How to meet your
life objectives while securing your family •
Cash
Back Insurance Plans are ideal and perfect to meet future needs
Mr. Napson Fernandes, Head, Pocket News Alert helps you in your finance planning
1. What is a cash back
plan?
Ans: It is a basic
life insurance plan in which a policyholder gets money back at regular
intervals; while securing his family from the good and bad times of life.
The
plan is,especially designed to help customers plan their future goals such as
buying a house, paying for child’s education, planning a family vacation etc.,
as they progress in life.
The
plan not only ensures payouts at regular intervals to meet specific needs but
also provides an assured maturity payout to secure the life.
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| Mr. Napson Fernandes, Head, Pocket News Alert |
2.
What are the significances of a cash back plan?
Ans:A
Cash Back Plan is designed to help customers -
Meet their money related goals through regular
guaranteed payouts
Boost investments through Guaranteed additions
Enjoy long term investment advantages after
paying for a limited period only
Protect your family against uncertainties with
a Life cover
Enjoy tax rebates on the premium paid and
benefits received
www.pocketnewsalert.com is very
concern about tax and the benefits that will help to the people
3.
What are the key features of these plans?
Ans:The
cash back plan offers an offer to pay for a limited period while enjoying
regular pay back through the plan term. In other words, you can pay
during your earning years but stay invested for longer (Payment Term: 5/ 7/ 10
years; Plan Term: 9/ 12/ 15 years
The plan also helps
customers plan for every joyous moment of their life through guaranteed payouts
at regular interval throughout the plan term. An additional loyalty bonus
is paid to the customer on maturity of the plan.
4.
How does the plan help to meet the changing needs of the client?
Ans:Small or big – we
all have goals in life; to go somewhere, to become somebody, to achieve
something. These goals depend on multiple factors like our age, family status
and aspirations at different stages of our life. Although these factors are
unique to the needs of each individual, there are some aspirations that we all
have.
Life
is not only about planning for the future but also about living in the 'here
and now'; meeting short and medium term milestones with equal aplomb as meeting
your long term goal of a comfortable and tension free future life. Be it your
first car, your home, your child's education or wedding.
We
require a regular inflow of cash to meet these short and medium term goals
ensuring our family's happiness.
A cash back plan
ensures you are always able to fund those special moments – both during as
well as after the maturity of the plan.
5.
Are there any tax benefits involved in the plan?
Ans:
One is eligible for tax deductions up to Rs. 1,50,000 on premiums paid under
most of Cash Back Plans as per Section 80(C) of the Income Tax Act, 1961.
One
gets full tax benefits on the maturity amount. One also gets tax benefits on
the withdrawal amounts. Death benefits are also tax-free.
6.
What kind of people should look forward for the plan?
Ans:This
plan is suitable for anyone who wants to prepare for future goals/ milestones
in life.
This is a simple, non-participating endowment plan, which helps
one plan for crucial life events on the back of guaranteed pay-outs at regular
intervals during the plan term as well as maturity pay-out with accumulated
guaranteed additions (added to the plan annually).
Pocket
News Alert publishes Press Releases from various verticals like Business news,
Technology news, Entertainment news Etc.
Pocket News Alert is updated daily
with the latest press releases and news articles.
For
more details contact 97684 57029
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