POSTED BY July 15, 2013 10:52 am COMMENTS (8)ON
Hi, I have got a mail from one of the agents, who is selling the following policy.
Invest with LIC: Rs 2042/-every month till 15 year and get Rs 8,88,792.00 at maturity.
Basic insurance cover – Rs 5,00000.00
Accidental insurance cover – Rs 10,00000.00
Avail tax benefit US 80 C
Tax Free Returns u/s 10(10)D
From the first look, it looks good to me. What are your suggestions (Assuming, these returns are guaranteed, and this is the only detail that I have as of now).
PS – I have requested more details from the agent, like the type of policy etc. Will post here once I have more details.