September 16, 2019 6:59 am,
Insurance policies are one of the best Tax Saving options. All most all Insurance policies are exempted from Income Tax. In this article, we have considered a few simple Insurance policies to Save Income tax.
Hence, insurance policies provide Life cover, Investment options as well as Tax Benefits.
HDFCLife Sanchay Plus is a non-participating non-linked savings insurance plan. This plan offers assured benefits on the maturity of the policy term. It offers the dual benefits of both insurance and returns.
Plan provides tax benefits for a premium paid under Section 80C of Income Tax Act, 1961.
Key Features of HDFC Life Sanchay Plus:
Let us see what are the key features of HDFCLife Sanchay Plus plan:
Benefits of buying Term Insurance:
Features of HDFC Life Click2Protect 3D plus plan:
This plan provides:
It is a term insurance plan in India which provides adequate protection at a nominal cost. The insurance policy provides a wide range of cover options
It is a Non-Traditional Insurance Plan which offers market linked returns, with minimal charges and helps to achieve his or her retirement goals by planning well in advance.
However, if the insurer dies within the policy tenure, the higher of Fund Value or 105% Total Premiums paid, are accumulated as Death Benefit. The nominee has an option to take this amount as annuity from or to withdraw the proceeds. Upon the payment of this benefit, the Policy terminates and no further benefits are payable.
Some of the key fetures of this plan are:
It is unit-linked pension plan which offers guaranteed death benefit and a minimum maturity benefit. It provides both insurance and investment opportunity. It is relevant to those who want to build a retirement corpus while being insured during the policy term.
Some of the key features of this policy are:
Hence, Considering the factors above, it is always good to plan and invest early to reap huge profits. The policies discussed above provide life coverage, investment options along with tax benefits.
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