A savings or an endowment plan enables you to develop a discipline of saving your hard-earned money while delivering steady returns over a long period of time to help you achieve your goals.
A savings or an endowment plan enables you to develop a discipline of saving your hard-earned money while delivering steady returns over a long period of time to help you achieve your goals.
As savings plans build a potentially significant corpus, it brings certainty to your savings and peace of mind to you.
Get tax deductions for the premiums invested and exemptions for the maturity benefit, subject to the prevailing tax laws.
Get an option of availing a loan against your policy to meet any unforeseen expenses.
You can also opt to receive death and maturity benefits in instalments to ensure judicious use of funds.
A savings plan encourages disciplined savings, and helps you meet your life goals.
Get steady returns that are risk-free, provided you pay all premiums on time.
The plan gives you a life cover as well as invests your money in a conservative portfolio of bonds and other fixed-income securities.
Yes, there are some savings plans that do offer regular income options. The regular income, however, depends on the variant selected by you.
Anyone who is below the age of 60 years can start investing in a savings plan.
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