Bajaj Allianz Life Insurance has announced the launch of a unit-linked plan that offers a minimum guarantee of 170% at maturity. This Ulip with guaranteed returns will be available for customers from January 11. This is a single-premium life insurance policy, known as Shield Plus, and the term is fixed at 10 years and the minimum premium requirement is Rs 25,000. The returns, which work to around 5.45% on this product, could be compared to that of a bank or a post office deposit. But since the product has an equity exposure, there is a strong possibility of outperformance over the long term, say experts. The sum assured could be equal to 1.1 times or five times of the single premium paid, which takes care of the protection element of the Ulip. However, the insurer has capped the maximum sum assured at 1.1 times the single premium for individuals in the age group of 56-65 years. The product offers a choice of six funds but only Shield Plus Fund offers minimum guaranteed unit price at maturity.
IDFC - Long term infrastructure bonds What are infrastructure bonds? In 2010, the government introduced a new section 80CCF under the Income Tax Act, 1961 (" Income Tax Act ") to provide for income tax deductions for subscription to long-term infrastructure bonds and pursuant to that the Central Board of Direct Taxes passed Notification No. 48/2010/F.No.149/84/2010-SO(TPL) dated July 9, 2010. These long term infrastructure bonds offer an additional window of tax deduction of investments up to Rs. 20,000 for the financial year 2010-11. This deduction is over and above the Rs 1 lakh deduction available under sections 80C, 80CCC and 80CCD read with section 80CCE of the Income Tax Act. Infrastructure bonds help in intermediating the retail investor's savings into infrastructure sector directly. Long term infrastructure Bonds by IDFC IDFC issued an earlier tranche of these long term infrastructure bonds on November 12, 2010. This is the second public issue of long-te...
