You pay a much higher premium to get back a pittance at the end of the term
Then there are the return-of-premium term plans aimed at people who think that buying a pure protection policy is a waste of money. So, insurance companies have devised plans that will return to the policyholder the entire premium paid by him on maturity. For gullible buyers, this is a great way to insure themselves for free. After all, they get the entire sum back at the end of the term. For intelligent buyers, this is a big lemon that should be avoided.
Let's look at how it works. The premium of such plans is quite high compared to what a regular term plan costs. Basically, the policyholder is paying a high premium to get back a pittance. If he invests the difference, he can accumulate a far bigger corpus than what the insurance company promises to return at the end of the term.
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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