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23-05-10 2 Hits


<p><font size="4"><span class="text"><b>Benefit of LIC Scheme:</b></span></font></p>
<ul><li><font size="4"><span class="text">LIC Monthly Recurring type
Scheme<br>
</span></font></li><li><font size="4"><span class="text"> This is like a Post office
or Recurring Deposit Scheme. You can deposit Yearly, Hly, Quarterly
or Monthly (ECS) in LIC scheme<br>
</span></font></li><li><font size="4"><span class="text">Maturity received in LIC scheme
is Tax Free under section 10-10d of income Tax act.<br>
</span></font></li><li><font size="4"><span class="text">You can withdraw partial of
full amount if necessary after 10 years. <br>
</span></font></li><li><font size="4"><span class="text">The amount deposited in LIC
is exempted under section 80c of income Tax act.<br>
</span></font></li><li><font size="4"><span class="text">You can continue LIC scheme
after 10 years. <br>
</span></font></li><li><font size="4"><span class="text">In case of death 250 times
monthly premium + Total Premium paid - (1st years premium &amp;
Extra premium paid ) + LA if any payable.<br>
</span></font></li><li><font size="4"><span class="text">If you forget to take maturity
at the end of 10 years, You can get return beyond 10 years in
LIC scheme. This is not available in Post office scheme.</span></font></li></ul>
<p><font size="4"><span class="text"><b>LIC v/s Monthly Recurring
Scheme</b> <br>
<br>
<b> Maturity at the end of 10 years in Monthly Scheme</b></span></font></p>




<table x:str="" style="border-collapse: collapse; table-layout: fixed; width: 378pt;" border="0" cellpadding="3" cellspacing="1" width="503"><colgroup><col style="width: 65pt;" width="86">
<col style="width: 134pt;" width="179">
<col style="width: 118pt;" width="157">
<col style="width: 61pt;" width="81">
</colgroup><tbody><tr style="height: 12.75pt;" bgcolor="#ffffff" height="17" valign="bottom">
<td class="text" style="height: 12.75pt; width: 65pt;" x:str="PREMIUM " align="center" height="17" width="86"><b><font color="#ff6600">PREMIUM<span style=""> </span></font></b></td>
<td class="text" style="width: 134pt;" x:str=" LIC " align="center" width="179"><b><span style=""><font color="#ff6600"> </font></span><font color="#ff6600">LIC<span style=""> Jeevan Saral</span></font></b></td>
<td class="text" style="width: 118pt;" align="center" width="157"><b><font color="#ff6600">POST
OFFICE</font></b></td>
<td class="text" style="width: 61pt;" align="center" width="81"><b><font color="#ff6600">LIC
GAIN</font></b></td>
</tr>
<tr style="height: 12.75pt;" bgcolor="#ffffff" height="17" valign="bottom">
<td class="text" style="height: 12.75pt;" x:num="" align="center" height="17">500</td>
<td class="text" align="center">106452 + Free insurance</td>
<td class="text" x:str="89010 - income Tax " align="center">89010
- income Tax<span style=""> </span></td>
<td class="text" x:num="" align="center">17442</td>
</tr>
<tr style="height: 12.75pt;" bgcolor="#ffffff" height="17" valign="bottom">
<td class="text" style="height: 12.75pt;" x:num="" align="center" height="17">1000</td>
<td class="text" align="center">212904 + Free insurance</td>
<td class="text" x:str="178021 - income Tax " align="center">178021
- income Tax<span style=""> </span></td>
<td class="text" x:num="" align="center">34883</td>
</tr>
<tr style="height: 12.75pt;" bgcolor="#ffffff" height="17" valign="bottom">
<td class="text" style="height: 12.75pt;" x:num="" align="center" height="17">1500</td>
<td class="text" align="center">319356 +<span style="">
</span>Free insurance</td>
<td class="text" align="center">267031 - income Tax</td>
<td class="text" x:num="" align="center">52325</td>
</tr>
<tr style="height: 12.75pt;" bgcolor="#ffffff" height="17" valign="bottom">
<td class="text" style="height: 12.75pt;" x:num="" align="center" height="17">2000</td>
<td class="text" x:str="425808 + Free insurance " align="center">425808
+ Free insurance<span style=""> </span></td>
<td class="text" x:str="356042 - income Tax " align="center">356042
- income Tax<span style=""> </span></td>
<td class="text" x:num="" align="center">69766</td>
</tr>
<tr style="height: 12.75pt;" bgcolor="#ffffff" height="17" valign="bottom">
<td class="text" style="height: 12.75pt;" x:num="" align="center" height="17">2500</td>
<td class="text" x:str="532260 + Free insurance " align="center">532260
+ Free insurance<span style=""> </span></td>
<td class="text" align="center">445052 _ income Tax</td>
<td class="text" x:num="" align="center">87208</td>
</tr>
<tr style="height: 12.75pt;" bgcolor="#ffffff" height="17" valign="bottom">
<td class="text" style="height: 12.75pt;" x:num="" align="center" height="17">3000</td>
<td class="text" align="center">638712 + Free insurance</td>
<td class="text" x:str="534063 - income Tax " align="center">534063
- income Tax<span style=""> </span></td>
<td class="text" x:num="" align="center">104649</td>
</tr>
<tr style="height: 12.75pt;" bgcolor="#ffffff" height="17" valign="bottom">
<td class="text" style="height: 12.75pt;" x:num="" align="center" height="17">3500</td>
<td class="text" align="center">745164 + Free insurance</td>
<td class="text" align="center">623073 - income Tax</td>
<td class="text" x:num="" align="center">122091</td>
</tr>
<tr style="height: 12.75pt;" bgcolor="#ffffff" height="17" valign="bottom">
<td class="text" style="height: 12.75pt;" x:num="" align="center" height="17">4000</td>
<td class="text" align="center">851616 + Free insurance</td>
<td class="text" x:str="712084 - income Tax " align="center">712084
- income Tax<span style=""> </span></td>
<td class="text" x:num="" align="center">139532</td>
</tr>
<tr style="height: 12.75pt;" bgcolor="#ffffff" height="17" valign="bottom">
<td class="text" style="height: 12.75pt;" x:num="" align="center" height="17">5000</td>
<td class="text" align="center">1064520 + Free insurance</td>
<td class="text" align="center">890105 - income Tax</td>
<td class="text" x:num="" align="center">174415<br><br><br><br></td></tr></tbody></table>

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