The plan offers guaranteed addition at the rate of Rs 50 per 1,000 basic sum assured (or 5 per cent) at the end of each policy year.
You can save up to Rs 24,000 in taxes if you avail of food coupons, a non-taxable salary component. All you need is knowing your salary structure better and accordingly plan your taxes
Losing capital is something that keeps us away from getting returns. Invest in equities, but don't look at it every day
The option to reduce waiting period existed earlier also in some health plans, but what has changed now is the affordability factor and relaxed underwriting norms.
Most industry experts expect a further fall in the gold price. With yields rising and technical levels under fire, the fall in gold prices may continue, they say. Some even expect the prices to fall to Rs 43,000 levels
The best performing ELSS or tax saving mutual funds scheme has given a whopping return of 60% and the worst performer in the category has given 11.5% returns in the same time period
With your investment horizon of five to 10 years and suboptimal returns generated by current fixed income products, which fail to beat inflation, I would recommend you to invest in the equity markets.
By the time you are 60, you will be able to accumulate around Rs 1.5 crore which is equivalent to Rs 50 lakh today, if you continue to invest Rs 7,000 only
If you have no plans to make tax-saving investments, you may opt for the new tax regime. From FY21 onwards, taxpayers have two options
The regulator has reasoned that the step will not only bring down the cost but also help speed up claim settlement process