Month: September 2010

LIC Infrastructure Bonds

LIC Infrastructure Bonds

If you are tax payer then you can save more tax by investing in LIC Infrastructure Bond. Additional Rs.20000 Tax Exemption under Section 80CCF.

LIC Infrastructure Bond at Glance:
Term: 10 years
Minimum lock in period: 5 years
Loan on Bond: After 5 years
Interest Rate: 7.85%-7.95% afer tax.
Exit options: Buy back or through Demat account
Open for Individual or HUF.

Any individual or HUF can invest in LIC’s Infrastructure Bonds Between Rs.5000 – Rs.20,000/- This will be over the Rs.1 lakh deduction allowed under Section 80C.

Tax Benefit example:
If you are in highest tax payers bracket of 30% can save an additional Rs 6,000 and if you happen to fall in the lower tax bracket then you can still save Rs.2,000/- by investing in LIC infrastructure bonds this financial year.

LIC Infrastructure Bonds not only offers capital safety but also offers fixed returns through ECS.

LIC Endowment Plus

LIC Endowment Plus

LIC’s Endowment Plus (Table No.802) is a unit linked Endowment plan which offers investment-cum-insurance during the term of the policy.
You can choose the level of cover within the limits, which will depend on mode and amount of premium you want to pay.

LIC Endowment Plus plan features at glance:

* Critical Illness Benefit
* Accident Benefit
* Partial withdrawals
* Loan on policy

Pension Plus Plan 803

Pension Plus Plan 803 – ULIP Based

LIC Pension Plus is a unique UNIT Linked pension plan where a minimum rate of interest of 4.5% is confirmed and guaranteed. Also after maturity, one third of the corpus can be withdrawn as a lumpsum amount and the remaining two-thirds would be paid in either monthly or half-yearly installments (Pension) after maturity, which would be decided by the policy holders. The plan is without any life cover during the deferment term of the policy.

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