Aviva I-Life Secure

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As said before, Aviva India's innovation is to disburse the sum assured at regular intervals upon the death of the life assured. That's, 10% as lump sum amount immediately after the demise and 6% per annum over the next 15 years. For instance, if the sum assured is . 1 crore, the nominee will get . 10 lakh upon the policyholder's death. For the next 15 years, the insurer will disburse . 6 lakh every year. Since the amount is in the nature of death benefit, the beneficiaries don't have to pay any taxes. "There are two primary objectives when one thinks of buying a term plan —

(a) to pay off debts in case of death and

(b) to have a large enough corpus for the family to generate a regular income.

While pure term plans address both the needs, the basic condition is that your family is able to manage the money received and generate a regular income out of the same," says Rishi Piparaiya, director, marketing and bancassurance at Aviva India. According to him, the new product will facilitate regular flow of income for the family, "without any risk of a lump sum being spent or taken away by someone". Another key difference is the premium. The new product is cheaper than the regular online term plan. A 30-year-old woman buying a . 1-crore cover for 20 years will have to pay an annual premium of . 6,812 (plus taxes) under the insurer's regular online term plan. In case of the new i-life Secure plan, she will have to pay only . 4,972.

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Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

Invest Tax Saving Mutual Funds Online

Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

Download Tax Saving Mutual Fund Application Forms from all AMCs

Download Tax Saving Mutual Fund Applications

These Application Forms can be used for buying regular mutual funds also

Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )

1. ICICI Prudential Tax Plan Invest Online
2. HDFC TaxSaver Invest Online
3. DSP BlackRock Tax Saver Fund Invest Online
4. Reliance Tax Saver (ELSS) Fund Invest Online
5. Birla Sun Life Tax Relief '96 Invest Online
6. IDFC Tax Advantage (ELSS) Fund Invest Online
7. SBI Magnum Tax Gain Scheme 1993 Invest Online
8. Sundaram Tax Saver Invest Online
9. Edelweiss ELSS Invest Online

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4. Reliance Tax Saver (ELSS) Fund
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2. ICICI Prudential Regular Gold Savings Fund
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