This article is applicable for FY 2014-2015 and is updated as per the Budget announcements on July 10, 2014. It explains the inclusions of this Section in detail, however if you want to know the tax benefits of 80C, 80D and 80CCC specifically with respect to Life Insurance and Pensions, you could also read the article 80C, 80D & 80CCC – Save Tax with Life Insurance, Health Insurance and Pension plans. Tax Benefits under Section 80C Section 80C was introduced by the Finance … [Read more...] about Tax Benefits under Section 80C, 80CCC and 80D: FY 2014-2015
This article is applicable for FY 2014-2015 and is updated as per the Budget announcements on July 10, 2014. Over the years, especially in the recent past, we’ve seen increasing attention (and also action) in the area of personal finance and the tax benefits that they provide. We have seen our Finance Ministers and doing a fine balancing act between the personal aspirations of its people and the demands of the Central balance sheet. We have seen our Financial Regulators constantly … [Read more...] about 80C, 80D, 80CCC, 10(10d) – Save Tax with Life Insurance, Health Insurance, Pension Plans
This image shows a Truth-o-meter. A simple but powerful device. With it, you can get a Guarantee - that if you are completely honest with your term life insurance plan application, a 100% confirmation that the life insurance claim will be paid to the your nominee in the case of your death. But there is one condition - all the while during the term life insurance application process, your truth-o-meter needs to show green, i.e. you will be going with the Truth and nothing else, when buying … [Read more...] about Term Life Insurance – Read This Before you Apply for it
So you are ready to buy Term Plans but are now confused which one to buy? Don't worry - this is a good confusion to have. That is because it is better than many who just go and buy the wrong type of term plans simply because his/her friend also bought the same. Remember one thing - you and your closest friend may be very similar in your age, your lifestyle and even your thinking but it is very likely that your insurance needs are very different. So find out which is the term … [Read more...] about Term Plans – How to Choose the Right Type
Attention : Home Loaners! Read this article in case you don't have Home Loan Insurance, i.e. a life insurance that works to cover your home loan liability just in case you were to die. Imagine this situation - if you were to die, not only will your family stop getting the income you contribute but the home loan you have taken will put them back financially by lakhs of rupees in debt! There have been quite a few cases like this and in each one the family has had to go through a lot … [Read more...] about Home Loan Insurance – Why should you have it?
Good that you have decided to buy an online term insurance plan finally - it's a great decision. But don't make the mistake many buyers are making these days - i.e. just choosing the cheapest term insurance plan. Read how you should ideally go about doing this. Don't start thinking about a company, its product and some advertisement that you may have seen. For a moment keep all that aside and start thinking about your family and their needs. Start with listing down … [Read more...] about Online Term Insurance Plan in India – Compare and Buy