Insurance (LIC & STARHEALTH)

Insurance

Life & Health

Life Insurance

We are in the LIC insurance sector and an insurance advisor for life.  protects from financial loss, which is one form of risk management, primarily used to sidestep the risk of uncertain loss. A person or entity that provides insurance is known as an insurance company, insurance, or carrier of the underwriter. An entity or person who buys insurance is known as an insured or as a policyholder. The loss may or may not be financial, but it must be reducible to financial terms and usually involves something in which the insured has an insurable interest established by ownership or a pre-existing relationship. We are in the Life Insurance Corporation of India (LIC), an Indian state-owned insurance group and investment corporation owned by the Government of India. 

Health Insurance (Star Health)

India's First Standalone Health Insurance Company has begun Its operation in May 2006

OUR UNSTOPPABLE SERVICE DURING PANDEMIC

Life Insurance

We are in the LIC insurance sector and an insurance advisor for life.  protects from financial loss, which is one form of risk management, primarily used to sidestep the risk of uncertain loss. A person or entity that provides insurance is known as an insurance company, insurance, or carrier of the underwriter. An entity or person who buys insurance is known as an insured or as a policyholder. The loss may or may not be financial, but it must be reducible to financial terms and usually involves something in which the insured has an insurable interest established by ownership or a pre-existing relationship. We are in the Life Insurance Corporation of India (LIC), an Indian state-owned insurance group and investment corporation owned by the Government of India. 

INCOME TAX REBATES ON VARIOUS SAVINGS:.

I 80C: AN INDIVIDUAL WILL BE ENTITLED TO DEDUCTIONS FOR WHOLE OF AMOUNTS PAID OD DEPOSITED IN THE CURRENT FINANCIAL YEAR IN THE FOLLOWING SCHEMES, SUBJECT TO THE MAXIMUM OF Rs,1,50,000/-

Insurance Premium Paid on the policies of Assessee, Spouse, and children including Premiums Paid under ULIPs.

Premium Paid under deferred & immediate and immediate annuity plans (Pension Plans).

Contribution to Provident Fund/PPF (up to Rs.1,50,000/-) Contribution to National Pension Scheme.

Savings in Tax Saving Mutual Funds/ Equity Liquid Savings Scheme.

Repayment of Housing Loan Principle.

tuition fees Paid for the full-time education of any 2 children.

Postal term deposits under term deposit rule 1981/NSE.

Amount paid under Senior Citizens Savings Rules, 2004

Fixed Deposit with the Banks /Postal Office Minimum of 5 years term (Tax Savings Scheme)

A Max of 50,000/- under the NATIONAL PENSION SCHEME is exclusive & in addition to 1,50,000/- for those who are below 60 years of age.

II Section 80D: (Deduction for the premium paid for Medical Insurance

1. Deduction under this section is available to an individual of a Huf. A deduction of Rs.25,000 can be claimed for insurance of self, spouse, and dependent children. An additional deduction for insurance of parents is available to the extent of Rs, 25,000 if they are less than 60 years of age or Rs, 50,000 (has been increased in Budget 2018 from 30,000) if parents are more than 60 years old.

Therefore, the maximum deduction available under this section is to the extent of Rs.1,00,0003. from FY 2015-16 a cumulative additional deduction of Rs, 5,000 is allowed for a preservative health checkup to individuals.III Section 80DD: ( Deduction for Rehabilitation of Handicapped Dependent Relatives) 

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INCOME TAX REBATES ON VARIOUS SAVINGS:.

Insurance  Plans

Sr.No.         Product Name                                         Plan No.      UIN No.

1.           Lic's New Endowment Plan                       914          512N277V02

.            Lic's New Jeevan Anand                             915          512N279V02

3.         Lic's New Bima Bachat                                916          512N284V02

4.         Lic's Single Premium Endowment Plan       917          512N283V02

5.         LiC's Jeevan Lakshya                                   933        512N297V02

6.         Lic's Jeevan Labh                                         936        512N304V02

7.         LiC's Aadhaar Stambh                                 943         512N310V02             

8.         LiC's Aadhaar Shila                                     944         512N309V02

Whole Life Plans

Sr.No.       Product Name                                            Plan No.     UIN No

1.          LiCs Jeevan Umang                                        945        512N312V02

Money Back Plans

Sr. No.       product Name                                                   Plan No.     UIN No.         

1.      LiC's NEW MONEY BACK PLAN - 20 YEARS        920       512N280V02

2.     LiC’s NEW MONEY BACK PLAN - 25 YEARS        921        512N278V02

3.     LiCs Jeevan Umang                                                       945       512N312V02

4.     LiC's NEW CHILDREN'S MONEY BACK PLAN      932       512N296V02

5.     LiC's Jeevan Tarun                                                        934        512N299V02

6.     LiC's Jeevan Shiromani                                                947       512N315V02

7.     LiC's Bima Shree                                                          948        512N316V02

                Term Assurance    Plans

Sr No.        Product Name                                                    Plan No.    UIN No.           

1.      LiC's TECH TERM                                                      854       512N333V01          

 2     LiC's Jeevan Amar                                                        855       512N332V01 

                                                  RIDER

Sr. No.       Product Name                                                      UIN No.

1.      LiC's Linked Accidental Death Benefit Rider              512B209V02

2.    LiC's Accident Benefit Rider                                         512B203V03

3.    LiC's Premium Waiver Benefit Rider                            512B204V03

4.    LiC's New Critical Illness Benefit Rider                        512A212V02

5.    LiC's NEW TERM ASSURANCE RIDER                   512B210V01

 

Health Insurance

Star Health Provides a Choice for companies who want to issue their employees at low policy rates. It takes over and handles all the necessary formalities in case of hospitalization, accident, or any other emergency, relieving the Administration and Human Resource Departments of the hassles. Your family needs this commitment from you. Lifetime Renewal. No Cap on Room Rent. Save Tax U/s 80D. Instant Buy. It is reasonable and affordable tax benefits for the health Insurance buyer and Avail Instant Discount. Cost of the medical treatment and medical expenses are rising year on year.  

Protecting your Health

Star Health Provides a Choice for companies who want to issue their employees at low policy rates. It takes over and handles all the necessary formalities in case of hospitalization, accident, or any other emergency, relieving the Administration and Human Resource Departments of the hassles. Your family needs this commitment from you. Lifetime Renewal. No Cap on Room Rent. Save Tax U/s 80D. Instant Buy. It is a reasonable and affordable tax benefit for health Insurance buyers...