Life Insurance Plan No. 149 – Best Plan Covering risk of death throughout the life

General Policy Conditions:
Min age at entry 18 (completed)
Max age at entry 65
Min Premium Paying term 5 years
Max Premium Paying term 57 years
Min Sum Assured 1 lac
Max Sum Assured Any amount
Premium Payment mode Yearly/Half yearly/quarterly/monthly
Accidental benefits Already included in this plan, you don’t need to pay extra premium for [...]

Income Tax Slabs for Year 2008-2009

Income Tax Slab for Men (for resident men below 65 years age):
Upto Rs. 1,50,000 – NIL
From Rs. 1,50,000 to Rs. 3,00,000 – 10%
From Rs. 3,00,001 to Rs. 5,00,000 – 20%
Above Rs 5,00,001 – 30%
Income Tax for Women (for resident women below 65 years age):
Upto Rs. 1,80,000 – NIL
From Rs. 1,80,001 to Rs. 3,00,000 – [...]

Life Insurance Vs. Other Savings

Contract Of Insurance:
A contract of insurance is a contract of utmost good faith technically known as uberrima fides. The doctrine of disclosing all material facts is embodied in this important principle, which applies to all forms of insurance.
At the time of taking a policy, policyholder should ensure that all questions in the proposal form [...]

What is Life Insurance

Life insurance is a contract that pledges payment of an amount to the person assured (or his nominee) on the happening of the event insured against.
The contract is valid for payment of the insured amount during:

The date of maturity, or
Specified dates at periodic intervals, or
Unfortunate death, if it occurs earlier.

Among other things, the contract also [...]