Women chat sex in malaysia - Backdating auto insurance

But you also end up paying an extra premium * Back-dating reduces the policy term, but advances the premium payment.The next premium becomes due faster Is back-dating useful? A life insurance policy is not the best way to save tax and there are better, more flexible and lucrative options to do so.Even so, millions of taxpayers buy life insurance primarily to save tax.

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If a taxpayer needs to exhaust his Section 80C limit through a life insurance policy this year, but wants to pay the premium on a monthly or quarterly basis from next year onwards, he will find backdating useful.

He can pay the premiums for this year at one go, and from next year, he can pay them whenever they are due.

There are also sentimental reasons for back-dating.

Wouldn't it be great if you could turn the clock back?

You could make a lot of money by investing in the right stocks.

While you can't go back in time when it comes to stock investments, you can buy certain life insurance policies with a back date.

Back-dating of a life insurance policy is a perfectly legal and standard practice in the insurance industry.

So, the new plans launched by insurance companies in the past 1-2 months can be bought with any date in the financial year starting 1 April 2013.

5 facts on back-dating * Back-dating is possible only in endowment and money-back policies.

Market-linked plans cannot be back-dated * Insurance companies charge an interest on backdating policies.

LIC charges 10% per annum on a pro-rata basis * Usually, no interest is charged if the policy is backdated by less than a month or before 30 September * Back-dating lowers the premium if the issue date is before your birthday.

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