7th Pay Commission Related Important News.
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7th Pay Commission Related Important News.
The above mentioned premium rate is for ` 1 crore of life cover for a 25 year old healthy male for a policy term of 15 years with regular income payout option. The annual premium amount for this assumption will be ` 6036 and monthly premium will be ` 504.` The above mentioned premium rate is for ` 50 lakhs of life cover and ` 10 lakhs of accelerated critical illness cover for a 25 year old healthy male for a policy term of 15 years with lumpsum payout option. The annual premium amount for this assumption will be ` 5846 and monthly premium will be ` 489.^The above mentioned premium rate is for ` 1 crore of life cover and ` 10 lakhs of accelerated critical illness cover for a 25 year old healthy male for a policy term of 15 years with regular income payout option. The annual premium amount for this assumption will be ` 7,576 and monthly premium will be ` 633.`The above mentioned premium rate is for ` 1 crore of life cover for a 30 year old healthy male for a policy term of 30 years with regular income payout option. The annual premium amount for this assumption will be ` 9179 and monthly premium will be ` 766. In case of death, the nominee will receive ` 83,333 pm for 10 years.Tax benefits can be availed subject to issuance of policy and other conditions as per prevailing tax laws. This feature is only available for Life Option.The critical illness benefit is an accelerated benefit and the death benefit will be reduced by the critical illness cover paid to the policyholder. To know more about the illnesses covered, please refer to the Sales brochure. Available under Life and Health and All in One options.Accidental Death Benefit is up to `2 Crores.Accidental death benefit is available for the Life plus and All in one option of the plan.Top Selling Term Plan refers to ICICI Prudential Life Insurance plans which are bought by customers through the website with our Zero-Paper-Process.Subject to realization of payment and document.As per IRDAI Annual Report 2015-16.Tax benefit of `54,075 is calculated at highest tax slab rate of 30.9% (including Cess) on insurance premium u/s 80C/80CCC of `1,50,000 and health premium u/s 80D of`25,000. Tax benefits under the policy are subject to conditions under Sec. 80C, 80D and Sec 10(10D) of the Income Tax Act, 1961. Applicable taxes will be charged extra as per applicable rates. Tax laws are subject to amendments from time to time.
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The above mentioned premium rate is for ` 1 crore of life cover for a 25 year old healthy male for a policy term of 15 years with regular income payout option. The annual premium amount for this assumption will be ` 6036 and monthly premium will be ` 504.` The above mentioned premium rate is for ` 50 lakhs of life cover and ` 10 lakhs of accelerated critical illness cover for a 25 year old healthy male for a policy term of 15 years with lumpsum payout option. The annual premium amount for this assumption will be ` 5846 and monthly premium will be ` 489.^The above mentioned premium rate is for ` 1 crore of life cover and ` 10 lakhs of accelerated critical illness cover for a 25 year old healthy male for a policy term of 15 years with regular income payout option. The annual premium amount for this assumption will be ` 7,576 and monthly premium will be ` 633.`The above mentioned premium rate is for ` 1 crore of life cover for a 30 year old healthy male for a policy term of 30 years with regular income payout option. The annual premium amount for this assumption will be ` 9179 and monthly premium will be ` 766. In case of death, the nominee will receive ` 83,333 pm for 10 years.Tax benefits can be availed subject to issuance of policy and other conditions as per prevailing tax laws. This feature is only available for Life Option.The critical illness benefit is an accelerated benefit and the death benefit will be reduced by the critical illness cover paid to the policyholder. To know more about the illnesses covered, please refer to the Sales brochure. Available under Life and Health and All in One options.Accidental Death Benefit is up to `2 Crores.Accidental death benefit is available for the Life plus and All in one option of the plan.Top Selling Term Plan refers to ICICI Prudential Life Insurance plans which are bought by customers through the website with our Zero-Paper-Process.Subject to realization of payment and document.As per IRDAI Annual Report 2015-16.Tax benefit of `54,075 is calculated at highest tax slab rate of 30.9% (including Cess) on insurance premium u/s 80C/80CCC of `1,50,000 and health premium u/s 80D of`25,000. Tax benefits under the policy are subject to conditions under Sec. 80C, 80D and Sec 10(10D) of the Income Tax Act, 1961. Applicable taxes will be charged extra as per applicable rates. Tax laws are subject to amendments from time to time.
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