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Which is better LIC or post office?
In terms of premiums, LIC has a higher rate of a premium compared to PLI. Many PLI plans offer a bonus which is quite high. Many LIC plans also offer bonus. However, the bonus rate is low compared to PLI plans.
How do I increase Tsgli amount?
ELIGIBLE AGE FOR ENHANCEMENT OF TSGLI PREMIUM: State Government Employees who are above 20 below 53 years of age are eligible to enhance the Premiums from the pay of June- 2015 duly forwarding the requisite proposal forms and obtaining the requisite policies from the Insurance Department.
Is LIC really beneficial?
Is LIC a Good Investment? Insurance is best taken care of by buying a term insurance which is a pure risk cover. Thumb rules suggest that you require an insurance cover which is at least 10 times your annual income and term insurance is the only way to get such a cover. Hence LIC policies are a bad investment.
How PLI is better than LIC?
Premium Rate-When compares to LIC or any private insurers, PLI offers cheap premium. So this is the most advantage of buying endowment plans with PLI than with LIC. Bonus Rate-Bonus offered by PLI is in the range of 7\% or more. Whereas currently, LIC offers a bonus rate of around 4\% to 5\%.
Who is eligible for Tsgli?
The Government employees who are between 19 and 56 years of age are eligible for taking TSGLI Policies. The TSGLI Department issues only Endowment Policies which mature one day before attaining(58) years of age. TSGLI policies do not lapse.
What is the full form of Tsgli?
Telangana State Government Life Insurance Department.
Is LIC a safe investment?
Is LIC Plan a good investment? Yes, LIC offers best life insurance plans. If you are looking for investment and protection option under one product, you can consider Endowment or Unit Linked Investment Plan (ULIP) as per your risk appetite and financial objectives.
What does TSGLI mean?
Servicemembers’ Group Life Insurance Traumatic Injury Protection (TSGLI) provides automatic traumatic injury coverage to all Servicemembers covered under the SGLI program. It provides short-term financial assistance to severely injured Servicemembers and Veterans to assist them in their recovery from traumatic injuries.
What is Telangana state government life insurance (TSGLI)?
Due to ReOrganization of Telangana state and formation of “Telangana State Government Life Insurance “. w.e.f. 02-06-2014. TSGLI Scheme is a Social Security Measure for the welfare of the Government employees and it is mandatory for all Government employees including provincialised Local Body employees.
Are you eligible for TSGLI?
You may be eligible for TSGLI if you were insured by SGLI when you experienced a traumatic injury, and you meet all of the requirements listed below. All of these must be true.
What are the benefits of TSGLI loan?
The premium paid towards TSGLI is exempted from income tax under section 80C. The bonus rates for TSGLI is attractive. The present rate of TSGLI bonus is Rs 100/- for every Rs 1000/- Sum Assured per annum. The Loans are sanctioned up to 90\% of Surrender Value.