Author: Z+ Insurance

Jeevan Labh – premium and benefit Calculator is a powerful online calculator to provide a complete idea on premium, maturity and insurance coverage benefits, in a simple and user-friendly manner. Riders such as Critical Illness Benefit Rider (CIR), and Accident and Disability Benefit (DAB) has been incorporated into this calculator.

The unique feature of the Jeevan Umang 945 is that it offers a life long, guaranteed, pension and increasing insurance coverage to the policyholder and that too without any tax liability on pension amount.

In the current economic scenario, where bank interest rates are getting reduced day by day and nobody is willing to offer any guaranteed interest rates for long periods. On the other hand, LIC has taken a bold step by offering guaranteed annual survival benefits at the rate of 8% of Sum Assured, after the premium paying term, till 100 years of age.

Income Tax (2020-21) – Online calculator to help you in choosing the best option suitable for you. As per the amendments proposed on Income Tax 2020, in the latest budget of Nirmala Sitharaman, you are given two options to choose from as far as income tax rate calculation is concerned. 

1. Reduced tax rates (but you will have to forego most of the rebates and exemptions you were already enjoying.)
2. Higher tax rates – with rebates and exemptions.