Lic deduction amount
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 May 2012
i have take bima nivesh policy to my senior person.
sum is assured 100,000Rs.
Basic premium one time 99005
shall i get the full deduction of lic premium this year.
sum is assured 100,000Rs.
Basic premium one time 99005
shall i get the full deduction of lic premium this year.
07 May 2012
Dear Friend,
Upto Rs 1,00,000 of premium not sum assured you will deduction, therefore you will get the ded. on whole your premium of rs 99,005 in a year.
Upto Rs 1,00,000 of premium not sum assured you will deduction, therefore you will get the ded. on whole your premium of rs 99,005 in a year.
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 May 2012
lic policy is the period of 5 years.
maturity amt 171000 off figure
plicy name bhima nivesh specially for senior.
can senior person get the full deduction of lic premiun paid onetime lumsum i.e.99005
maturity amt 171000 off figure
plicy name bhima nivesh specially for senior.
can senior person get the full deduction of lic premiun paid onetime lumsum i.e.99005
08 May 2012
do this lic policy on your name or on some other person name because it gives the benefit to the policy holder not to the premium payer. & the policy holder get the benefit for whole premiun upto rs 100,000
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