Applicable charges for Ulips
1 Premium allocation charge is deducted from the premium and covers the costs of marketing, distribution and initial management. It is usually high in the initial two years.
2 Mortality charge is the charge for covering life and depends upon the gender and age of the insured and is charged on a monthly basis and is charged by cancelling units.
3 Policy administration charge is a fixed amount charged periodically, usually every month, by cancelling units.
4 Fund management charge is the charge for managing the fund in which the policy holder has invested and is adjusted every day in the NAV of the fund.
5 Switching charge is for switching between funds after the permitted free switches are exhausted. It is recovered either by cancelling units or deducting from the pre-switching amount.
1.ICICI Prudential Tax Plan
2.Reliance Tax Saver (ELSS) Fund
3.HDFC TaxSaver
4.DSP BlackRock Tax Saver Fund
5.Religare Tax Plan
6.Franklin India TaxShield
7.Canara Robeco Equity Tax Saver
8.IDFC Tax Advantage (ELSS) Fund
9.Axis Tax Saver Fund
10.BNP Paribas Long Term Equity Fund
You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds
Invest in Tax Saver Mutual Funds Online -
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
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