Sir..Nicely explained..👌👌 Plz guide whether Umang is better or Dhara -2 for my son of 21 Yrs Age... I think Umang is better becoz there is provision to get big lump sum cash value on surrender of policy as per our need in future after PPT & this cash value will be growing every year till surrender. Secondly, amount coming to our A/C is yearly 8% of SA which is taxable, but amount yearly going to accumulate cash value will not come in our bank A/C which is so non-taxable every year but will recieve as big lump sum when we need ie as per our choice when to surrender. These 2 feature not available in Dhara -2 OR Utsav as whole amount of SB will come in our Bank A/C, so its taxable & also will be easily expended & So big lump sum cash value will not be created as in Umsng..! Right OR Not..? Plz guide as I m in confusion whether to take Umang or Dhara -2 for my son of 21 Years..? Eagerly waiting ur reply. :- Rajput MS, Nasik
Good questions asked sir. Let see what answers do we get. But as far of my knowledge. the returns from LIC be it survivor benefit or maturity benefit are non-taxable if the annual premium is less than 5 Lakhs which will come under section 10 C I guess, If I am not wrong.
Hello sir, I am a parent of two differently abled children. I am 59yrs and months old. I am planning to sell one of my property. I expect 50 to 60 lakhs from that sale. I need a suitable single premium pension plan from which I will get a monthly pension immediately after payment of the single premium. I need that pension so that I can use that monthly income for the welfare of my differently abled children. After my demise, I need that pension to continue for my children till their lifetime. Please suggest the best single premium policy from LIC. It will useful for all parents and caregivers of differently abled children. Jai Hind
