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Mar
24
Kalyani Narayanan, CEO and Principal Officer says
Since it is TAX time for all of us, I am sure you are also thinking of tax shelters. |
I have spent some time looking for the best 'single payment' insurance plan that one could invest in and claim tax deduction under Sec 80C. |
I have put together this comparison chart that you can find by CLICKING HERE. |
If you are also looking for such tax shelter, you may find this useful. |
Single Invest Plans are ideal for those who: |
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Please keep in mind the following as you look at this enclosed document. |
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THINK ABOUT THE FOLLOWING SCENARIO: |
Let us assume that you are 35 years old. Every year, you invest in one single premium policy of Rs. 1,00,000 that is locked for 10 years. Say, you keep investing every year till you are 44 years. Then, from your 45th year onwards, you would be getting 100% TAX FREE money every year till you are 54 years because the money you paid when you were 35 years would come back to you when you are 45, what you paid at 36 would come to you at 46, and so on. By reinvesting this again and again (twice) till you are ready to retire (say 65 years) you get handsome TAX FREE return of Rs. TEN lakhs every year till you are 75. |
I worked this out. For investing Rs. 1 lakh per year for 10 years (35 – 44 years of age), and reinvesting it twice(45-54 and again from 55-64, you will get about Rs. 10 lakhs per year (during 65 – 75 of age) for 10 years – ALL TAX FREE !! |
Remember PENSION FUND IS TAXABLE! |
But THIS IS TAX FREE. |
Interested? Write me back. I would love to serve you and get your business. |
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