Hi all, how safe and good is taking LIC Umang policy ?

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Posting as :
works at
You are currently posting as works at

I took that one 2 yrs back

At that time ,it looks good but now interest rates got higher , we will get returns of around 6 %
But now bank giving around 7.5 for long term

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8% is the interest rate currently for this plan in LIc

Did u calculated ?
When I calculated it was around 6%
Could you pls give your yearly investment and returns and no of years

Yes. It's given in bond that interest rate is 8percent. 15 years is the term that I pay 1 lakh per year. From then onwards I start getting yearly returns. And duration is flexible. I can withdraw the policy whenever I can. If am doing it in my 100th year (age) then i receive 2 crores.

funny

Don't go for lic, it's long time and not much value. There are lot of other better options.

You can go for elss options, mutual fund.. Sip s which give high return. Elss too you can show in 80 C.

like

As a kid of LIC agent I don't suggest to take Umang. 😅
Considering your age it is not a good option. No one live 100 years to get full benefits.
It is a good option if you take it in your 1 year child's name. He/she will get return from his/her 30th age. It would be beneficial to them. But not you.

If you want risk free then go for PPF + Term insurance. This will yield much.
If you are ready to take risks then go for MF, Stocks etc.
But keep a term insurance of atleast 5x of your CTC.

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HR is asking me to expect something on top of the current offer I am holding.

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Hello Fishes,

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Is work from office mandatory in CGI?

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Hi Fishes,

I have offer from
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Happiest Mind

Which would be better

Same package for all organization

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Additional Posts in Tax savings

Base: 5 lakh
HRA: 2 lakh
Max how much I can exempt with HRA while filing ITR?
I live in my own house. I can pay to my parents in the name of rent.
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Hi fishes,

My CTC is around 12 lpa per annum. How can i avail max tax benefits?

like

Hi,

Kindly ping me if you need any help for filling up the ITR. I will help you to get maximum return.

Charges applicable.

Thank you

likefunny

Can I pay income tax challan using credit card?

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likefunny
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