25 October 2009
Invest in LIC pension fund and with an option pension should strat from the age of 50. Choose a policy wherein only lumsum is payable and no other preium in future. She may get around 5000 per month from age 50.
In case of investment in LIC Pension Fund, is there any maturity period and secondly does the investment qualify for deduction under Section 80C of Income Tax Act.
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