Life Insurance Corporation of India (LIC of India) is about to launch its much awaited Infra bonds. LIC is allowed to issue infra bonds worth 25% of its last years investment. LIC is expected to generate Rs.5000 crores from the infrastructure bonds. Earlier LIC has given hint that they will be launching infra bonds by end of 2010 but it seems they wont be able to launch it until January 2011. According to sources LIC is waiting on IRDA for clarification of guidelines since LIC is a Life Insurance company and not infrastructure company.
LIC’s infra bonds will give tax benefits to investors up to Rs 20,000 under section 80CCF. This limit is over and above Rs 1 lakh limit under different sections of Income Tax Act. This tax benefit is available with any infrastructure bond from any other company as well.
Generally, any LIC policy is backed by government but infra bonds may or may not be backed by government since the amount is huge. This will be clear when the IRDA gives the green signal to LIC and LIC announce the infra bonds.
Hopefully, LIC will launch the bonds as a new year gift to all investors who want to save and invest as the same time.
would like to know exactly when lic will issue infrastructure bonds
No official announcement yet.
would we like to know exactly when lic will issue infrastructure bonds.
Very good information thanks.
Hello,
When is the LIC’s Infrastructure bonds be available to public for investment; any idea?
Thanks.
Are these bonds will be available before March 2011. If so please publish the rate of interest per year.
Interest Rate is 7.85%-7.95% after tax. I hope it will be launched soon.
Hi Pinky,
What are the proposed interest rates, plans and term period then? Any idea?
I mean, LIC must have decided/planned all these things and so waiting for IRDA to approve.
Could u please share the info so that if we find LIC infrastrure bonds better than other infrastructure bonds then probably we can wait for sometime.
Thanks,
Manisha
Interest Rate is 7.85%-7.95% after tax. Term 10 yrs with 5 years locking period.
SEND ME DETAILS
I would like to get the update regarding Infrastructure Bond.
Kindly inform me about launching & closing dates of LIC Infrastructure Bonds 2011
Sir/Madam,
Please let me about LIC infrastrure bonds
please let me know interest rate structure and expected date of issue of bonds proposed to be issued by LIC.
Please let me know as to when LIC will launch Infrastructure Bonds for the year 2011?
Pl. intimate me as soon as LIC launches its “NEW INFRASTRUCTURE BONDS” ?
When new LIC Infrastructure bonds are opening ?
when LIC infrastructure bonds are opening
Kindly inform me about launching & closing dates of LIC Infrastructure Bonds 2011
M Ayub
NOBODY KNOWS ISSUE PERIOD? WHEN IT WILL START? EVERYBODY IS WAITING EAGERLY BEING APPROACHING FOR LAST DATE OF SUBMISSION OF IT PROOFS
Please update when are the issuing the Bond.
WHEN WILL LIC ISSUE INFRASTRUCTURE BONDS. PLEASE INFORM ME
Has they got sanction from IRDA for the issue of infrastructure bonds If Yes, has the issue open, and cosed
LIC will not be able to launch Infrastructure bonds until May 2011. Have a look at official statement from LIC Chairman : http://www.indianexpress.com/news/Briefly-Business/746364
please give me details of lic infra bond. with open & closes date
L & T infra bonds available for tax deduction u/s 80ccf .
For details and subscription in Pune kindly contact on 9762847432
I want to know that when the infra Bonds will be avilable
Dear Sir
I am intrested to perchesh new latest infrastructure bond, so pl whne issue new infrastructure bond i request to you inform to me,
what is the process to purchase the infrastructure bonds and when they are issued