Skip to main content

Featured Post

A Comprehensive Guide What Are the Best Stocks to Buy on the NSE?

  Introduction   India’s National Stock Exchange (NSE) is one of the world’s most dynamic value markets, advertising speculators introduction to a wide cluster of sectors—from data innovation and pharmaceuticals to buyer merchandise and budgetary administrations. As the Indian economy proceeds to develop, numerous retail and organization financial specialists ponder which stocks merit a put in their portfolios. Whereas there is no one ‑ size ‑ fits ‑ all reply, a taught approach that centres on essentials, valuation, and macro ‑ economic patterns can offer assistance you recognize high ‑ quality companies with solid development prospects.   Understanding the NSE Scene Metric What It Means for Investors Market Capitalization Large ‑ cap stocks (₹10,000 crore +) tend to be more liquid and less volatile, while mid ‑ caps and small ‑ caps can offer higher growth but come with greater risk. Liquidity (Average Dail...
Post a Comment

LIC launches new Jeevan Shanti Deferred Annuity Plan

LIC launches new Jeevan Shanti Deferred Annuity Plan

 


Life Insurance Corporation of India has brought a new Jeevan Shanti deferred annuity plan policy. This annuity plan is a non-linked, individual, non-participating, single premium, deferred annuity policy plan. In this annuity plan, customers will also get loan facility. This annuity plan policy can be purchased both offline and online. LIC said that the annual rate guarantee for the new Jeevan Shanti policy plan is given at the beginning of the policy.

 

There are two options in the policy, the first option in this plan is the deferred annuity for one person (single plan). After the deferment period in this option, the annuity payment will continue for the life of the annuity recipient. If the annuitant dies, then in this condition the nominee will get his benefit.

 

Apart from the second option single, you can get a deferred annuity for joint life. In this annuity plan, the annuity payments will continue until the first or second person survives after the deferment period. If both annuitants of them die during the deferment period, they will be paid to the nominee. Explain that a joint-life annuity can be taken between only two people in a family, such as grandparents, parents, two children, two grandchildren, spouses or siblings.

 

You will have to spend 1.5 lakh rupees to buy this plan, you have to invest a minimum of 1.5 lakh rupees. An investor can take annuity in yearly, 6 months, 3 months and monthly modes. The minimum annual income in this annuity policy plan is Rs 12,000. There is no maximum purchase price limit. The Handicapped people can buy this annuity policy plan for 50 thousand rupees.

 

Who can take advantage of the plan? People from 30 years to 79 years can take this annuity policy plan. In this annuity plan has a minimum duration of one year and a maximum duration of 12 years. Under this annuity plan, an incentive will also be available for purchases of five lakh and more. This will be in the form of an increase in the incentive annuity rate in this policy. This policy plan has not yet been updated on the official website portal of LIC.

 

What is an annuity plan? An annuity is a type of contract. This ensures regular income during retirement. Actually, an annuity policy plan is an insurance product, which leads to regular income. Annuity plan is used as part of the retirement portfolio. An annuity policy plan is usually the payment of life insurance or pension. In an annuity plan, the person invests outright. Then it is paid to investor on a monthly, quarterly or annual basis in future.


Labels:

Comments

Post a Comment

Popular posts from this blog

Know All About Sovereign Gold Bond Scheme (SGB)

    The first time Sovereign Gold Bond Scheme was first introduced by the Government of India in the Union Budget of 2015-16. It was introduced by the Government of India to reduce the demand for the physical gold form and a part of this physical gold is bought every year in the form of gold bands for the purpose of invest in SGB.   Latest on Sovereign Gold Bond Scheme    A tenth tranche of the buy SGB Series – The Sovereign Gold Bond Scheme 2021-22 - Series X in which the Reserve Bank of India (RBI) sell gold bonds linked to the market price of gold on behalf of the government made available for investment will be open for buy SGB for the period from February 28th to March 4th.   What is Sovereign Gold Bond?   The Sovereign Gold Bond is an initiative taken by the Government of India to reduce the demand for physical gold as per the Reserve Bank of India as the increasing import of gold is affecting the growth and investment of India. Large quantities ...
Post a Comment
Read more

Know that senior citizens get many special concessions in income tax

  People above 60 years of age, i.e., senior citizens, not only get the benefit of income tax exemption but also receive special relief from income tax on investments and returns. Elderly citizens do not have to pay any income tax on income up to Rs 3 lakh.   Exemption in tax limit under 80C limit: The tax exemption limit for old citizens in a financial year is Rs 3 lakh, while a common man gets tax exemption only up to Rs 2.5 lakh. For very senior citizens who are above 80 years of age, it is Rs 5 lakh. That is, if the annual income of a senior citizen is up to Rs 3 lakh and TDS has not been deducted, then he need not file an income tax return. Similarly, very senior citizens need not file income tax returns if they do not have an annual income up to Rs 5 lakh.   If the age is more than 75 years then no return is required: Those above 75 years of age are not required to file tax returns. There is no any need to file ITR for people above 75 years of age who are ...
Post a Comment
Read more

What is the Orange Economy? Top Sectors to Invest in 2026.

  In a time when mechanization and machine learning are changing conventional businesses, a flourishing portion of the worldwide economy is illustrating that human resourcefulness is still a important asset. The "Orange Economy"—also known as the imaginative economy or social industries—has played a major part in protecting culture, making occupations, and developing the economy. But what is this energetic thought, and why is it picking up conspicuousness in discussions almost worldwide development?   What is the Orange Economy?   The express "Orange Economy" was at first utilized by previous Colombian President Iván Duque Márquez and previous Culture Serve Felipe Buitrago. Concurring to the Inter-American Improvement Bank, it is "the organize of interconnected forms through which thoughts are turned into social merchandise and administrations whose esteem is decided by mental property."   Orange was particularly picked since it has been related with devel...
Post a Comment
Read more