Whole Life Insurance - What is whole life insurance? A whole life Insurance is a Term Insurance Policy that covers you for 99 years. They are different from ordinary insurance policies which have a defined term of say 10, 20 or 30 years. Benefits of Buying Whole Life Insurance Whole Life Cover - The policy covers you for 99 years. Level Premium - Your premiums remain fixed for the entire term of the policy, allowing you to benefit from an amount that will become lighter on your wallet over time. Tax#- The insurance premiums are tax deductible up to ₹ 1.5 lakh under Section 80C and the maturity amount is exempt from tax under Section 10(10)(D). Additional Riders and Features available in ICICI Pru iProtect Smart Riders are optional benefits that may be attached to a whole life policy. 1. 2. 3. 4. 5. People like you also read ...
E-filing Income Tax Returns in India (2018) | ICICI Prulife Filing of income taxes doesn't need to be a challenging task. If you are worried that filing taxes is about carrying hundreds of papers and organizing everything like students do before an exam, let us tell you right away that income tax filing today is nothing like that. With India embracing the digital world and the many conveniences it offers, electronic filing (e-filing) makes it possible to file income tax returns (ITRs) in a matter of few clicks. What is E Filing? E-filing is the short form of electronic filing of income taxes. 3 ways to do E Filing There are three basic ways to file income tax returns electronically. First option - You can use a Digital Signature Certificate (DSC) to e-file. Second option - You can e-file without a Digital Signature Certificate. Third option - You can e-file income tax return without DSC and verify it with Aadhar number or through bank. Why should you file income tax return? Benefits of filing income tax returns Steps to do E Filing in India
Term Insurance Plans - Best Term Plans Online in India | ICICI Prulife You can get a simple, quick and clear answer to this question by calculating your Human Life Value or HLV. HLV is an easy-to-use numeric method of calculating the amount of Life Cover that you may need. The basic thumb rule that can be used to find out your HLV is as follows: For example, if a 32 year old man has an annual income of 5 lakh, the ideal Life Cover for him would be 25 x 5 lakh = 1.25 crore. *Please refer the product brochure to know more information regarding the illnesses covered, Accident Cover, and Total and Permanent Disability. ** Tax benefits are subject to conditions u/s 80C, 80CCC, 10(10A), 10(10D) and other provisions of the Income Tax Act, 1961. 17 per day is for a 25 year old healthy non-smoker male, availing a policy with a 15 year term. 6078 excluding taxes.
Term Insurance Comparison - Compare Best Term Plans Online ^Critical Illness Benefit (CI Benefit) is optional and available under Life and Health and All in One options under ICICI Pru iProtect Smart. This benefit is payable, on first occurrence of any of the 34 illnesses covered. Only doctor's certificate confirming diagnosis needs to be submitted. The benefit is payable only on the fulfillment of the definition of the diagnosed critical illness. The CI Benefit, is accelerated and not an additional benefit which means the ICICI Pru iProtect Smart policy will continue with the Death Benefit reduced by the extent of the CI Benefit paid. On payment of claims for treatment of Angioplasty, if the CI Benefit is more than ₹ 5,00,000 the policy will continue for other CIs with CI Benefit reduced by Angioplasty payout. ~Based on number of policies sold online between April 2018 - March 2020. 3Please refer the product brochure for definitions, exclusions and other terms and conditions applicable for terminal illness.
ULIP - Unit Linked Insurance Plans in India 2020 ICICI Pru Signature The total of Premium Allocation Charges (excluding Top-up premium allocation charges) deducted in the policy net of taxes will be added back to the Fund Value at the end of 10th policy year. The same amount will be added again at the end of every 5th policy year thereafter. UIN: 105L177V02 ICICI Pru LifeTime Classic The Company will allocate extra units as below provided all due premiums have been paid: For single pay policies with a policy term of 5 years, a loyalty addition of 0.25% of the average of daily Fund Values, including Top-up Fund Value, if any, in that same policy year, will be payable at the end of the fifth policy year. Each Loyalty Addition will be a percentage of the average of daily Fund Values including Top-up Fund Value, if any, in that same policy year as mentioned in the table above. Wealth Boosters will be a percentage of the average Fund Values including Top-up Fund Value, if any, on the last business day of the last eight policy quarters.
TDS - What is TDS (Tax Deducted at Source) & How to Pay TDS Online? What is TDS ? TDS or tax deducted at source is a deduction made by someone while making a payment or crediting the account, whichever is early. This could be your employer, customer or even a bank paying you interest on a fixed deposit. Before making a payment to you, the payer deducts and pays tax on your behalf to the Income tax department. You can claim/adjust TDS credit while filing your income tax return against income tax payable. You can view the details of the TDS credit in Form 26AS by logging into your income tax efiling account. TDS could be while purchasing a property, paying rent or paying a salary to any person. TDS Rate Chart The rates mentioned are for payments made to Resident individuals who have provided their PAN to the person responsible for deducting tax. TDS on Salary TDS on Interest Income (Fixed Deposit) Interest Income of resident person is taxable under section 194A of the Income Tax Act, 1961. TDS on interest received from bonds TDS on Insurance Commission
Term Insurance - Best Term Plans & Policy in India 2019-20 | ICICI Prulife **Our Life insurance policies cover COVID-19 claims under life insurance claims, subject to applicable terms and conditions of policy contract and extant regulatory framework. COVID-19 is not included in Critical Illness benefit covered under ICICI PRU iProtect Smart. @Life cover is the benefit payable on the death of the Life Assured during the policy term. "The percentage saving computed is purely in terms of premium paid over the term (Difference between Limited Pay: 5 years and Regular pay) of the policy and does not account for time and other factors that may happen during this period. It is one of the many features that the product offers, and you can opt for it based on your individual needs. ~~(Source: Company BuyOnline data - Dec 2015 till Mar 2020) $$
Child Plans - Best Child Insurance Education Plan Online * Under this benefit, following the date of death of the life assured, provided all due premiums have been paid, units equivalent to the installment premium will be allocated by the Company on the subsequent premium due dates. This benefit is not applicable for the One Pay option. On death of the Life Assured, the following conditions apply: The Fund Value including Top up Fund Value, if any, will remain invested in the respective funds and portfolio strategies as on date of death of the Life Assured.Only the Fund Management Charge and Policy Administration Charge will be levied. ** Loyalty Additions are applicable from the 6th policy year onwards in the form of extra units at the end of every policy year. $ Past performance is not indicative of future performance. ^ Tax benefits under the policy are subject to conditions under Section 80C, 80D, 10(10D) and other provisions of the Income Tax Act, 1961. + Provided monies are not in DP Fund.
How to Choose the Best Term Insurance Plan in India While choosing a term insurance plan, the first thing most people do is compare prices. Yes, price is important. But by giving too much importance to the price of a term insurance plan, you may compromise with your family’s financial security. To make sure that your family doesn't suffer in future, we have compiled a list of five important features which should help you choose the best term insurance plan. 1. This ratio reflects the percentage of claims paid out of the total claims filed in the year. The purpose of term life insurance is to secure your dependents’ future. While claims settlement ratio is important, what’s equally important is to check the total number of claims that were settled by the insurer. Fact: ICICI Prudential Life has settled 10,938 claims out of the 11,034 claims received in the last financial year. 2. Solvency ratio tells you whether the insurer you choose will be financially capable of settling your claim if the need arises. 3. 4. 5.Premium Cost:
Health Insurance Plans & Policies Online in India | ICICI Prulife 1 The premium rate is of ₹ 10 lakh Cancer cover and ₹ 10 Lakh Heart cover for 35 year healthy male for policy term of 20 years and inclusive of tax. 2 A discount of 5% on the first year’s premium will be offered on purchase of ICICI Pru Heart / Cancer Protect when life assured and his/ her spouse is covered under the same policy. The policy benefits of both the Lives Assured shall be independent of each other. The Sums Assured of both the lives could be different. 3 ₹ 20 lakh cover mentioned here consist of ₹ 10 Lakh Cancer cover and ₹ 10 Lakh Heart cover of ICICI Pru Heart/Cancer Protect plan. ^Tax benefits under the policy are subject to conditions under Section 80D and other provisions of the Income Tax Act, 1961. $A waiting period is the amount of time an insured must wait before some or all of their coverage comes into effect. #Source -