V-R Investment Services

In the world of insurance, trust is paramount. Policyholders rely on insurance companies to fulfill their financial promises, especially during challenging times. For residents and non-residents alike, this trust is often placed in the hands of insurance giants like the Life Insurance Corporation of India (LIC). One of the critical factors that distinguish LIC from private insurers is Section 37 of the Life Insurance Corporation Act, 1956. This section serves as a robust safety net for policyholders, guaranteeing payouts even under challenging circumstances. Section 37 of the LIC Act 1956: Section 37 of the Life Insurance Corporation Act, 1956, is a provision that offers significant benefits to policyholders. It ensures that the sums assured by all policies issued by LIC, including any bonuses declared on those policies, are guaranteed as cash payments by the Central Government. This guarantee extends to policies issued by other insurers whose liabilities have vested in LIC under the A...

Life Insurance Corporation of India (LIC) has been a trusted name in the Indian insurance sector for decades, providing a wide range of insurance products tailored to meet the diverse needs of its customers. Among its offerings, the LIC Jeevan Lakshya Plan stands out as a unique and comprehensive policy designed to help in achieving the financial goal setted by the policy holder for different responsibilities of him . In this blog, we will explore the key features and benefits of the LIC Jeevan Lakshya Plan. For better understanding of entire plan benefit, i request readers to also go through the example given in the end. Assured Income Benefit : One of the standout features of the Jeevan Lakshya Plan is the guaranteed income benefit it offers . Under this plan, policyholders receive a regular income payout in the form of annual installments. This income continues for a fixed term, which can be chosen at the outset of the policy. This ensures that your family's financial needs are...

In the intricate landscape of financial instruments, where every rupee counts and every decision carries weight, the discerning investor seeks not only growth but also savvy tax planning. In this pursuit, insurance emerges as a radiant star, outshining bank fixed deposits, mutual funds, and National Savings Certificates (NSC) in terms of tax on maturity amounts. Allow us to unveil the compelling reasons that make insurance the undisputed champion in this realm, using the backdrop of a substantial 1 crore maturity amount in the Indian context. 1. The Tax-Exempt Glory of Life Insurance: Life insurance policies, particularly those that comply with Section 10(10D) of the Income Tax Act, 1961, sparkle with a unique advantage. The maturity amount, shining at a handsome 1 crore, enjoys a tranquil exemption from taxation. A serene haven for your wealth, insurance ensures that the entirety of your hard-earned maturity amount remains untouched by the taxman's grasp. The allure of a tax-free ...

Liquid funds are a type of mutual fund that primarily invests in short-term money market instruments such as treasury bills, commercial papers, certificates of deposit, and other highly liquid securities with short maturities. These funds are designed to provide investors with a safe and convenient avenue to park surplus funds for short periods while aiming for better returns compared to traditional savings accounts and fixed deposits. Benefits Over Bank Fixed Deposits (FDs) and Savings Deposits: Higher Returns: Liquid funds generally offer higher returns compared to savings accounts and fixed deposits. This is because they invest in a diversified portfolio of short-term instruments, which can yield a slightly higher interest rate. Liquidity: Liquid funds provide high liquidity, allowing investors to redeem their investments at any time (usually within 1-3 business days). In contrast, breaking a fixed deposit before its maturity may attract penalties and restrictions. Tax Efficiency:...