Sunday, March 23, 2014

Post Office Monthly Income Scheme (PO MIS)

Post Office Monthly Income Scheme 2000, Postal Monthly Income Scheme India, Post Office Income Tax. This scheme appeals to conservative investors with traditional values, and for good reason. This scheme offers Monthly Income and is a Safe, Guaranteed-by-the-government option. For retirees, widows and others looking for a steady income, it can be Ideal. Read on to learn more.
The Post Office Monthly Income Scheme, or PO MIS, is offered by Indian Post Offices. A lump sum amount is deposited with the post office and monthly interest earned each month is paid out to you.
As the scheme is offered by post offices, it is backed by the government. Thus, the PO MIS is one of the Safest Investments available Today.

                                         Interest : 
The Rate of Interest  offered on PO MIS is 8% per Annum (Year). Interest is paid out every month but direct credit to your bank account remains a problem as Post Offices are not that technologically advanced in India, as such one needs to go and collect the monthly income from the PO directly. However if you have a savings account in the same post office then interest can be credited directly to your account. 

A 5% bonus is paid on maturity of the fund, therefore, the effective yield works out 
to 9% per year.
The interest earned is fully Tax Free

Contact : 

Rajesh Kesri [ M Com ]
Member LIC DM Club Indore 
M 98270 82185
0731 2460416

Post Office Mis Interest Rate,
Post Office Monthly Income Plan,
Post Office Monthly Saving Scheme,

Member LIC Chairman Club Indore

Rajesh Kesri [ M Com ]
Member LIC DM Club Indore
M 98270 82185
0731 2460416

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Wednesday, August 10, 2011

Wednesday, 10 August 2011 Current Tax Benefits

* Death Benefit: Equal to Sum Assured of the policy
    * Current Tax Benefits: This insurance plan may entitle you certain tax benefits on your premiums as well as on the benefits received under this policy U/s 80 C of the Income Tax act 1961 on the annual premium of your policy.
  "key benefits"

    * Comprehensive cover at nominal costs
    * Lower rates for non smokers & healthier lives
    * Increase your cover to reduce your premium
    * Cover continues even if you stop paying premium
    * Riders to protect your family from Death, Disease and Disability


Sample Premium* rates for Rs. 50 Lac Sum Assured (Annual mode)
Age  Preferred Non Smoker  Non Smoker  Smoker
30  7,250  8,050  9,100
35  9,700  11,000  12,800
40  13,950  16,350  19,450
45  20,650  24,900  30,250

Dread Disease Rider  Personal Accident Benefit Rider
Entry Age  20 - 50 years
Expiry Age  60 years
Minimum Sum Assured  Rs. 100,000 (depending upon Term)
Maximum Sum Assured  Rs. 10,00,000

Customer can opt for either both of the riders or any one of them.
Entry Age  20 - 55 years
Expiry Age  60 years
Minimum Sum Assured  Rs. 100,000
Maximum Sum Assured  Base policy sum assured (subject to a limit of Rs. 40 lacs)