17 February 2014
suppose a person has four policies of lic and he pays premium as follows 1. s.a. 200000 and premium is 25000 2. s.a. 300000 and premium is 25000 3. s.a. 250000 and premium is 25000 4. s.a. 100000 and premium is 10000 what will be amount of dedution?
17 February 2014
Limit of 10% of the sum assured is only for policies issued on or after 1.4.2012. The experts' reply is based on presumption that the policies have been issued prior to 1.4.2012.