Thursday 24 September 2015

NTPC Tax Free Bonds 2015- return upto 7.62% per annum



National Thermal Power Corporation (NTPC), the largest power generation company of the India is issuing its tax-free bonds which would fetch returns up to 7.62% per annum. There are three types of bonds on offer—10-year maturity with coupon of 7.36%, 15-year maturity with 7.53% interest and 20-year maturity with 7.62% interest. The issue will start on 23rd September and would remain open for 7 days till 30th September. Tax-free bonds offer a long-term investment option along with regular tax-free annual income.


Features of NTPC Tax Free Bonds

  1. Issue starts from September 23rd and would end on 30th, 2015 but can be pre-closed on full subscription.
  2. NTPC Tax-Free Bonds are rated AAA by CRISIL, ICRA and CARE.
  3. Annual Coupon Rates for Retail Investors are 7.36% for 10 Years, 7.53% for 15 Years and 7.62% for 20 Years.

Thursday 17 September 2015

Details about Term Life Insurance Policy



Term life insurance is life insurance that provides protection at a fixed rate of payments for a specific period of time, the relevant term and pays benefit only if you die during that period of time. If the life insured dies during the term, the death benefit will be paid to the beneficiary. 

One of the biggest advantages of term insurance is its lower premium as compared to endowment insurance because term insurance does not acquire any cash value and at the end of term, policy will not have any value. In term insurance you are paying for death benefit, if you die during the term then benefit will be paid to the beneficiary.

Term insurance is a good option for young people with high level of protection of life with low premium. In this way they can ensure family’s financial independence in the event of your unfortunate demise or critical illness. One thing must remember while taking term insurance that term insurance should be taken as early as possible and have long period of time or term.  So that you have to pay lower premium. If you take short period of time or term and after end of that term, you choose to take term insurance again then you have to pay more premium as compared to previous for similar amount of coverage. 

Read LIC Term Insurance plan Anmol Jeevan II

Wednesday 16 September 2015

LIC Term Plan - Anmol Jeevan II

LIC’s Anmol Jeevan - II is a protection plan which provides financial protection to the insured’s family in case of his/her unfortunate demise.

Eligibility Conditions:-
Minimum Sum Assured          :   Rs. 6,00,000
Maximum Sum Assured         :   Rs. 24,00,000
(The Sum Assured shall be in multiples of Rs. 1, 00,000/-)
Minimum age at entry             :  18 years (completed)
Maximum age at entry            :  55 years (nearest birthday)
Maximum cover ceasing age             :  65 years (nearest birthday)
Minimum policy term              :  5 years
Maximum policy term            :  25 years