Hi,
You can receive double the amount back in 5 years by Investing your money in Insurance company, in installments for 3 years and receive double the amount back in full, without any tax deduction after 5 years
For e.g. Invest Rs. 1 Lakh each yearly for 3 years in 3 or 6 installments (Total Amount Invested = Rs. 3 Lakhs) and receive back Rs. 6 Lakhs once you complete 5 years from your 1st Invested date
If you keep this amount for 10 years then you are eligible to receive Pension every month Approximately Rs. 25,000 for Life without any tax deduction
In detail, if you Invest Rs. 1,00,000 for 3 years means
Rs. 1,00,000 x 3 = Rs. 3,00,000 yearly installments
Or
Rs. 50,000 x 6 = Rs. 3,00,000 half yearly installments
and after 10 years receive back Rs.16,82,574 or Every month Pension of Approximately Rs. 25,000 for Life till the time you are not touching the capital amount and you can withdraw the capital amount in part or full anytime whenever it is necessary for you
In simple your Pension can be calculated as
"Your 3 years total investment divided by 12 is your pension per month"
In other words you will be receiving your full investment of 3 years every year after 10 years
Minimum Investment = Rs. 10,000
For more details visit www.bajajallianz.co.in
Hope the above is clear to you, if you have any clarifications please do not hesitate to contact me
Waiting to hear from you
Best regards
Raymond Saldanha
Insurance Consultant
BAJAJ Allianz Life Insurance Co. Ltd.
1st Floor, Thumbay Arcade
Falnir, Mangalore – 575 001
Mob: +91 9845376244
Tel: +91 824 4261003
Fax: +91 824 4261014
Email: rvms3159@yahoo.com
Website: www.bajajallianz.
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