Tag: tax saving

Recap of Tax saving options

An individual can save tax under 80C up to Rs 1 lakh. When “tax savings” is considered for most of the people it means life insurance, PPF, NSC, and equity-linked savings scheme, that qualify for tax deduction under Section 80…

How much tax do infra bonds really save?

The IDFC Infrastructure Bonds issue joins five other issues this financial year. A similar issue by Rural Electrification Corporation is already open. By investing in these products, taxpayers can claim a deduction of up to Rs 20,000 under Section 80CCF. This is above the Rs 1 lakh invested under Section 80C. While you save tax, your real returns may not be as high or precise as those being projected by some brokers. So before you rush to invest in the issue, here are a few points to ponder.

New Wealth Plus Plan

Wealth Plus from LIC is a Single Premium Insurance policy unit linked plan having a term of 8 years and with a Payment term of 3 years or Single premium.
Wealth Plus guarantees to pay you the highest NAV reached in the first 7 years of its term or the 8 th year NAV which ever is higher.

MetLife India Insurance

MetLife India Insurance Company Limited is a joint venture between MetLife International Holdings, Inc., The Jammu and Kashmir Bank, M. Pallonji and Co. Private Limited and other private investors.

LIC’s Jeevan Saral (ATM Plan)

LIC of India’s Jeevan Saral is a unique life insurance plan having good features of the conventional plans and the flexibility of unit linked plans. Jeevan Saral offers Higher Cover, smooth returns, good liquidity and a lot of flexibility.