Important news for LIC policyholders! Do this work by October 24, otherwise you will not be able to get the policy money

 

LIC Policy: LIC has brought a great gift for its customers, in which you can start your discontinued policy cheaply. 

LIC Lapsed Policy:  If your LIC policy has also been closed, then this is important news for you. LIC has brought a great gift for its customers, in which you can start your discontinued policy cheaply. Revival schemes have been started by the company for the lapsed policies, under which you can get your old scheme started. 

Also read – Aadhaar Card Photo: Are you also troubled by the photo of your Aadhaar, the work will be done in just Rs 100


According to the information received from LIC, you can start your old policy till October 24 . For this, you will have to pay late fine and premium, only then your policy will be able to start. 

Policy can be revived
LIC has started this discount offer for such policy holders who were unable to deposit the premium due to some reason. Because of which his insurance policy was discontinued. LIC said by tweeting that policyholders can get their discontinued policies revived. 

Also read – Rann Utsav tour: Travel to Kutch in special tour package of IRCTC, these facilities including hotel stay will also be available

According to LIC
, a discount offer is being offered to policyholders under this plan. If your policy premium is Rs 1 lakh or less, then you will be given 25% rebate in late fee. The maximum discount will be Rs 2,500. If the premium is between Rs 1 to 3 lakh, then the amount of discount has been fixed at Rs 3,000. If the premium of the policy is more than Rs 3 lakh, then there will be a discount of up to Rs 3,500 on it.

ULIP plans cannot be
revived Policyholders can get all their policies revived except ULIPs and high risk policies. According to LIC, apart from the ULIP plan, all types of policies have been given a chance to revive, but some conditions have been kept in this too. As the same policy will be able to be started again. Whose premium must have been deposited at least 5 years back. 

Source :
Zee news

RELATED ITEMS:  ,  ,  ,  , 

Comments

Post a Comment

Popular posts from this blog

Senior Citizen Train Ticket Discount: Government has issued a new statement regarding giving discount to senior citizens on train tickets, know the details here

Image
  Senior Citizen Train Ticket Discount: Once again a demand has been made in the Lok Sabha to give discount to senior citizens on train tickets. Senior Citizen Train Ticket Discount:  Railways has withdrawn the discount given to senior citizens on train tickets since the Corona period. However, from time to time there has been a demand to restore this concession given to senior citizens in trains. Even in the winter session of the Lok Sabha, some members raised the demand for increasing fare concessions and facilities for senior citizens traveling in trains. However, even before this, Railway Minister Ashwini Vaishnav has told in the Lok Sabha that during the train journey, every passenger is given an average subsidy of 53 percent on the train ticket. Apart from this, he also told who gets discount on tickets while traveling by train. Demand for discount in train tickets raised again During Zero Hour in the House, Janata Dal (United) MP Kaushalendra Kumar said that before the Corona ep
Read more

Cash Transaction Rules: Income tax rules on cash transaction between Husband-Wife and Son-Father, know rules

Image
  Cash Transaction Rules: Income tax keeps an eye on our every transaction. But is there any tax on cash transactions or can Income Tax send a notice? Or how much cash transaction can take place between you and your wife or between father and son? If you also have these questions in your mind, then let us know their answers… If you also transact money between father and son or between husband and wife, then this news is useful for you. Actually, every transaction of ours has an eye on income. In such a situation, a question arises in the minds of many people whether income tax notice can be received even on cash transactions? Let us know how much cash transaction you can do in your family. Income tax sends notice? According to tax experts, if you give money every month for household expenses or give money as a gift, then the wife is not liable for income tax. Both these types of amounts will be considered as the income of the husband. The wife will not receive any notice from the Incom
Read more

Have a Current/Savings Bank Account? Know the Cash Deposit Limits under Income Tax Act to avoid Penalties and Notices

Image
  Adhering to cash deposit and withdrawal limits is crucial to remain compliant with the Income Tax Act in India. This article aims to elucidate the various facets of cash-related regulations, encompassing savings and current accounts, fixed deposits, credit card bill payments, real estate transactions, and more.  Cash Deposit Limits in Savings and Current Accounts The Indian Income Tax Act imposes specific regulations on significant cash deposits in savings accounts. Individuals accumulating INR 10 lakh or more during a fiscal year must notify tax authorities.  For current accounts, this threshold is set higher at INR 50 lakh. Although not immediately taxed, financial institutions report transactions exceeding these limits.  Cash Withdrawal and TDS under Section 194N  Section 194N outlines TDS rules for cash withdrawals. A 2% TDS is levied on withdrawals exceeding INR 1 crore within a fiscal year. Non-filers face a 2% TDS on withdrawals over INR 20 lakh and a 5% TDS on amounts exceedi
Read more