 27, single, no kids, great health, should i get term life insurance? |
| I spoke to an agent and he recommended life insurance (since in the future I plan on having a family, kids husband). Term insurance for 10 20 or 30 years is pretty cheap ranging from 10-16 bucks a ... |
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 Can you colect on life insurance you have'nt use? |
| meaning life insurance from a company that you no longer work for or pay for and where dose that money ... |
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 Can anyone type in dollar signs from all over the world for me? PLEASE?:'(? |
| Any type of dollar signs would do. something like Cents or Note from other countries and singapore?TYVM!!! ^.^ Appreciated your help! ^.^... |
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 When interviewing for a new job, is it bad timing if I just finished chemo/radiation treatments as far as? |
| continuing insurance coverage. I'm not comfortable disclosing to the interviewer of such a thing but want to make sure the benefits are good, I can keep the same Dr.'s hopefully, etc. A... |
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 Does anyone know how to find out if one of your parents had life insurance? |
| my father past in 2000 and he told me he had life insurance a couple years before that. while cleaning out his apartment i didn't find any policy or paper work. this happened in new jersey and ... |
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 What is the name of the Geico gecko? |
| I have a gecko and want to name him after it!... |
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 Insurance!? |
| We are in the process buying a home and we ARE going to get homeowners insurance but I was just wondering if they make you get it? Also I was wondering if anybody knows if I live on a flood plain if ... |
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 Insurance question help? |
| I am wondering what is considered a preexisting condition?I want to get insurance and i have been to urologist probably five months ago but i would like to see a family doctor. Is this considered a ... |
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 I have a offer in ALL STATE INSURANCE PLC. at Nigeria after applying through Times job. Is it true or scam? |
| Its suspicious as there is no intereview or anything. I just send my cv and they send me the offer letter. Though they donot ask any money or anything till now.... |
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 Safe is broken after 5 years-Is company liable for damage? |
| No names, but the national company claims it is a "limited" warranty for 3 yrs. Weld on hinge plate actaully gave way, whole door topples out. Shoddy piece of **** craftmanship they don�... |
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 How and why is it that insurance companies can charge interest on unpaid premiums? |
| I have to agree with the Muslims here; interest is evil. Especially when you're paying interest on such an intangible as insurance, and statistically, I probably won't even use it.... |
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 Do I have to add my roommate on my auto insurance policy? |
| My roommate and I each have a car but we don't share the same insurance policy. He has his own and I have mine. I just got auto insurance for my new car and the agent was telling me that I ... |
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 Are there any websites or companies that give leads / referrals for insurance queries? |
Additional Details
I am not talking about customer care. If "X" has a insurance need and he logs in a website "Y", and "Y" send the details of "X"... |
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 SIr, I have taken a LIC Policy in my mothers name.She is know 49 Years.Plan is Market+ Pension. ? |
| Agent told that after 5 years( 10,000 p a x 5 yrs) , she will get 8,000.00/pm as pension. So please confirm the details regarding pension( 8000 pm).... |
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bachi | Income is 6 lakhs how much can i take tax-exemption, i want to invest 3 lakhs in insurance, plz give informat |
plz, give with examples |
 |
 
firmina
|
Dear bachi,,
A) You can avail tax exemption For GPF,FBF,SPF,GDFDA,PPF, life insurance contributions and principal amount paid for home loan, tution fees paid for 2 of your children,
BUT THE AGGREGATE AMOUNT DEDUCTABLE IN THESE ARE up to 1 lakh only .
b) The other deductions are
Professional tax paid, paid for any relief fund, intrest paid for home loan, medclaim premium (upto 10 thousand)are also eligible for tax exemption.
So 3 lakh investment in insurance is not fully exempted from tax.
Less the total amount invested in para A from one lakh. Invest the balance in life insurance for this much only you get tax exemption.
In life insurance ULIPS are the best choice to invest. But be aware most of the ULIPs have high allocation charges, between 20% to 50% of your investment. This high allocation charge will eaten up your hard earned money considerably. Allocation charge up to 5% is good choice. For detailed comparison between ulips regarding this can be had from
Devaraj0910@yahoo.com
A mail can give you more detail for you to select a good policy with low charges and high returns |
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trikha_n244
 |
Yeah..to the max you can invest Rs.1,10,000/- to save ur tax from income. Now that you want to invest, you need to look out for insurance *** investment plan. I made a similar investment 3 years ago..and made good money back. My advisor gave me a ULIP plan. If you need more inputs, I can send that guy to you to explain.
Mail me at - trikha_n244@yahoo.com |
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nilay2211
|
Very Good For you are thinking about your future via Insurance.
Here As per my knowledge you go throgh LIC of India or Bharti AXA both are excellent. Don't go with any other Co.
For LIC Contact : namratant@yahoo.com ( For Higher Discount ) |
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toknowmore
 |
You can save upto Rs.1,10,000/- maximum u/s 80c for the A.Y 2007-08. Other things to save tax is Home loan, homeloan interest, education loan interest etc.
for your insurance needs
pnkmurthy@yahoo.com |
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Mallikarjuna Sastry
 |
Let me tell you one thng .Insurance is everything but investment. I am not sarcastic about it. Rather this is the hard truthe when you understand the underlying principles. Investing 3 lacs in insurance means you are ready to lock in your funds in a very low return yielding instrument for the purposes of TAX. Consider having 1 lac as insurance. Rs 50000 in Equity linked Savings schem of Mutual funds, Rs 1 lac in PF and Rs 50000 aas Fixed Deposits. This is the best return yielding and safest combination I can think of...... |
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ashok k
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if u r the salary employees.
under section 80c u can claim maximum deduction upto Rs. 100000/- u can also claim for deduction for expenses
1) conveyance allowance of Rs.9600/-
2) medicaim insurance of Rs.10000/-
3) Education allowance maximum two child total Rs.2400/- anually.
4)medical reimbursment to the extent Rs.15000/- or actual reimbursement which ever is less is exempted.
5)u can also claim for house rent allowance |
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