Tax Saving Mutual Funds Online
Like other endowment plans in the market today, Aegon Religare Endowment provides cover to life and return of sum assured to the policyholder as survival benefit on maturity. The product has the added feature of providing double the amount of sum assured to the nominee in the event of the death of the policyholder during the policy term
Key Features
It offers an extended life cover of five years after maturity of the original policy term. If the policyholder chooses 25 years as policy and premium paying term, the actual life cover provided in this plan will be 30 years while the premium term will be 25 years. But, if the policyholder dies during the extended life cover period, the nominee shall receive only the basic sum assured and not double the sum assured as in the case of death during the original policy term.
Surrender Value
The policy can be surrendered after the first policy year in which case the policyholder shall receive 90% of the MSA and guaranteed monthly additions accrued till the date of surrender. MSA is determined as a percentage of single premium (SP), ranging from 92.98% to 61.24% of SP for males and 92.93% to 69.83% of SP for females depending upon the entry age and policy term.
Return Analysis
Assuming the age of the policyholder to be 30 years and the policy and premium paying term of 25 years each, the death and maturity benefits that will accrue under Aegon Religare Endowment Plan are illustrated herewith…
Notwithstanding the fact that two key features of Aegon Religare Endowment Plan — the double death cover and extended life cover of five years — are impressive, one has to keep in mind that being an endowment plan, the scheme has high premium charges, especially in comparison to a pure term plan. The premium charged by Religare Term Plan for double the amount of death cover and taking into consideration the extended life cover (as provided by the endowment plan) are illustrated herewith…
Investors may thus choose to buy a pure term plan at bare minimum costs to ensure cover to life and invest in other avenues to earn suitable returns from their investment.
Note:
We have considered the Religare Level Term Plan for a policy term of 30 years to compare with the extended life cover provided for by the endowment plan. The premium paying term (PPT) in Religare Term Plan is 30 years. Investors can choose among 5, 7, 10 and 25 years as the PPT under Religare Endowment Plan for policy terms of 15, 20 and 25 years.
---------------------------------------------
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 )
- HDFC TaxSaver
- ICICI Prudential Tax Plan
- DSP BlackRock Tax Saver Fund
- Birla Sun Life Tax Relief '96
- Reliance Tax Saver (ELSS) Fund
- IDFC Tax Advantage (ELSS) Fund
- SBI Magnum Tax Gain Scheme 1993
- Sundaram Tax Saver
---------------------------------------------
Happy Investing!!
We can help. Call 0 94 8300 8300 (India)
Leave your comment with mail ID and we will answer them
OR
You can write back to us at PrajnaCapital [at] Gmail [dot] Com
---------------------------------------------
Best Performing Mutual Funds
- Largecap Funds Invest Online
- DSP BlackRock Top 100 Fund
- ICICI Prudential Focused Blue Chip Fund
- Birla Sun Life Front Line Equity Fund
- Large and Midcap Funds Invest Online
- ICICI Prudential Dynamic Plan
- HDFC Top 200 Fund
- UTI Dividend Yield Fund
- Mid and SmallCap Funds Invest Online
- Reliance Equity Opportunities Fund
- DSP BlackRock Small & Midcap Fund
- Sundaram Select Midcap
- IDFC Premier Equity Fund
- Small and MicroCap Funds Invest Online
- DSP BlackRock MicroCap Fund
- Sector Funds Invest Online
- Reliance Banking Fund
- Reliance Banking Fund
- Tax Saver Mutual Funds Invest Online
- ICICI Prudential Tax Plan
- HDFC Taxsaver
- DSP BlackRock Tax Saver Fund
- Reliance Tax Saver (ELSS) Fund
- Gold Mutual Funds Invest Online
- Relaince Gold Savings Fund
- ICICI Prudential Regular Gold Savings Fund
- HDFC Gold Fund
No comments:
Post a Comment