Business Protection Plan for Partnership Firms

Unlike Ltd Companies risks associated with partnership firms are unlimited as all partners are jointly and severally liable for all acts omissions and commission. What are the Critical risks associated with partnership firms? What happens when suddenly a key partner goes out of the scene by an act of God? Following situation may arise. 1)…

LIC’s Jeevan Sugam

Bank Fixed Deposit versus Jeevan Sugam For 30 year old person for 1o year term. Bank FD Jeevan Sugam Risk Cover o 3,37,590 Interest Rate 9.00% 8.76% Effective Investment 29022 29022 Tax Saved 80CCE 8968 10432 Net Invested 20054 18590 Maturity Amount 68706 67200 Tax on Interest 12262 0 Net in Hand 56444 67200 Effective…