We are all aware that Budget 2021 (The Finance Bill 2021) has introduced one of the key amendments to the EPF Act. As per this amendment, from 1st April 2021 onwards, the interest on any contribution above Rs. 2.5 lakh by an employee to a recognized provident fund is taxable. Until FY 2020-21, the interest income earned on contributions […]
Insurance
LIC Bachat Plus – Features, Review & Return Calculation
It’s that time of the year when you have to submit the Investment Proofs (Tax saving investments) to your employers. It is also the right time for most of the Life Insurance / Financial advisors to push financial products in the name of tax benefit and insurance cover. LIC has launched its second new plan […]
LIC Bima Jyoti Plan – Features, Review & Return Calculation
It’s that time of the year when you have to submit the Investment Proofs (Tax saving investments) to your employers. It is also the right time for most of the Life Insurance / Financial advisors to push financial products in the name of tax benefit and insurance cover. LIC has launched its first new plan […]
HDFC Life Click2Protect Life Term Plan – Features & Review
Life is an unpredictable journey. It can take sharp, fatal turn at moments, which are capable of leaving one physically, mentally, emotionally and financially bruised. Many of us ignore buying a life insurance plan with adequate insurance cover. You may currently have a life insurance policy, but, you need to evaluate yourself if the existing […]
Health Insurance Sec 80D Tax Deduction FY 2020-21 / AY 2021-22 | Can I claim 80D Tax Benefit under the New Tax Regime?
Health Insurance (or) Mediclaim insurance is a must-have for all. Considering the rate at which medical costs are rising, it is very important to have sufficient medical insurance coverage. The medical inflation in India is increasing at a significant rate, almost 12% to 15% year on year. Therefore, it is critical to have an adequate […]
LIC New Plans 2020 – 2021 List | Features, Snapshot & Review of all the Plans
LIC has launched 4 new plans in the calendar year 2020 (till Dec 2020). In this post I have tried to list down the important features, details and my recommendations on all LIC New Plans that are launched in 2020-21. From January 2020 to till-date (8th Dec, 2020), LIC has launched two ULIP Insurance plans and two Pension plans. […]
