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Build a Financial Plan that Protects and Grows Your Wealth

Disclaimer - This article is issued in the general public interest and meant for general information purposes only. The views expressed in this blog are solely those of the writer and do not necessarily reflect the official policy or position of Canara HSBC Life Insurance Company Limited or any affiliated entity. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the blog or the information, products, services, or related graphics contained in the blog for any purpose. Any reliance you place on such information is therefore strictly at your own risk. You should consult with a qualified professional regarding your specific circumstances before taking any action based on the content provided herein.

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Second paragraph125 words

Build a Financial Plan that Protects and Grows Your Wealth

Disclaimer - This article is issued in the general public interest and meant for general information purposes only. The views expressed in this blog are solely those of the writer and do not necessarily reflect the official policy or position of Canara HSBC Life Insurance Company Limited or any affiliated entity. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the blog or the information, products, services, or related graphics contained in the blog for any purpose. Any reliance you place on such information is therefore strictly at your own risk. You should consult with a qualified professional regarding your specific circumstances before taking any action based on the content provided herein.

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Save, Dream, Plan. Live Peacefully

5 Plan options Option to choose PPT Get Tax benefits

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Save, Dream, Plan. Live Peacefully

5 Plan options Option to choose PPT Get Tax benefits

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Popular Searches

What is Goal Based Investing? What is Inflation? Personal Finance What is Recurring Deposit Financial Instrument

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Popular Searches

What is Goal Based Investing? What is Inflation? Personal Finance What is Recurring Deposit Financial Instrument

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Fixed Returns, Zero Risks & Worries

4 Plan options Life cover + Guaranteed benefits Accidental death benefit Premium protection cover

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Fixed Returns, Zero Risks & Worries

4 Plan options Life cover + Guaranteed benefits Accidental death benefit Premium protection cover

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Popular Searches

Investment Calculator Retirement Financial Planning Money Saving Tips Best Investment Options ULIP Investment Plans What is Investment? Value of 1 Cr After 20 Years What Is IRR?

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Popular Searches

Investment Calculator Retirement Financial Planning Money Saving Tips Best Investment Options ULIP Investment Plans What is Investment? Value of 1 Cr After 20 Years What Is IRR?

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Financial Planning - Top Selling Plans

We bring you a collection of popular Canara HSBC life insurance plans. Forget the dusty brochures and endless offline visits! Dive into the features of our top-selling online insurance plans and buy the one that meets your goals and requirements. You and your wallet will be thankful in the future as we brighten up your financial future with these plans.

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Financial Planning - Top Selling Plans

We bring you a collection of popular Canara HSBC life insurance plans. Forget the dusty brochures and endless offline visits! Dive into the features of our top-selling online insurance plans and buy the one that meets your goals and requirements. You and your wallet will be thankful in the future as we brighten up your financial future with these plans.

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Saving for Family’s Financial Goals

Wedding: Once you are employed and have worked for a few years, it is natural to think of marriage. Indian weddings are an expensive affair because you want to invite your entire clan.

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Investment Goals in the 20s

Wedding: Once you are employed and have worked for a few years, it is natural to think of marriage. Indian weddings are an expensive affair because you want all your friends, relatives and well-wishers to be part of this joy.

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3. National Pension Scheme (NPS):

Investments in NPS are exempt from taxes both at maturity and annuity (up to 40%) stages. Upon reaching 60, you can withdraw 60% of the corpus and receive a pension from the balance of 40%. Contributions to NPS are deductible, under sections 80C, section 80CCD (1b), from taxable income.

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6. National Pension Scheme (NPS):

NPS is a pension scheme that is exempt from taxes both at maturity and annuity (up to 40%) stages. You must try and invest at least 10% of your income into NPS to build a corpus for your retirement. On retirement, you can withdraw 60% of this corpus and opt to get a pension from the balance of 40%. Contributions to NPS are also deductible, under sections 80C section 80CCD(1b), from taxable income.

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2. Public Provident Fund (PPF):

PPF is a sovereign guaranteed investment and comes with tax benefits. PPF offers a 7.1% p.a. rate of interest (as per the July 1, 2022 circular). The amount deposited in PPF accounts is deductible, under Section 80C , from taxable income whereas all withdrawals are exempt from taxes. Partial withdrawals are allowed from the 7th year.

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5. Public Provident Fund (PPF):

PPF is a Central Government guaranteed investment cum tax saving instrument, offering a 7.1% rate of interest. The amount deposited in PPF accounts is deductible, under Section 80C, from taxable income whereas all withdrawals are exempt from taxes. Partial withdrawals are permitted only from the 7th year onwards.

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2. Medium Term (5-10 Years)

Mutual funds focus on specific industries or companies and you may invest depending on your risk appetite and targeted return. For guaranteed returns in the medium term, you may consider mutual funds that invest in government securities, corporate debentures and bonds.

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3. Equity Linked Savings Scheme (ELSS):

Mutual funds are focused on specific industries or stock indices. You can choose the fund depending on your risk appetite. ELSS is a mutual fund with a lock-in period of 3-years and is eligible for a deduction from taxable income under section 80C.

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1. Unit Linked Insurance Plans (ULIPs):

In ULIPs, you can put your money in diverse equity and debt funds. Early exposure to equity can generate wealth. When you are closer to retirement, move your money to debt instruments to preserve capital. The returns from ULIPs are exempt from tax under section 10(10D) . The following features make ULIPs a perfect retirement saving plan:

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4. Unit Linked Insurance Plans (ULIPs):

ULIPs are a step ahead of ELSS. Even the returns from ULIPs are exempt from tax under section 10(10D). ULIPs like Invest 4G from Canara HSBC Oriental Bank of Commerce Life Insurance can become your portfolio jam: