Hello Experts & Financial Planners & Gurus
I want to go for Term insurance and have decided to go for LIC’s Amulya Jeevan (Product # 190) for Sum Assured of 60,00,000 INR.
Is it advisable to go for Single premium (which i can afford at this juncture of time and be done with it …with peace of mind) or stick to conservative annual premium ?
In either case what would be the tax implication for me being an NRI.
Please advise.
Regards
Vinay