Investment

Querist : Anonymous (Querist) 30 December 2011 This query is : Resolved
A person wants to invest in LIC plan for 10 years but he wants to pay premium for 5 years from unshown income and for remaining 5 years through mode of cheque-whther it will be valid on maturity and no problem will arise -do reply

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Deepak Nair (Expert) 30 December 2011
Better to ask an LIC agent or a CA.

Shailesh Kr. Shah (Expert) 30 December 2011
Not Advisable.

prabhakar singh (Expert) 30 December 2011
There shall not be a problem with LIC but there shall be With BIG BOSS IT.

pkpworld.. (Expert) 30 December 2011
What do you mean by unshown income?

* Insurance Companies are business organizations. They only attracts customers by various plans. They only receive premium for policy. There is no difference to them what kind of money the person paid to them. There will be no problem created during the maturity of policy.

* You need not worry about shown or unshown money.

Advocate. Arunagiri (Expert) 30 December 2011
You have paid premium your entitled for maturity claim. The source is not at all a problem at this stage.

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