Thursday, October 13, 2016

Life Insurance Policy Bonus





1 A bonus is declared out of the valuation surplus of a life insurance fund, that is, the excess amount left in the fund after the insurer's requirements have been met.

2 Only `participating' or `with profit' policy holders are eligible for the bonus declared.The bonus varies across plans.

3 A simple revisionary bonus is declared and added to the sum assured of the insured.

4 A compounded revisionary bonus is calculated as a percentage of the sum assured including any past bonuses declared.

5 Terminal bonus is paid once in the life of the policy, when the policy has been in force for a long time.

6 Interim bonus is paid to compensate for policies that were in force at the time the valuation was made but became claims before the bonus was declared and paid.









-----------------------------------------------
Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds

Top 10 Tax Saver Mutual Funds to invest in India for 2016

Best 10 ELSS Mutual Funds in India for 2016

1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. Religare Tax Plan

4. DSP BlackRock Tax Saver Fund

5. Franklin India TaxShield

6. ICICI Prudential Long Term Equity Fund

7. IDFC Tax Advantage (ELSS) Fund

8. Birla Sun Life Tax Relief 96

9. Reliance Tax Saver (ELSS) Fund

10. Birla Sun Life Tax Plan

Invest in Best Performing 2016 Tax Saver Mutual Funds Online

Invest Online

Download Application Forms

For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

-----------------------------------------------

Leave your comment with mail ID and we will answer them

OR

You can write to us at

PrajnaCapital [at] Gmail [dot] Com

OR

Leave a missed Call on 94 8300 8300

-----------------------------------------------

 

0 comments: