Plan Scan

Attractive features of fixed deposits

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The report is interesting. My sincere thanks.

I am a sr.citizen,aged 71 and hence the insurers will not favour me much. So I have one LIC whole life policies for Rs.50000 where (plan No.2) the benefits are payable on death only with defferred bonus declared every year. Assigned in favour of my two children by50-50,in two separate policies. I am in USA with my children. Here medical insurance is given upto 80 years of age.

I have a caretaker for my residence and one NSC agent to take care of my bank accounts.I have on-line bank account to monitor.I have taken one GIC Janatha accident Insurance policy and pay Rs.60.00 for one lac of life-cover in case of death due to accident for each of them.As they are employed I contribute 2000 rupees every month in a PPF account, as a jesture for rendering me the services.I have taken a similar GIC--Janatha Accident policy for my news paper boy and servant maid. This is my Deepavali gift insted of Inams.
Please note that the premium is Rs.60 per annum for one lac of death cover. That is Rs.5.00 per month for One lac insurance cover. This policy is available with GIC offices only.

Coming to Bank deposits, Cop.Bank is giving rebate in Locker Rent for deposits of Rs.5 Lacs and above.
That is all for the time being. Wish you all the best.
v.krishnamoorthy

Attractive features of fixed deposits

Posted by : Leave it.

The report is interesting. My sincere thanks.

I am a sr.citizen,aged 71 and hence the insurers will not favour me much. So I have one LIC whole life policies for Rs.50000 where (plan No.2) the benefits are payable on death only with defferred bonus declared every year. Assigned in favour of my two children by50-50,in two separate policies. I am in USA with my children. Here medical insurance is given upto 80 years of age.

I have a caretaker for my residence and one NSC agent to take care of my bank accounts.I have on-line bank account to monitor.I have taken one GIC Janatha accident Insurance policy and pay Rs.60.00 for one lac of life-cover in case of death due to accident for each of them.As they are employed I contribute 2000 rupees every month in a PPF account, as a jesture for rendering me the services.I have taken a similar GIC--Janatha Accident policy for my news paper boy and servant maid. This is my Deepavali gift insted of Inams.
Please note that the premium is Rs.60 per annum for one lac of death cover. That is Rs.5.00 per month for One lac insurance cover. This policy is available with GIC offices only.

Coming to Bank deposits, Cop.Bank is giving rebate in Locker Rent for deposits of Rs.5 Lacs and above.
That is all for the time being. Wish you all the best.
v.krishnamoorthy