LIC New Plan: Life Insurance Corporation (LIC) has launched 4 new insurance plans. These plans will be available both offline and online from August 5, 2024.
LIC New Plan: The government has removed indexation, but the methods of exemption on capital gains in the Income Tax Act remain the same. There has been no change in them. Any Indian person can save his tax by following the tax rules. One of the three methods is Section-54, second is Section-54EC, and third is Section 54F. Let us now tell you how you will benefit?
Life Insurance Corporation (LIC) has launched 4 new insurance plans. These plans will be available both offline and online from August 5, 2024. The plans will be available in the name of LIC Yuva Term, LIC Digi Term, LIC Yuva Credit Life and LIC Digi Credit Life. LIC CEO and MD Siddharth Mohanty launched these plans. LIC’s Yuva Term Plan is available offline, while LIC’s Digi Term is available online only through LIC’s website.
Plans will meet the needs of the youth
The aim of these products is to meet the needs of the youth who want to take term insurance in the initial stage of life. Also, the option to buy them offline or online is to be provided. LIC has also launched a project to cover loan liabilities through term insurance. LIC Yuva Credit Life is available in offline mode through its intermediaries. LIC’s Digi Credit Life is available online only.
What will be the benefit
Today people are using the available loan facilities for many of their needs, so LIC has launched a term insurance plan to cover loan liabilities like housing / education / vehicle etc., so that the family of the insured can be given protection in exchange for loan repayment.
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