Why do you need to compare Tax Saving Plans online?
It is always better to compare insurance plans online so that you have a clear idea of the options available to you. Since there are many plans and several terms and conditions, it is best to go through the plans and make a decision.
How to choose a Tax Saving Plan?
Tax saving instruments are assessed on eight key parameters— returns, safety, flexibility, liquidity, costs, transparency, ease of investment and taxability of income
What is a tax saving life insurance plan?
There is a small share of money that will be extracted in the form of tax. There are tax saving life insurance policies available. One of the best tax saving life insurance is the single premium life insurance. This gives a tax exemption once the maturity of your insurance is reached. This period of time is usually 10 years.
About tax saving life insurance term plan policy
You get several online tax savings life insurance plans. These help you to acknowledge about the plan and the kinds of tax exemptions you will receive under that cover. Compare tax saving life insurance plansavailablein the insurance companies certified by IRDA.
In the life insurance for tax savings, you will receive tax saving options under Section 80 (C) of the Income Tax Act. You can get tax benefits when your income is within 1 lakh. The cover amount your family gets after your demise will not include tax too. So the tax saving life insurance policy gives a secured financial support with deducted taxes.