ICICI Pru Elite Life II is an insurance cum investment plan. You may read more about the plan, here: Go for a Term Cover instead of a ULIP.
To know your fund value, you have to call the customer care number. We do not recommend such policies because they offer very little cover and they also have higher expenses. If you are looking to save taxes, you can consider buying a term plan and investing in Equity Linked Savings Scheme (ELSS) or tax planning mutual funds. A term plan will provide you an adequate coverage at nominal rates. And an ELSS will help you to create wealth over along period. While ULIPs have a lock-in period of five years, ELSSs have a lock-in period of only three years. However, you should invest in ELSS with at least five-year investment horizon.
Top 10 Tax Saving Mutual Funds to invest in India for 2016
Best 10 ELSS Mutual Funds in india for 2016
1. BNP Paribas Long Term Equity Fund
2. Axis Tax Saver Fund
3. Franklin India TaxShield
4. ICICI Prudential Long Term Equity Fund
5. IDFC Tax Advantage (ELSS) Fund
6. Birla Sun Life Tax Relief 96
7. DSP BlackRock Tax Saver Fund
8. Reliance Tax Saver (ELSS) Fund
9. Religare Tax Plan
10. Birla Sun Life Tax Plan
Invest in Best Performing 2016 Tax Saver Mutual Funds Online
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
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