Significant Features of an Assured Savings Plan

An assured savings plan is a type of life insurance policy that allows you to build wealth and secure your family’s financial future. It also helps you and your family to meet your short-term and long-term financial goals. With an assured savings plan, you can save for your future purposes in an organised and disciplined manner.

Since an assured savings plan is primarily an insurance product, you enjoy several benefits like death benefits, tax savings, assured returns, guaranteed loyalty additions, and many more. With so many benefits, you must purchase a savings plan at an early age.

If you are a first-time insurance buyer or just starting your savings journey, you may be sceptical about buying an assured savings plan. However, knowing the features of these plans will help you make an informed decision. So, in this post, we discuss the significant features of the assured savings plan.

Assured saving Plan Features

Significant Features of an Assured Savings Plan

Affordable premium

The premium for an assured savings plan is much more affordable than other life insurance policies. This is because the savings plan does not invest in money market instruments, and there is minimal risk. Thus, no matter if you have just started earning or are nearing retirement, you can easily purchase this policy, as the premium will not burn a deep hole in your pocket.

When you purchase a savings plan, make sure that you compare the premiums of different plans and choose the one that is affordable and suits your budget.

Flexibility to add riders

Another significant feature of an assured savings plan is that the insurers give you the flexibility to customise the policy as per your specific requirement by adding riders or add-ons. Riders are additional coverage options that you can buy by paying an additional premium to cover specific risks that are not covered under the standard policy.

Some of the best savings plans, like Kotak assured savings plan, allow you to purchase riders like accidental death benefit rider, permanent disability benefit rider, guardian benefit rider, critical illness benefit rider, etc.

Tax benefits

As mentioned earlier, a savings plan is primarily an insurance policy. So, like other forms of insurance, the premium you pay for this policy is eligible for tax benefit. You can get a deduction of up to Rs. 1.5 lakhs under Section 80C of the Indian Income Tax Act. Thus, apart from securing your family, an assured savings plan allows you to reduce your annual tax liability.

In the event of your demise during the policy period, the amount your family may receive is entirely exempt from tax.

Guaranteed additions

Perhaps the most important feature of an assured saving plan is that it gives you guaranteed returns through assured annual additions and loyalty additions. All these amounts add up to the maturity payout, payable at maturity or your demise, whichever occurs earlier.

Limited premium payment

Some assured savings plan allows you to choose the premium payment term as per your needs. This means your premium payment term can be shorter than the actual policy tenure.

For example, let us assume that you purchase an assured savings plan with a tenure of 20 years. You can either pay the premium for the entire period, or you can pay the premium only for ten years or less and enjoy the coverage and other policy benefits for the entire term, i.e., 20 years.

This is an excellent feature for people who do not want to carry the burden of regular premium payments for a long time.

Final Word

Now that you know the excellent features of an assured savings plan, make sure you invest in one and be confident of meeting your financial goals.

Corporate Finance – What Is It, Example & Its Type

Corporate finance is a field of finance that deals with the financial transactions and relationships between companies and their investors. It includes everything from issuing and selling securities to mergers and acquisitions. Corporate finance professionals help companies manage their finances, ensuring they can meet their financial obligations and stay afloat during turbulent times. They also protect shareholders’ interests by making sure companies are financially sound.

Corporate finance is a highly complex field that requires a thorough understanding of financial theory and practical business experience. The best corporate finance professionals can combine these skills to provide clients with the best possible service. They also have strong analytical skills, allowing them to understand complex financial data quickly.

Corporate Finance

Corporate Finance – What Is It, Example & Its Type

Decisions related to investments:

When making corporate financing decisions, there are several factors to consider. One of the most important is the company’s financial condition. This includes things like its debt burden, its cash flow, and its ability to pay back its debt. Another critical factor is the company’s ability to generate future income. This includes things like its marketability, its profitability, and its growth potential.

Finally, the company’s credit score is essential – especially if it’s looking to borrow money. These factors play a role in determining the company’s eligibility for corporate financing.

Some examples related to corporate financing can be deciding which new projects you should pursue and which tasks need scrapping. Also important is to find out which type of accounts you can utilize better for your business. Opening a current account is an excellent choice for such companies.

Financing decisions:

Corporate financing decisions help us determine a business’s financial needs. Suppose you have selected a project that needs to be pursued. Now lay the vital question, where will the money come from? Will you depend on cash at hand, will you be issuing debt, or will you rely on equity? If you choose a debt option, then you will have to pay back a fixed sum to the lender regardless of the success or failure of the project. If you choose equities, then a certain percentage will have to be given to the investor.

Types Of Corporate Finance

Below are some types of corporate finance

Equity Financing:

Equity financing is a type of financing that allows businesses to raise money by issuing shares to investors. This financing is often used in startups and small companies that need additional capital to grow and expand.

Equity financing can be used to finance various projects, including the acquisition of new businesses, the expansion of an existing business, the development of new products or services, and the purchase of property or other assets. Equity financing can be risky, but it can also be an enriching experience for both the business and the investors.

Angel Investing:

Angel investing is a venture capital investment strategy that uses private investors to finance startup companies. Typically, angel investors are experienced business people willing to invest small amounts of money in early-stage companies. This helps startups gain the financial stability and resources they need to grow and eventually become successful.

Angel investing is a great way to invest in a company before it becomes publicly traded. It can offer the potential for significant returns. If you’re patient and invest in the right company, then you could make a lot of money. If you’re interested in investing in startup companies, then angel investing is the perfect strategy for you.


An IPO is a type of public offering – companies raise money by selling shares to the public. IPOs are often the biggest and most important event in a company’s history. It can be an inspiring time for shareholders as they get to invest in a new company at an early stage. For the company itself, an IPO can be a very positive experience – it can help to raise awareness and boost the stock price. IPOs are an excellent way for companies to raise money, and they’re worth considering if you’re interested in investing in a new company.

LIC New Tech Term Plan – LIC Term Plan Review 

LIC has launched LIC New Tech Term Plan (Table 954). The earlier launched tech term plan by LIC is now closed. LIC’s New Tech-Term is a Non-Linked, Non-participating, Individual, Pure Risk Premium Life Insurance Plan.

LIC New Tech Term plan is an online-only plan you can purchase from LIC’s website. You must be keen to know the difference between the old tech term plan and LIC’s New Tech Term Plan. So, here is a complete post about key features, eligibility, benefits, and a review of LIC’s New Tech Term Plan.

LIC Tech Term Plan

Key Features of LIC New Tech Term Plan

  • LIC New Tech Tem is a pure Online Term Life Insurance Plan.
  • The minimum Sum assured for this plan is 50 Lakh with no upper limit on Sum assured.
  • Flexibility to choose from two benefit options: Level Sum Assured and Increasing Sum Assured.
  • Flexibility to choose from Single Premium, Regular Premium, and Limited Premium Payment 
  • Choose the Policy Term/Premium Paying Term 
  • Opt for payment of benefits in installments. 
  • Special rates for women. 
  • The benefit of an attractive High Sum Assured Rebate. 
  • Two categories of premium rates namely (1) Non-Smoker rates and (2) Smoker rates.  
  • Option to enhance coverage by opting for Accident Benefit Rider on payment of additional premium for the rider benefit.

Benefits payable under an in-force policy shall be as under

#1 Death Benefit

The death benefit payable on the death of the life assured during the policy term after the date of commencement of risk but before the date of maturity provided the policy is in force and the claim is admissible shall be “Sum Assured on Death”.

For Regular premium and Limited premium payment policies, “Sum Assured on Death” is defined as the highest of:

  • 7 times of Annualised Premium; or
  • 105% of “Total Premiums Paid” up to the date of death; or
  • Absolute amount assured to be paid on death. For a Single premium policy, “Sum Assured on Death” is defined as the higher of:
  • 125% of Single Premium.
  • Absolute amount assured to be paid on death.


i. “Annualized Premium” shall be the premium payable in a year chosen by the policyholder, excluding the taxes, rider premiums, underwriting extra premiums, and loadings for modal premiums, if any, and

ii. “Total Premiums Paid” means the total of all the premiums received, excluding any extra premium, any rider premium, and taxes.

iii. Absolute amount assured to be paid on death shall depend on the Death Benefit Option chosen at the time of taking this policy and is as under:

Option I: Level Sum Assured

The absolute amount assured to be paid on death shall be an amount equal to Basic Sum Assured, which shall remain the same throughout the policy term.

Option II: Increasing Sum Assured

The absolute amount assured to be paid on death shall remain equal to the Basic Sum Assured till the completion of the fifth policy year. Thereafter, it increases by 10% of the Basic Sum Assured each year from the sixth policy year till the fifteenth policy year till it becomes twice the Basic Sum Assured. This increase will continue under an in-force policy till the end of the policy term; or till the Date of Death; or till the fifteenth policy year, whichever is earlier. From the sixteenth policy year and onwards, the Absolute amount assured to be paid on death remains constant i.e. twice the Basic Sum Assured till the policy term ends. For example, the Absolute amount assured to be paid on death under a policy with a Basic Sum Assured of Rs. X will be Rs. X till the end of the fifth policy year, Rs. 1.1X during the sixth policy year, 1.2X during the seventh policy year, increasing so on by 10% of the Basic Sum Assured each year till it becomes 2X in the fifteenth policy year. From the sixteenth policy year and onwards, the Absolute amount assured to be paid on death will be 2X.

The Death Benefit Option once chosen cannot be changed later.

#2 Maturity Benefit: 

On survival of the life assured to the end of the policy term, no maturity benefit is payable.


a) Minimum Age at entry: 18 years (Last Birthday)

b) Maximum Age at entry: 65 years (Last Birthday)

c) Maximum Age at Maturity: 80 years (Last Birthday)

d) Minimum Basic Sum Assured: Rs. 50,00,000/-

e) Maximum Basic Sum Assured: No Limit*

The Basic Sum Assured shall be in multiples of Rs. 5,00,000/-, if the Basic Sum Assured for the policy is Rs. 50,00,000/- to Rs. 75,00,000/-. Rs. 25,00,000/-, if the Basic Sum Assured for the policy is above Rs. 75,00,000/-.

f) Policy Term: 10 to 40 years

g) Premium Paying Term

Regular Premium – Same as policy term

Limited Premium –

  • [Policy Term minus 5] years for Policy Term [10 to 40] years
  • [Policy Term minus 10] years for Policy Term [15 to 40] years

Single Premium – NA

LIC New Tech Term Plan – LIC Term Plan Review 

LIC New Tech Term Plan is a pure term plan where the minimum sum assured value is 50 Lakh. It is a very good product by LIC. As it is an online term plan it can be purchased with a click of a button without intervention from LIC Agent.

This new policy is a direct copy of the LIC Tech Term Plan (Table 854). The only change is in the premium amount.

Examples of premium change in Level Sum assured for 1 Cr Plan – Nonsmoker Male are given below.

Age Policy Term Regular Annual Premium (Old Policy) Regular Annual Premium (LIC New Tech Term Plan)
20 20 INR 5368 INR 7047
30 20 INR 7216 INR 9135
40 20 INR 13770 INR 17889

This means that compared to the last plan (old tech term policy) premium of the new plan is increased. The increase is nearly 25%. This means for the new plan you need to pay a 25% extra premium amount (yearly regular plan).

LIC New Tech Term Plan Premium

LIC New Tech Term Plan Premium Detail Level Sum Assured

LIC New Tech Term Plan Premium Detail Increasing Sum Assured

This premium is at par with other available term plans like ICICI Pru Term Plan. This plan provides coverage for up to 80 years. The accidental rider option and discounted rate premium for non-smokers and women are additional advantages.

You have the flexibility to select the sum assured and type of plan. You can select level sum assured as well as increasing sum assured. The increasing sum assured is a unique feature of this policy. The risk level is increasing with age & one should increase the sum assured with age. This concept is perfectly covered in this plan. One can avoid purchasing multiple insurance policies if he/she opts for an increasing the sum assured.

If you have not purchased any term plan you can go for LIC New Tech Term Plan.

For more information, you can visit LIC Website – LIC New Tech Term Plan.

60 Seconds Binary Options Strategy

People often wonder if they can make money from short-term trading without working for a big investment house or trading firm. And the answer is yes. Even though there are a lot of risks, many people trade as a hobby or to make extra money every day. If you know what you’re doing and take steps to lower your risk, a 60 seconds binary options strategy is a great way to make money quickly.

binary options strategy

60 Seconds Binary Options Strategy


A binary options strategy is a list of things you should think about before making a trade. Some of these things are studying the market, looking at charts, reading the news, using indicators and signals, and so on.

Risk management and emotional control are the foundations of every strategy. These are extremely important for every binary options trader because this is a very risky market and many traders let their emotions get in the way when placing trades.


A 60-second binary trading strategy is good for both beginners and more experienced traders but it’s just one of seven basic trading strategies that could be employed on the forex market. Even if you don’t know much, you can get fast results and make money as a beginner. Professionals tend to make more money right away because they already know a lot and can use their experience to maximize their profits.


The short trading window’s main benefit is that you can win quickly. You can make money almost any time the price goes up or down. The shorter window also has more risk, so the returns are higher compared to, say, the day window. You can also have more than one trade going on at the same time. Not to mention, 60-second binary options are pretty easy to understand as they only have two possible outcomes: win or lose.


Trading 60-second binary options need a careful, proactive approach. Having a solid plan in place not only makes it easier to make decisions but also makes the whole thing less stressful. Importantly, there is no one-size-fits-all strategy for trading 60-second binary options, but we have put together some of our best tips below.

Risk Management

Risk management is the core of any good strategy, and 60-second binary options trading is no different. The 1% rule is a place to start for many traders. This rule says that you shouldn’t risk more than 1% of your total portfolio on a single trade. It is used to keep losses to a minimum and make sure that traders can deal with small problems and keep trading.


Setting up your chart should be pretty simple. The best place to start is with candlestick charts. Set them to a time frame of 1 minute. You can also use 1-hour charts, but we suggest working your way down to shorter charts, which will give you the most accurate information to work with. You want a price that is low over 50 candlesticks, if possible. Make sure you mark the beginning and end of the 50-candlestick period.

Support & Resistance

Since prices tend to move toward one line or the other, support and resistance levels can help you make better predictions. They can be used to figure out where the price is likely to go next. They are a good place to start for traders of all levels, but especially those who are new to trading binary options.

Technical Indicators

As you learn more, you might want to use moving averages to help you make predictions. There are a lot of technical indicators out there that can help you predict what the price will do. As a general rule, we recommend setting up moving averages and support and resistance levels. These can make it easier to tell if the price is going up or down.


Trading binary options can make money, just like any other type of trading. But that doesn’t mean it will always make money. There is also a chance that you will lose your initial investment if things don’t go as planned. Because of this, you shouldn’t take big risks just because you think you will win a lot of money if you do. Remember that trading binary options is a lot like gambling at a casino. You should look at it as a way to make extra money, not as a way to make a living.


Trading in 60-second binary options is a high-stakes game with a lot of adrenaline. You’ll need to be disciplined, stick to your plan, and know your limits if you want to do well. But while the risks are big, so are the chances of success.

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