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Ritesh | Seeking advice for my current ULIP investment.? |
Hello,
I am Ritesh from New Delhi, n i have 4 ULIP plans, details are
ICICI PruLife Life Time Start date -20-01-2006 Premium - Rs 18000/- Yearly Cover – Rs 140000/-
ICICI PruLife Life Time Super Start date- 23-10-2006 Premium -Rs 9000/- Half Yearly Cover – Rs 800000/-
ICICI PruLife Smart Kid Start date 24-12-2007 Premium Rs 20000/- Yearly Cover- Rs 250000/-
LIC Profit Plus Start date 24-12-2007 Premium Rs 10000/- Yearly Cover – Rs 100000/-
The Total Premium paying for ULIP is Rs 66000/- and total Sum Assured is 1290000/-
Now please provide me the correct Guide Line about the future planning as well as Save Tax, My total income is around 550000/- per anum.
Thanks
Ritesh Kumar |
 |
SANTOSH KUMAR
 |
Considering your income tax liablity you must avail deduction available under section 80 C ( Maximum investment Rs 100000.00), 80 D (Maximum investment Rs 15000.00) and 80 CCF (Maximum investment Rs 20000.00).
Since you have invested only Rs 66000.00 under section 80 C, you have to further invest in section 80 C investment to the extent of (100000.00-66000.00= 34000.00)
Since yoy have not invested under section 80D and 80CCF then invest under these section also for full tax saving. |
|
Rakesh
 |
Hi Sir/Madam,
I am investing in MAx New york - I need ur suggestion whether to continue or else switch to some other plan bcos i dont see any benefits in this plan, pls advice My plan is Life Maker Plan 2
(ULIP) |
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