According to LIC, this plan can be taken by any person from 13 years to 50 years. In this plan every 5th year i.e. 5th year, 10th year, 15th year, 20th year will get 15-20% money back.
New Delhi. Life Insurance Corporation of India (LIC), a public sector insurance company, offers a variety of insurance and investment options. Most of the LIC policies are liked by the people. If you want to invest a little and get a lot of returns, then this wish of yours can be fulfilled. For this, LIC has launched a plan, which is named LIC New Money Back Policy.
The specialty of this plan is that the insured gets money back every year for 5 years, better returns on maturity, as well as tax insurance benefits. This money back plan of LIC is a non linked life insurance policy. Which comes with guaranteed returns and bonuses. You will get 2 options of 20 years and 25 years to take this plan. This policy is completely tax free policy. Along with this, there will be no tax on interest, premium payment and amount received on maturity. In this plan, if you invest Rs 160 every day for 25 years, then after 25 years you will get up to Rs 23 lakh.
According to LIC , this plan can be taken by any person from 13 years to 50 years. In this plan every 5th year i.e. 5th year, 10th year, 15th year, 20th year will get 15-20% money back. But this will happen only when at least 10 per cent of the premium is deposited. With this, investors will be given bonus on maturity. Accidental death benefit will also be available in this plan of total Rs 10 lakh. On maturity, the investors will also be given bonus.
Income Tax Department refunds Rs 1.32 lakh crore to 39.75 lakh taxpayers
The Income Tax Department has so far refunded over Rs 1.32 lakh crore to over 39 lakh taxpayers in the current financial year. Under this, Rs 35,123 crore was refunded in personal income tax and Rs 97,677 crore in company tax case.
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