Cashless or Reimbursement in Health Insurance.

Lots of person are confused between cashless and reimbursement in health insurance policies.Generaly both terms usually comes on Health Insurance and most preferable term is Cashless, but question is here that what is cashless or reimbursement?

So, Friends here I will provide you entire details about the cashless and reimbursement, which is definitely helpful for you.

Cashless: Now a day’s cashless claim provider insurance company is on top. The reason behind this is in cashless we don’t need to pay any amount from our pocket, but it’s limited till your policy coverage.

Suppose a person has been taken a policy with coverage of 10 lakh and due to some operation his claim amount comes more than 10 lakh, than insurance company will directly pay 10 lakh and remaining amount paid by customer from their own pocket.

In cashless health insurance policy company will issue a card to every policy holder and once the customer received card, than customer can use that card for treatment. Customer just need to show their Identity proof and card to hospital or clinic counter and after that whatever treatment cost comes, that will be automatically deducted from card.This is most useful, helpful and hassle free process.

Reimbursement: This is a little tough and its create some hassle too, because in reimbursement person always needs to pay money from their own pocket and after that person needs to collect all medical bills, diagnostic test bill, discharge summary and submit it to respected insurer from the person has been bought policy and after successful submission of documents insurance company will pay the amount as per bill details.

How to choose Cashless Health Insurance Plan?

Its little tough to choose cashless plan, because now a day’s most of insurance company provides cashless plans, but the condition is they provide cashless facility to their network hospital only. If due to some reason you went to some non-network hospital, than you have to pay bill amount from your pocket and then company will reimburse you after getting bills.

So, in this situation you need to keep some points on your mind at the time of buying health insurance policy.

1. Your Locality

2. More network hospital, more profit

3. Check insurer network hospital list on your area.

4. What benefit you are getting under the plan.

For More Details Visit here : www.thepolicykart.com

call us : +91 7319758961

mail us : sales@thepolicykart.com/info@thepolicykart.com/shagufta@thepolicykart.com

Whole Life LIC Plan Benefits

LIC only company who provides the plan in field of whole life. Yes its right.LIC already introduced Jeevan Anand and updated edition New Jeevan Anand Plan,which is comes on whole life section. Here I will provide you details of whole life insurance policy and what benefits do you have in this kind of policy.

So, First thing of this policy is Insurance cover. As the name reflect that this type of policy provide you insurance cover till death or lifetime of policy holder. Also This kind of policy have some features additionally and some feature available like other policies.

1.Double Accident Cover : This is Rider available with plan.In this Rider if policy holder death happen in Road accident or any other kind of accident and the outcome is death,than nominee will be entitled with double value of sum assured.Suppose Mr X has opted a policy worth 25 Lakh Sum Assured and after some time Mr X death happens due to any accident,than his nominee will receive 50 Lakh Rs and premium and policy will stopped.Also This rider activate from day 1.Means from the same day of policy purchase.

2. Crittical Illness Rider : This rider also available with the policy.In this rider all type of critical disease covered like Cancer,Heart Attack,paralysis and lot many other critical disease like this.In this situation policy holder’s premium will be waived off by Insurance company and policy holder is eligible for all the benefits in future.Like Moneyback,Maturity and other things.

3.Maturity Benefits : This policy means New Jeevan Anand also provides maturity benefit on survival of policy holder and after getting maturity after certain term policy will be continue without paying any amount and in case of death after maturity nominee also eligible for an amount equal to sum assured and nominee will get same.  

How To Get Premium Paid Statement Of LIC For Tax Saving.

When you are fill ITR on that you need to show your savings and investment also for save some amount of tax and for this process you need to attach proof or documents related to your investment and savings.Here I will provide you details that if you have LIC Policies,than how can you get premium paid statement from yourself.Because many times your agent is not reachable or you can’t able to contact your agent for premium statement or recipe.On that situation your are in a big trouble.

So,Friends for getting premium paid statement you need to create a login ID on LIC website online.Link is here : http://licindia.in/NewUserRegistration.htm

So from the above link you need to create a user ID and passwors.Once you have done this,than you need to login and after login you can easily get premium paid statement from the menu.

Benefits Of IT Return Filling.

Lots of person file Income Tax and pay their tax,but very few people knows about the return filling.Yes friends after tax deduction you can also file for returns of your tax deduction,if you are eligible.Everybody knows that 31^st March is the last date of income tax filling,but after 31^st march you can file for return.

Suppose a person file Income Tax before 31^st March and also paid his/her all taxes and after that he/she remembered about some investment,which he/she already invested in same financial year.On that situation person is eligible to fill return and get back amount from Income Tax department as per the investment of person.

Also process is very simple.You need to fill return online Like you filled for pay tax and after that you need to upload your documents related to your investment and savings.Documents should be your premium paid statement or any other documents which is shows your investment amount.After successful submission you will get mail and message regarding your tax return and than your work done.Your Return Tax will be credited to your account,card or any other place from which you paid you tax previously.

I hope this post is useful for you and if you have any suggestion about this blog,than please don’t hesitate to write me here : info@thepolicykart.com.

5 Best Ways To Save Your Tax Deduction

Now a days everyone thinking about that how they can minimize their tax deduction.So,First I will explain you the details of Tax and its slabs.

So, As per the new Budget tax slab has been changed and increased the tax deduction slab. Now If you are earning more than 2.5 lakh Rs Annualy,than you have to pay tax as per rules.

Tax Slab :-

2.5 Lakh – 5 Lakh = 10 %

5 Lakh – 8 lakh = 20%

8 lakh – above 10 lakh = 30%

So, This is the conditions and you need to pay tax.

But there are lot many legal and simple ways available to save your tax deduction or at least minimize your deduction.

So, Below I will provide you the details of that legal ways.

1.Life Insurance : Life Insurance is a very best and most convenient way to save your tax. Here in above line I said very best and convenient due to its feature. Because if you opt life insurance for tax saving, than it’s provide you multiple benefits. You are covered under insurance coverage in condition of death, illness, accident and lot many other things. Also Life Insurance is a way to reach your goal as well as keep discipline on your savings and investment,which will not show you immediate benefits,but after long time you will get a surprising result and you can achieve your goal as well.Life Insurance also provides a financial security to your family and you can save tax undersection 80C.

2.House Rent : This is also one of the best way to save your tax.You just need to submit rent receipt to your Company and your work done.

3.Health Insurance : Health Insurance also help you to save tax under Section 80D.You need to show your health insurance policy details and receipt to your company and you will get tax relaxtion.

4.Tax Saving Bond : This also one of the best way to save your tax.This will also a type of investment and related to market.But one major benefit is the higher return of Bonds,but the return is totally depends on the Market.

5.SIP : SIP means Systematic Investment Plan.This is great way to save your tax and if you invest regularly in SIP,you can definitely became a millionaire,because SIP provide you returns upto 30%.

So,Dear Choose this option and save your tax deduction.

How To Check LIC Policy Status.

It’s a major concerns of lot of customer that how to check the latest policy status of LIC.So,Here I will Provide you all possible solution from which you can check the status of your LIC policy.So,Now don’t worry about it.There are 2 ways available to check your Insurance Policy Status. First you need to create a login ID For login to your account and the process is below for creating your login ID.Click on the below link : http://www.licindia.in/NewUserRegistration.htm

Now You Need to enter your policy number,DOB,Premium and Email Id,after successfully entry windows will ask your user id and password.You need to create user ID and password as per your wish and after this process your work done and you can check your policy status as well as you can make your renewal premium online.

Second process is mailing.Yes you need to mail to your customer zone email Id respected to your branch and mention your policy number,than customer zone will revert with you your policy status.

Kanhaiya Made a Shameless Drama for Getting Media Coverage.

Its looking very worst,when a child became young and abusing her mother.Abusing to that mother who born him,who provide him education and all necessary things which is needed to became a successful person and that child abusing her mother...Friends what's your thinking about this.Is it possible to forgive this work for a mother?.....Is it possible to give him pardon?.....Same work done by kanhaiya in JNU university. Kanhaiya Kanhaiya abused to our mother after gave slogan against our patriots.Many patriots fight for freedom of our country and lots of person hanged during this struggle and after this long and hard struggle,India was got freedom.India is democratic country everybody knows,but we need to manage this democracy.We have a freedom to speak anything,but its really bad to listen something against our country,our patriots.This is a work like the misusing of right of speak.Some people like Kanhaiya misusing the democracy of India.I am asking to Kanhaiya that you were born in India,eating country food,got education from India and now you are doing slogan against India.Please stop this idiot works....Youths are the future of India and any country.If youth empower there strength in good work and start doing good work,than this corruption and all other bad things automatically finished up.Everyone says that in India there is too much corruption available and corrupted people are there.But who supports this corruption...Have you think about it?   No....
Common is the only reason who support corruption and generate corrupted person...Lets i will give you an example :
Suppose a parents need birth certificate for his/her baby and the government official ask bribe for issuing birth certificate and the person without thinking anything give him bribe....So,now tell me who is supporting corruption....So,Mr Kanhaiya please stop this bullshit and start doing good things.Which is beneficial for everyone.Also we are Youth Mr Kanhaiya....If we think to finish this all,than definately we can do....But with proper way...Which increase the name and fame of our country world wide. 

Best Single Premium Plan and Calculator

Single premium plan is major choice of 70% population and the reason behind this is tension free investment.Mostly in regular premium policies sometimes customer facing financial crisis and unable to pay premium on time and as a result premium keep on increasing and as well late fine also increasing continuously,which comes policy lapsed as a result,but in single premium policy this problem never comes,because you have to invest one time amount in policy and sit back rest for the period you have choose and after completation of policy term you will receive a good returns.

Many people also thinking that LIC or other insurance companies one time plan is not provide good returns,but its totally false.LIC single premium plans provide you insurance cover as well as tax benefit and also good maturity returns, but in same if you invest amount one time in bank FD or PPF or any other place,than you don’t have any tax benefit as well as you don’t have any benefit of insurance cover.

LIC Pension Plan For Senior Citizen

Pension plan is a most important thing for senior citizen, Because pension is a biggest support for senior citizen to help and support them in old age and pension provides a power to survive happily and fulfill all dreams in older age also very easily without any financial worry.

There are many plans provided by many of Insurance companies, but choosing a best suitable pension plan is not a very easy in the meantime of throat cutting competation. All.All insurance companies show his product best, but internally in every product there is some pros and cons available.So,we need to check everything properly, before purchasing the plan. Because your current decision will make your older age bright or dark. If any one can take right decision right now and invest in correct place, than it will provide you good returns as well as good pension and you can easily complete all the dreams and live in retirement as a king.

But if mistakenly take a wrong decision and invest in wrong place than this decision will destroy your amount as well as your retirement.

So, First prefer trusted companies like LIC,HDFC,ICICI and other insurance company, who have a good track reports and less claim dispute record.

There are 3 plans available in LIC,which is beneficial for senior citizens also.LIC provides Jeevan Nidhi Plan,JeevanAkshay-6,Single Premium Pension Plan.So,LIC Provides you all the option to start pension policies. Means you can start retirement planning with regular investment or with one time investment and after a certain period you will start getting pension on regular basis. Also you can start getting pension amount in various method comfortable for you. Like you can withdraw your pension amount in monthly,quarterly,half yearly and yearly basis, but you have to choose this payment mode at the time of pension starting time.

Investment Planning Idea To Became a Millionaire

What is Investment Plan?

Investment plan is a financial planning of future to save our family from unexpected financial crisis and also help a person to complete his/her dream without any problem.

When will I start Investment?

Simple answer as soon as you will start saving money and invest in best place will help you to reach your desired goal soon.Your dreams like Home,Car and other things will complete very soon.

Where shall I Invest My Amount?

This is really good question and every person thinking about this before investing the amount. Because wrong decision will destroy your dreams completely and its very tough to recover again.So,first check everything from yourself and then consult with experience advisor, but as per my suggestion online is much more better compare to take consult from anyone else. Now a days everything is available online and you can check each and every details accurately and properly without any help. Also many companies provide you comparison of all insurance company plans. Which help you to save your money also.

Where is my Investment amount Secure?

If you are not looking for risk and wants sure return,than its better to go for traditional policies like LIC New Jeevan AnandPlan,New Endowment Plan,Money Back Plan,Children Plan and many other plan of LIC.This will provide you risk free return.You just need to invest your amount continuously.

How can I save my Tax with Investment Planning?

Yes You can save tax also with your insurance and investment.As per rule if you invest your amount in Life Insurance product,than you are eligible to sav your tax deduction under section 80C.

How thepolicykart.com help?

Thepolicykart.com provide you comparision of Life Insurance plan and provide you all the facilty online.We provide you premium and maturity calculator as the track record of last 10 years of Life insurance companies.We help you to choose best plan for your future and can buy policy online in few clicks.So,we provide you everything digitally

Should I need Term Plan.

This is a common question on the mind of most person, when person looking for Insurance, because term Plan will not provide you any maturity if person survive till policy term and the amount, which paid by customer waste. In this situation person think that should I buy term plan or not.

So, Friends don’t need to confuse. Today thepolicykart.com provide you all details about the term plan and why you should purchase term plan from this blog post.

So First thing whenever you are looking for a term plan or thinking about it prefer best insurance company like LIC, HDFC, ICICI.Because the claim settlement ratio of this company is good and this companies are establish from long term, but I am specially prefer you for LIC Terms plan, due to good claim settlement history and superb customer phase and last thing that LIC Established in this field from past 40-45 years, which is a big trust in itself.

So, Term plan provides you a security for your family future and help them to stand them in absent of earning member and the family can survive and provide proper education and other essential thing without struggling for money.So,this is the major concept behind the term plan. Also term plan’s premium will be very less and reason for that Insurance only.

Now I have said above that I will prefer LIC for term plan and reason is that LIC is a first Insurance company in India and trustable also. Also LIC claim settlement process is very easy and cover almost everything. Like Natural Death, Accidental Death, Road Accident, Suicide case.So,there is very less chance of risk in LIC to loose money.

Pension Plan - More Than pension benefit.

Pension plan is an important part of our life. This will secure our future, when no one available to support you and provide you a financial security. Pension Also make you non dependable on anybody. You can do whatever you like…You can buy or give gift any one without asking money from your earning son or daughter. You are enjoying your old age also like a youth time.

But for getting this much benefit you need to keep some point on mind. First thing that you have start planning for pension as soon as.Because sooner you will start, than you are eligible for maximum benefit. Second thing everyone can plan for old  age means for pension. If a person start saving minimum 500 Rs every month, than person eligible for good pension amount at the age of 55 or 60,Because commonly every service holder retired after 55 and private job holder person can work till 55-60 Age.So,its depend on the Income of person and how much an individual can save. Because more saving is a result of more benefit and higher pension amount.

Also pension planning is not limited till you, because many plans available in Insurance companies, who provide you pension till life time as well as maturity amount to your nominee after death.So,you have double benefit, that you are enjoying your old age as well as your nominee means son, daughter or your wife also get benefit after the death of policy holder.

Like LIC introduced a plan named New Jeevan Nidhi and Jeevan Akshay-6.Which provide the same benefit, which I have mentioned above. The plan provide you regular pension amount as per your investment and as per your opted mode. You can get pension in monthly, quarterly, half yearly and yearly basis. Also you can start getting pension from your 55 age and after your death your nominee would receive maturity amount. Also you can choose the pension option as per your requirement.

So, please visit here : www.thepolicykart.com for more details or call us : +91 7319758961.

Best Investment Plan In Insurance Companies.

There are 24 Insurance companies available in India, who provides Life Insurance product and in this condition its very tough for us to find out right plan for our self.Which cover our all aspects of Future. Like Child Education,Marriage,Retirement and other financial requirements.So,www.thepolicykart.com available here to help you in this situation and help you to choose and find out best one investment plan for you,which covers all aspects of your future above mention.

But than also we can just guide you best one and provide you an assumption,but its depend on your decision finally.Also in current throat cut  competition you can check value also.Because many companies available in India,they provide same benefit and same return in low premium and other company like LIC provides in high premium.

So,it’s a big confusion for customers to understand why this happening.So,keep it on mind, than you are opting a insurance policy for your family future and you just want that in case of any unexpected happening, your family will not come on road and your insurance will support your family.So,this is the major concept behind the insurance plan and Investment plan.So,first check claim settlement ratio of insurer and than check the insurer dealing in this field from how many years.  As you know that “old is gold”.So,same thing happening here.If you go with reputate and good claim settlement history,than definitely you have to pay little high premium,because your risk factor is very nominal.So,before opting any plan take help of experienced person of www.thepolicykart.com ……Have a nice day…

               We come back again with some new and beneficial details and before that : “Insure Carefully, Dream Fearlessly….”

Save Your Unwanted Tax deduction and Assure Family Security. - Classified Ad

Save Your Unwanted Tax deduction and Assure Family Security. - Classified Ad

Financial Planning For Future.

Financial plans are series of an individual additive attainment of which is designed to accomplish a financial goal or set of circumstances, e.g. Elimination of debt, retirement readiness, etc.

Financial planning may easily be understood as, the method of meeting our life goals through the proper management of our finances. Life goals might include buying any home, saving for your child's higher education or planning for retirement. The financial planning process consists of some basic points keep in mind that assist you take a 'big picture' cross-check where you're presently. Using below given points, you'll be able to work out with a good financial plan, and may check where you're presently, what you'll need in coming future and what you should do to succeed in your goals. The process requires a smart way of planning and expert help.

The benefits of financial planning

Financial planning provides direction and meaning to your financial decisions. It allows you to understand how each financial decision you make affects other areas of your finances. For example, buying a particular investment product might help you pay off your mortgage faster or it might delay your retirement significantly. By viewing each financial decision as part of the whole, you can consider its short and long-term effects on your life goals. You can also adapt more easily to life changes and feel more secure that your goals are on track.

5 golden rules of financial planning-

1). Have a financial goal, be rich

Financial goals can't be an afterthought, or your efforts are likely to fail. To succeed at anything, you have to make it a priority in your life. Commit your goal, if you're not clear on your commitment, other things will always get in the way. A plan acts as a guide through your financial journey and, even if domestic and global upheavals dent your investments, it will help you get back on track. At the macro level, planning affects every aspect of personal finance, be it taxation, insurance or achievement of goals.  As with everything, it's all about the choices you make.

2). Make a budget or spending plan

Command your expenditure from being overflow. Track your expenses. A simple step you may have in practice is to right down every single thing you spend money on and analysis at end of month.

Imagine it as your spending plan initially. After that you may frame it as regular or traditional budgeting, in which you allow a certain amount of money for each of your spending categories, including long-term savings and emergency savings, for example. Or you can think of it as a reflection of your values. Monitor your expenses and see is it helping you to achieve your goal that we discussed earlier.

3). Save your money

Saving is another earning. You can’t be rich if you will spend all your money, in this sense it is important to focus on saving your earnings. if you are not saving a penny you'll always be treading water. From saving your money we mean living beneath your basic means and increasing your income. You may find many ways to save a few dollars off of expenses, such as buying generic, travelling with public transports, commanding over unnecessary expenses and via other ways you may save some extra dollars every day. By the way, it’s your money, Enjoy Your Money! But care more about How to Make It, Save It, Invest It and earn more.

4). Ensure your family & finances

Most people are so intent on investing, handling daily life and building assets that they forget to cover their risks. It is always crucial to secure your family and finances by creating an adequate insurance portfolio. A majority of the people buy insurance to save tax and as an investment, with life insurance the second most favored investment destination after fixed deposits. Please don't mix your insurance and investments. Command your investment, but insurance should be flow continuously.

5). Keep yourself updated, be aware & alert

As time changes there is always some new rules are being updates. A good financial planning should include above stated points but this is also important to be alert about the plan’s status. A good financial plan doesn’t only means investing in the right avenues and monitoring the plan's progress, but also ensuring that you don't lose your hard-earned money to frauds, identity theft and sheer ignorance. Financial knowledge and caution can translate into higher gains and fewer losses for you in any market condition. You may compare various market strategies, have guidelines from experts like Thepolicykart to ensure your safety.

LIC e-term Plan Online.

A person who is comfortable with internet services and has some experience of having made an online purchase, buying life insurance online will always be a logical option to him. Of course it should be, as It's fast, easy and secure. Just fill in some required basic details and make the online payment. No tension for visiting offices etc. And also its hassle free process. Apart from the convenience, online policy is also cheaper than the offline version as online rebate is also available. LIC's e-Term is a regular premium non-participating "on-line term assurance policy" which provides financial protection to the insured's family in case of his/her unfortunate demise.

LIC's e -Term Policy

LIC's e-Term policy is a pure life cover policy. Under this insurance policy, against payment of regular premium, the insurer agrees to pay your beneficiaries the sum assured in event of your premature death during policy term. However, if you survive till the end of the policy term, nothing is payable to you.

Eligibility-

·         The person should be Resident Indian residing in India.

·         He should not be Non-Resident Indian(NRI), Overseas Citizen of India(OCI) or Person of Indian Origin(PIO).

·         Minimum entry age: 18 years (Completed).

·         Maximum entry age: 60 years (Nearest Birthday)

·         Maximum cover ceasing age: 75 years (Nearest Birthday)

·         He/she must have own earned income.

·         One cannot propose for anyone other than self.

·         One should have annual income around 3 lacs to purchase under Non-smoker rate.

·         Income should be sufficient to cover all existing and proposed insurance cover under all insurers.

Benefits-

Death Benefit - In case of unfortunate death of the Life Assured during the policy term SumAssured shall be payable.

Maturity Benefit- On survival to the end of the policy term, nothing shall be payable

Details Of Money Back Plan.

Money Back Plan is a special type of life insurance policy that falls under Endowment Plans. In Insurance language it is called Anticipated Endowment Plans and commonly known as Money Back Policies. It simply means that in Money Back Plans, the money comes back to the Life Insured after a specific interval of time as Survival Benefit. However, if the Life Insured dies during the policy term, then the Death Benefit would be paid to the nominee and the policy would be terminated and no further money would be paid to him on the intervals.
 

Thus, a Money Back Policy is an endowment with a liquidity benefit. The Maturity Benefit comes in installments instead of a lump sum at the end. It is called ‘Survival Benefits’. Each installment is a percentage of the sum assured. The remaining bit comes as Maturity Benefit at the end of the policy term.

Unlike ordinary endowment insurance plans where the survival benefits are payable only at the end of the endowment period, this scheme provides for periodic payments of partial survival benefits as follows during the term of the policy, of course so long as the policy holder is alive.

For example, suppose if you are having a 20-year Money-Back Policy, 20% of the sum assured becomes payable each after 5, 10, 15 years, and the balance of 40% plus the accrued bonus become payable at the 20th year. And for a Money-Back Policy of 25 years, 15% of the sum assured becomes payable each after 5, 10, 15 and 20 years, and the balance 40% plus the accrued bonus become payable at the 25th year.

An important feature of this type of policies is that in the event of death at any time within the policy term, the death claim comprises full sum assured without deducting any of the survival benefit amounts, which have already been paid. Similarly, the bonus is also calculated on the full sum assured.

Who should buy Money Back Insurance Policies?
 

Money Back Insurance Policies should be taken by someone who might require money at regular and specific intervals, like children’ s education, etc. Also because the Death Benefit is guaranteed irrespective of the Survival Benefits already paid. Thus, if the Life Insured dies on the year of the policy maturity even after receiving 4 Survival Benefit, the nominee would get the entire Sum Assured and not a reduced one. You can also save tax as the premiums paid and the money received in installments are tax-free.

You should always compare and consult with experts like Thepolicykart to find the best money back policy for your family before making a purchase.

All About Pension Plan.

Pension plans are individual retirement plans that keep a future point of view and thus let you allocate a part of your saving for your future, and foresee financial stability basically for after retirement periods. Even if a person has a good amount of earnings or saving, neither earning makes them guarantee for their secure and easy old age life nor their saving, a retirement plan is nevertheless crucial.

Money is just like flowing water, saving gets exhausted after some time or once if any emergency happens, in this case having a good retirement plan ensures your cash flow to meet your daily basic needs after retirement.

Actually a pension plan can be understood as a plan that guarantee you to provide a good salary after your retirement, when no one will be there to help you, it will be, to provide a financial support to you. These policies are most suited for senior citizens and those planning a secure future, so that you never give up on the best things in life.

There are several types of qualified pension plans and must noticeable points-

1). Defined benefit plans (DB)-

·         Defined benefit pension plan guarantees a certain payout at retirement, for life.

·         Amount of pension is paid according to a fixed formula which usually depends on the member's salary and the number of years' membership in the plan.

·         If the pension plan allows for early retirement, payments are often reduced to recognize that the retirees will receive the payouts for longer periods of time.

·         In most pension plans, the employee, the employer, or both may make contributions.

·         Plans are better for people who have 20 years until retirement or less, since the annual contributions can be larger.

·         If there is any shortfall in the money required, your employer must pay the difference.

2). Defined contribution plans (DC)-

·         With a DC plan, contributions are guaranteed, but retirement income is not.

·         An individual account must be set up for each participant in the plan.

·         DC allows the employer and/or employee to make contributions, so that the final benefits depend on how much was in the account and the rate earned by the account's investments.

·         A defined contribution plan will provide a payout at retirement that is dependent upon the amount of money contributed and the performance of the investment vehicles utilized.

·         You are responsible for investing all contributions to grow your savings. In this way, the plan is similar to an RRSP (Registered retirement Saving Plan).

·         The amount available for your retirement depends on the total contributions made to your account and the investment returns this money earned.

Compare and buy the best retirement plan at Thepolicykart

A pension plan ensures that a financial support and independency will be safe in your old age after retirement, even when no sources of income will be there for you. That’s the reason it is always advisable to compare the best pension plans available in market to be update about the best plan and make unbiased decision to ensure the best plan for your future. We at Thepolicykart understand you and know that a right pension plan makes a secure plan for your retirement in a phased manner. So it is always advisable to choose the best retirement plan that can act as a savior of your life in those golden years.

LIC New Jeevan Anand Plan Calculator

Importance Of Insurance In Life.

Life is full of risk and unexpected happens, damages may be from house, car, health, property or even to life. Risks are unpredictable, usually we can’t stop these things from happening, but we can opt to give our lives a bit of protection and backup, that always makes us strong against bad situations. Whatever risk is, a backup is always there as insurance policy. Insurance is an arrangement under which a company or state agreed or undertake to provide a compensation for specified loss or damage, it may be from a small object, giant property or even a human life. An insurance provides a legal contract (policy) in which an individual or entity receives financial reimbursement or compensation against losses for the specified thing for which the insurance is, from that particular insurance company. The company pools clients' risks to make reimbursement more affordable for the policyholder.

To get benefitted by these insurance policies, one has to make an undertaking with an Insurance company, for which insurer or company and the insured or policyholder both have to be agreed upon certain terms & conditions. The amount of money to be charged by insurer, for a certain amount of insurance coverage is called the premium. By paying premium to an insurance company, policyholder gets a promise in return that insurer will pay the compensation related to incidents covered under T&C of the policy.

Before taking an insurance policy, look for best priced pack available with different insurance companies, and be sure about terms of Insurance companies and the policies they offer, as they might differ with company to company. Different insurance policies are available there, like life insurance, health insurance, travel insurance and many more. Before having one, make sure which one you need, and compensation or coverage against damage they provide is as per your choice or not. Better will be to consult with policy experts like thepolicykart. Life is most precious, so think about more than just the price. Invest like an expert.

LIC Jeevan labh (Table No.836) Presentation.

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LIC Jeevan Labh (Table No 836) Plan Details.

If you are planning your tax-saving investments now,Life Insurance Corporation of India (LIC) has launched a new limited premium paying, non-linked, with-profits endowment plan called Jeevan Labh. The plan is being sold on the basis of the limited premium paying feature. So, although premium is paid for a limited period,policyholders can enjoy life cover for the entire term of the policy. The plan is available from policy term of 16, 21 and 25 years with premium paying term of 10, 15 and 16 years respectively. The maximum age at maturity is 75 years. The minimum basic sum assured is Rs 2 lakh, while there is no limit on the maximum. On maturity of the policy and the policy holder surviving to the end of the policy term, basic sum assured along with vested simple reversionary bonuses and final additional bonus, if any, shall be payable. The highlight of the plan is that premium is payable for limited period and risk is covered for the whole policy term. The plan is suited to those who want premium commitment for short duration having life coverage and benefits for a longer period. On payment of higher premium the plan also offers two riders, as an option. These are the Accidental Death and Disability Benefit Rider and New Term Assurance Rider. The riders offer an additional sum assured, apart from the basic sum assured, in case the policyholder dies during the policy term. But there are limits with regard to the sum assured for the both riders. The policy offers guaranteed returns, but the returns are minimal.

Key Features

o    High Bonus Attracting Plan

o    Premiums need to be paid for less number of years than Maturity year

o    Ideal Plan for planning Child's Education and Marriage

o    Options to avail accidental benefit and term riders

o    Paid premiums are exempted from income tax under 80C

o    Maturity amount is tax free under 10 (10D)

Plan Parameters

Minimum Age at Entry	8 Years (Completed)
Maximum Age at Entry	59 Years for 16 Year Term
	54 Years for 21 Year Term
	50 Years for 25 Year Term
Premium Paying Mode	Yearly, Half Yearly, Quarterly, Monthly (ECS Only)
Policy Term (Premium Payment Term)	16(10), 21(15), 25(16)
Basic Sum Assured	2,00,000 and above (in multiple of 10,000)
Premium Payment Mode rebate	2% on yearly, 1% on Half Yearly, Nil on Quarterly & Monthly
Rebate on High Sum Assured (Per 1000 of Sum Assured)	0% up to 4,90,000
	1.25% for 5,00,000 to 9,90,000
	1.50% for 10,00,000 to 14,90,000
	1.75% for 15,00,000 and above
Loan	After 3 years
Surrender	After 3 years of full premium payment