What are the services we offer ?
Insurance – Life and General Insurance
Direct selling agent – Intermediary between banks and customers in need of a bank loan
Transportation services
Earthmoving services
Construction and Interior Design.
Financial advisory, Tax planning services.
How to get a loan through Amrtaya associate ?
Customers in need of a loan can approach us and communicate their requirements. We assess the needs of the customer, collect the required documents, submit them to the bank and act as a helping hand in the processing of loan and disbursement. We have tie-ups with major banks and NBFCs.
What documents are required from customers for getting a loan?
There are various requirements for getting a loan and it depends on factors like customers earning capacity, type of loan, the lenders’ policies, Amount of loan required, etc., Above all, there are a few basic sets of documents required while approaching a lender. They are
a. KYC (ID Proof and Address proof).
b. Last six months bank statement.
c. Last Two years Income tax returns.
d. PAN and Aadhar.
e. Other specific documents as required by the lender.
f. Passport size photo.
What are the Terms of payment for the construction of the Building ?
Booking advance - 10%
UDS (Undivided Share) - 30%
First floor Roof - 15%
Second floor Roof - 15%
Brickwork stage - 10%
Plastering - 10%
Handing over - 10%
What is the tax benefit if I take an Insurance policy ?
- When the Policyholder takes a Life Insurance policy, Premium is paid every year. As per the Income Tax Act, the premium paid is allowed as a deduction up to a maximum limit of ₹ 1,50,000 per financial year. It is known as Chapter VI-A / Section 80C deductions.
- When the Policyholder takes a Medical Insurance policy, Premium is paid every year. As per the Income Tax Act, the premium paid is allowed as a deduction up to a maximum limit of ₹ 25,000 per financial year. ( The maximum limit is ₹ 50,000 in case of senior citizen). It is known as Section 80D deductions.
- It is important to note that tax benefit is available only for Life and medical insurance. It is not available for Property, motor insurance.
