Best SIP Funds to Invest Online
Returns: 4.5-5%
It is no surprise that life insurance policies are at tenth place in our ranking of tax-saving options. Life insurance is the bulwark of a financial plan because it safeguards all the goals of the individual even if he is not around. But this purpose is best served by a pure protection term insurance plan rather than a costly traditional policy that gives back money at periodic intervals or provides a huge corpus on maturity
It is no surprise that life insurance policies are at tenth place in our ranking of tax-saving options. Life insurance is the bulwark of a financial plan because it safeguards all the goals of the individual even if he is not around. But this purpose is best served by a pure protection term insurance plan rather than a costly traditional policy that gives back money at periodic intervals or provides a huge corpus on maturity
Traditional policies yield barely 4-5% returns but investors are attracted to them because the agent quotes a very high maturity figure. Buyers don't realize that there is a time value of money. If an insurance policy will give Rs 40 lakh in 20 years, even 6% inflation would pare down its value to less than Rs 12 lakh.
Smart tip: A pure protection term insurance plan can provide a large cover at a very low cost.
SIPs are when Stock Market is high volatile. Invest in Best Mutual Fund SIPs and get good returns over a period of time. Know Top SIP Funds to Invest Save Tax Get Rich
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