Get Insurance for Whole Life !!
LIC Jeevan Anand is the best Tax Saving Plan in India.
LIC Jeevan Anand is the highest selling tax saving plan being sold since more than 2 decades. It is the trust of crores of Indians which makes it the top plan even after so many years. Assured Returns, Double maturity, safety for old life, Accidental cover, Disability Rider are the unique features of this plan. Decent returns compared to Bank FD’s and other traditional investments, this is by far also the best investment instrument
Conditions to be eligible for this plan
Minimum Age : 18 years
Maximum Age : 50 years
Minimum Sum Assured : Rs.1,00,000
Maximum Sum Assured : No Limit
You can save 30% tax (if in the Tax Slab based on your income) every year on the Premium paid towards your policy. Also the Maturity Benefit at the end of policy term is also Tax Free. The second maturity the nominee receives is also Tax Free.
Example for Tax Saved: Age 30, Policy term 25 yrs, Annual Premium 1,00,000
30% of 1,00,000 = 30,000 * 21 = 6,30,000
30% Tax Saved on Maturity 55,00,000 = 16,50,000
30% Tax Saved on Life long Cover of 20,00,000 = 6,00,000
Total Tax Saved 28,80,000 (Twenty Eight Lakhs Eighty Thousand) !!!!