Sentences with phrase «premium life insurance scheme»
There is also the Atal Pension Yojana and low - premium life insurance scheme called the Pradhan Mantri Jeevan Jyoti Bima Yojana for the welfare of senior citizens.
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This loan insurance scheme also has additional features such as joint life option, multiple premium payment options and hassle - free issuance on group platform.
Some investments that you many consider under Section 80C are: Life insurance premium paid towards self, spouse or child, contribution towards statutory provident fund or superannuation fund, contribution towards public provident fund scheme, subscription to units of mutual fund equity linked saving scheme notified by the central government, etc..
It was the world's first mutual insurer and it pioneered age based premiums based on mortality rate laying «the framework for scientific insurance practice and development» [5] and «the basis of modern life assurance upon which all life assurance schemes were subsequently based».
In order to build on the very encouraging response to the two very affordable and convenient to subscribe insurance schemes, namely the Pradhan Mantri Suraksha Bima Yojana (PMSBY) for accident and disability cover of up to Rs. 2 Lakh at an annual premium of Rs. 12 and the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) for a term life cover of Rs. 2 Lakh at an annual premium of Rs. 330, launched by the Prime Minister Shri Narendra Modi on 9th May 2015.
Another point to keep in mind is that the former involves investments made in the form of small savings schemes, mutual funds, life insurance premium payments, etc. while the latter is in regards to deductions involving health insurance premium payments alone.
It includes products such as Employee Provident Fund (EPF), Public Provident Fund (PPF), NPS, life insurance premium, Equity Unit Linked Plans (ULIPs) and Equity - Linked Saving Schemes (ELSS) among others.
Currently, the amount available for rebate under section 80C is Rs. 100,000 which can be invested in life insurance premiums, pension superannuation fund, employee provident fund, equity linked mutual fund schemes, National Savings Certificates and public provident fund (maximum Rs 70,000).
Postal Life Insurance is a scheme where you are offered Life Insurance cover with higher returns on the premium.
A life insurance policy is a scheme wherein you invest a certain amount of your money on a regular basis, at one go or for a limited period of time in the form of premiums.
However, one can keep this life insurance plan active till 55 years of age provided they join this scheme before 50 years of age and pay annual premiums on time.
Currently Ulip products, which are equity linked insurance schemes, account for about 80 per cent of the total premium collected by the 23 private life insurance companies.
Minimum variable premium for Aegon Life Group Leave Encashment Plan is Depends on total sum assured and members in scheme and minimum variable premium for Exide Life My Term Insurance Plan is Depends on the sum assured, policy term and premium paying term.