and 12 years. The survival benefits are payable every three years. Any person who has completed [...]

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LIC Jeevan Aastha

January 16, 2009

In today’s global recession, investors are looking for fixed returns which has no risk at all. So Life Insurance Corporation of India (LIC) has launched jeevan Aashta to get benefit of this recession. LIC has managed to sell more than 3 lakh Jeevan Aastha policies across the country from its launch on December [...]

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