Insurance companies can offer variable annuity plans that guarantees a minimum annuity amount. Annuity products for both group and individuals will ha
Often added to one’s financial portfolio as a tax-saving tool or because it was recommended by someone, life insurance is a less understood financia
In a yearly ranking of tax-saving instruments, 10 tax-saving options were examined on as many as eight parameters - returns, safety, flexibility, liqu
ULPPs allow policyholders to secure his or her post-retirement life goals with ease.
ULIPs also ensure financial compensation to the policyholder's family in case of sudden death. In return, the insurer levies a mortality charge.
Depending on the funds chosen by investors, a portion of ULIP premium is invested in various equity funds, debt funds or a mix of both.
ULIPs offer dual benefits of wealth creation and life insurance protection with some amazing tax-benefits.
The minimum and maximum amounts that you can take out may vary with each policy and across insurance companies.
Both NPS and ULIP feature among the most popular tax-saving options.
Following a roadmap to assure you have an iron-clad strategy early in your life can help you achieve financial independence.