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Single premium plans for tax saving make no sense

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Vijay Kumar Dadoo
 Single premium life insurance plans offered by LIC And others
by Vijay Kumar Dadoo on Jan 08, 2017 04:46 PM

This is the worst plan. With the present laws, the insured can end up paying income tax from his pocket on maturity. As per the present laws, the entire receipts against the policy are required to be ADDED TO THE INCOME OF THE YEAR OF RECEIPT.
Any person opting for this single premium policy may contact me at my mobile 09412070828

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chanakya maurya
 It makes a lot of sense.
by chanakya maurya on Jan 05, 2017 10:47 AM

Cases differ from individual to individual.

It may sound nonsense to a few.

And many may rejoice with that.



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