Sunday, December 23, 2007

If you are planning declaration of Tax savings for year 2007-08 ACT NOW.

Every year we need to declare and provide documents proofs of Tax Savings for the financial year before March. Now it is right time to go for LIC which is Investment , Income Tax saving with Insurance.

Income- tax provisions for the Financial Year ending 31st March, 2007.Tax Slabs. You can refer table to check applicable slab to you and plan your savings accordingly.
Net income rangeIncome-tax ratesSur-chargeEducation Cess
Upto Rs. 1,00,000NilNilNil
Rs.1,00,000 to Rs.1,50,00010% of (total income minus Rs.1,00,000)Nil2% of income-tax.
Rs.1,50,000 to Rs.2,50,000Rs.5,000 + 20% of (total income minus Rs.1,50,000)Nil2% of income-tax.
Rs.2,50,000 to Rs.10,00,000Rs.25,000 + 30% of (total income minus Rs.2,50,000)Nil2% of income-tax.
Above Rs.10,00,000Rs.2,50,000 + 30% of (total income minus Rs.10,00,000)10% of income-tax.2% of income-tax and sur-charge.
Deductions from gross income on LIC premium paid.Under Sec.80C of the Income Tax Act.Premiums paid upto maximum of Rs.1,00,000 subject to maximum of 20% of Capital sum Assured under Traditional & Unit linked Plans.
Exemption of Life Insurance Proceeds. Under Sec.10(10D) of Income Tax Act.
-Maturity benefits are tax free. However in cases where premium exceeds 20% of capital sum assured within a year, benefits paid in excess of premiums paid will be taxable.
-Death benefits are tax-free.

Call me for more info and plan your Tax savings

Monday, December 17, 2007


Thank you for choosing LIC of India. It indicates your concern for the security of your family. A very good decision indeed.

LIC is India' s most trusted brand ,INSURING LIVES AND ENSURING SMILES from more than 50 Years.
SUPER BRAND (2003/04) & MOST TRUSTED SERVICE BRAND OF INDIA. BEST IT USER IN INDIA (NASSCOM – 2003).
Largest Institutional Investor in India and Second largest in Asia among insurers. (Source : Asian Investor)
LIC - An Institution Builder promoting many financial and insurance institutes like NSE, NCDEX, LIC Mutual Fund, Stock Holding Corporation of India, National Insurance Academy, Insurance Institute of India etc.
LIC is the largest life insurer of India
Asset value as on 31.3.2004 : 3,673,598.4 mn (INR).
Offers over 45 plans to cover your life at various stages
Over 160 million customers and 1.1 million agents. It has underwritten more than 160 million policies.
2,048 branch offices (all computerized) of which 2019 are networked
Offers an online premium payment facility. Log onto http://www.licindia.com/ for more details.
Call 1251 for info centre / IVRS regarding details of products and services. Log onto http://www.licindia.com/ for more details
LIC settles over 34,531 claims amounting to approx. Rs.629.1 million every working day i.e. 1.48 claims per second.

From all above we can say our money is Safe and Secure with assured returns.

Sunday, December 16, 2007

Unit Liked Insurance Plan and Mutual Funds

Below are some of the differences which will help in taking your decision based on your own risk appetite and your long or short term goal -

1. MFs are for the short-term, ULIPs for the long run .MFs are popular short-term products. Retail investors park their money in MFs so that they can exit when they have made enough gains. But that’s not how ULIPs function. ULIPs are essentially looked upon as long-term instruments where an investor will systematically invest every year with a certain lock-in period. ULIPs are natural way of systematic investment as you pay premiums on a monthly, quarterly, bi-annual or annual basis.

2. MFs are aggressive and churn their portfolioBecause mutual funds have to deliver returns in the short-term, they tend to be more aggressive. The investment philosophy of mutual funds and life insurers differ to some extent. Typically, MFs are more aggressive players who take larger bets on hot sectors.MFs churn their portfolios considerably. Life insurance companies, on the other hand, are far more conservative and take much longer calls on the market

If you are looking long term Benefits, Ulips is best option.

Sunday, December 9, 2007

LIC popular Plans

Jeevan Anand-Whole Life plus Endowment
Jeevan Surabhi-Moneback Policy
Chlid Policies- Child Career,Jeevn Kishore,Komal Jeevan
Unit Linked- Profit Plus

For more information call 9945689986

Saturday, December 8, 2007

Life insurance Importance

Life is full of uncertainties. We all know that death is certain but the timing is uncertain. This uncertainty of time has led to the invention of insurance.
We all make efforts towards earning a living and then working hard for its betterment. Insurance is necessary to ensure that the basic necessities of life, comfort and pleasure derived by all of us from our living continues to be available for us.
Realize the need of protection for your families after your death or of a reserve for emergencies and of additional income for later years
.
Now insurance has more options and become a secured investment option with guaranteed returns.Insurance is a best safer way of putting your hard erned Savings+ Investment+Tax saving on taxable income

If you are in bangalore and want to meet me contact Mob 9945689986

http://www.firstconsultant.in/