This category will have all articles on Insurance
Aegon Religare iTerm Plan – Cheapest Term Plan – Review Introduction Few days after launching the cheapest ULIP plan (Invest Maximizer) in the industry, Aegon Religare has done it again. This time the company claims to have launched the cheapest term insurance plan in the industry. The company says that its latest term insurance plan […]
Buying Insurance over Other Investments for Returns: Opportunity Cost or Opportunity Lost Introduction It’s March, the tax planning season is at its peak and Ajay (person earning 6 Lakhs pa working in an MNC) has started his yearly ritual of scouting for investments for saving income tax. Ajay tells his financial planner Pankaj that he […]
Introduction Having insurance is important. But having the right insurance policy and the right amount of insurance cover is even more important. Sample this case study….. Kumar family had a dream of making their 2 year old son Manish a pilot. This dream made a crash landing when his father (Prashant) died in a road […]
Introduction A popular advertisement in media which most of us must have seen says “There are some things that money can’t buy, but for everything else there is MasterCard.” Ask people in which category does human life belong and without a second thought they will agree that human life is priceless and no amount […]
It’s hard to miss the Aegon Religare Invest Maximiser Plan advertisement in media. The company claims that it is the cheapest ULIP plan available in the market. The company goes to the extent of saying that if someone is able to find a cheaper ULIP, the company will reward the customer Rs 1000. That is […]
Section 80C: There are various tax saving investment products available in which an individual or Hindu Undivided Family (HUF) can invest for returns and at the same time save tax. The government, in order to encourage savings among people, gives tax benefits for investments made in certain financial products. These financial products are covered in detail […]
Section 80D: Deduction for health insurance premium Section 80D of the Income Tax Act contains provisions for deductions that can be availed for health insurance premium. 1) Deduction for health insurance premium paid for self and family In a financial year, an individual can avail deduction, up to a maximum of Rs. 25,000, from […]
Investments made in life insurance in the form of paying premiums qualify for deduction under Section 80C of the Income Tax Act. • The premiums paid qualify for tax benefits if the premium paid is equal to or less than 20% of the sum assured (SA). For example if the premium paid is INR 20,000 […]