Dr. Kumar Gaurav has completed over a decade in corporate BFSI segment, and worked at both frontline, middle and senior management positions with companies like Tata AIA Insurance, Reliance Life, SBI Life, Bajaj Allianz and more. He leads us in this endevour, a journey which he began as an entrepreneur, where we aim to educate, interact, inform and guide our esteemed NW family through financial and fiscal planning, investing the right amount at the right time, and making smart choices with our wealth. Dr Kumar Gaurav, with his extensive experience, knowledge and insights, have been successful in nurturing not just wealth, but relationships too.
Policy Name: Bajaj Allianz Life Income Assure- income I purchased this policy in my name in 2022. At that time my age was 32 years. Sum Assured= 7,20,000/- Premium paying term= 7 years Regular Premium with tax= 1,01,161/- Policy term= 19 years Due date of last premium= 13/01/2028 Maturity Date= 12/01/2041 Guaranteed monthly income= 5000/- Kindly explain 1) How much lump sump amout( maturity benefit) I shall receive at the end of the policy term of 19 years that is on 12/01/2041. 2) Whether the Guaranteed monthly income and the lump sump ( maturity benefits) is taxable under income tax act or tax free? 3) Can I receive the GMI and maturity benefit in my Wife's or Son's bank a/c? 4) Whether it comes under 80C? Thank you.
sir 30% tax slab mei aane wale k liye is time equity saving aur arbitrage funds sahi rahega???kyunki FD karana bekar h..equity ko correction mei leke ka socha h.
Absolutely correct in my opinion. We should only invest in Equity and Mutual Fund. In the year 2004, I have invested Rs 6.5 lac in a flat @ the prevailing cost . At present it's value is Rs 15 to 20 lacs. If I would have invested in Titan share (at the prevailing rate Rs10 per share, total no of share would had been Rs. 65000) Present rate of Titan share price is Rs 3400 per share. So the total corpus would have been at present 65000x3400= 19 crore approx. But the equity to be chosen correctly with guidance of experts.
