PLI Vs SIP
CA Sanjay Majhi (Professional) (47 Points)
04 March 2018
is it PLI better than SIP from return safety taxability point ?
CA Sanjay Majhi (Professional) (47 Points)
04 March 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(174880 Points)
Replied 04 March 2018
Actually both are totally different product....... You have to ascertain whether you wish more return at the cost of some risk......... or just get insured at the cost of almost nil return
CA Sanjay Majhi
(Professional)
(47 Points)
Replied 04 March 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(174880 Points)
Replied 04 March 2018
Yes, because of Governmental backing, but can't beat MF equity scheme SIP returns......
Secondly, bonus gets lost in case of surrender of policy...
CA Sanjay Majhi
(Professional)
(47 Points)
Replied 04 March 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(174880 Points)
Replied 05 March 2018
only Rural PLI covers general public !!
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(174880 Points)
Replied 05 March 2018
Well, PLI covers employees of Central and State Governments, Central and State Public Sector Undertakings, Universities, Government aided Educational institutions, Nationalized Banks, Local bodies, autonomous bodies, joint ventures having a minimum of 10% Govt./PSU stake, credit co-operative societies etc.
PLI also extends the facility of insurance to the officers and staff of the Defence services and Para-Military forces. Apart from single insurance policies, Postal Life Insurance also manages a Group Insurance scheme for the Extra Departmental Employees (Gramin Dak Sevaks) of the Department of Posts.
It does not cover general public, but Rural PLI !!
CA Sanjay Majhi
(Professional)
(47 Points)
Replied 05 March 2018
BUT IT ALSO INCLUDES PROFESSIONAL LIKE LAWYER , CA , DOCTOR ETC. I HAVE THE CIRCULAR.
CA Sanjay Majhi
(Professional)
(47 Points)
Replied 05 March 2018
HERE IS THE CIRCULAR
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(174880 Points)
Replied 05 March 2018
Yes, its good that professionals are also included under PLI, now......
But keep in mind that 'insurance is not investment'.....
It is security to the dependents......... but at the cost of return.
Even comparing it with debt fund is unwarrented........... as debt funds are just to safeguard capital erosin against inflation......... net earnings are meager as compared to other investment class......
CA Sanjay Majhi
(Professional)
(47 Points)
Replied 19 June 2018
If Insurance prem. Amt is 3.00L(One time) made after 1.04.2012.and matured value is 4.95L on 05.07.2017 what is the tax treatment ...TDS is deducted 194DA .....what about 3.00l DEPOSIT....only difference is taxable or not
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