Tax Saving Plans

LIC Jeevan Anand is the best Tax Saving Plan in India.

You can save 30% tax (if in the Tax Slab based on your income) every year on the Premium paid towards your policy. Also the Maturity Benefit at the end of policy term is also Tax Free. The second maturity the nominee receives is also Tax Free.

LIC Jeevan Labh

Jeevan Labh is a Limited Premium payment Plan where you get a premium holiday for 6 to 9 years. Also a short term plan with minimum premium payment for only 10 years. When you choose a 16 years term, get returns of up to 3 times the premium paid all along with Insurance cover and Tax Saving.

LIC Money back plan – women’s choice money back plan

You can save 30% tax (if in the Tax Slab based on your income) every year on the Premium paid towards your policy. Also the Maturity Benefit at the end of policy term is also Tax Free.

Ex for Tax Saved: Age 25, Policy term 25 yrs, PPT 16 yrs, Premium 1,00,000
30% of 1,00,000 = 30,000 * 16 = 4,80,000

30% Tax Saved on Maturity 55,00,000 = 16,50,000
Total Tax Saved 21,30,000 (Twenty One Lakhs Thirty Thousand) !!!!

LIC Bima Shree

You can save 30% tax (if in the Tax Slab based on your income) every year on the Premium paid towards your policy. Also the Money back amounts and the Maturity Benefit at the end of policy term is also Tax Free.

LIC Endowment plan

Endowment plan offers Tax Free returns at maturity. Save tax on the premium paid and the lumpsum returns. Short term option available with term starting at 12 years only.

You can save 30% tax (if in the Tax Slab based on your income) every year on the Premium paid towards your policy. Also the Maturity Benefit at the end of policy term is also Tax Free.