Double tax benefit available (Premium paid gives 80c benefit up to ₹ 1,50,000 and maturity is also tax free under section 10 (10D).
An Illustration: For a standard life“CROREPATI FROM DAY 1” | |||
Age | Per Day Saving(Approx.) ₹ | Get maturity of ₹ 1 Crore at the age of | Risk cover of ₹ which continues even after maturity |
25 Years | 210 | 60 Years | 20,00,000 |
30 Years | 240 | 65 Years | 20,00,000 |
35 Years | 280 | 70 Years | 20,00,000 |
40 Years | 425 | 70 Years | 28,00,000 |
45 Years | 650 | 70 Years | 36,00,000 |
Disclaimer: “Crorepati from Day 1” is a concept name only and it’s not a direct product of LIC, we made the combination of two plans as per the client need and the two plans used for combination are of LIC of INDIA.
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