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Build Guaranteed Savings for Your Future Goals
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.
6. Kisan Vikas Patra (KVP)
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.
Savings and Investment Plans from Canara HSBC Life Insurance
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.
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.
Fixed Returns, Zero Risks & Worries
4 Plan Options Life cover + Guaranteed benefits Accidental death benefit Premium protection cover
Fixed Returns, Zero Risks & Worries
4 Plan options Life cover + Guaranteed benefits Accidental death benefit Premium protection cover
Popular Savings Plans
National Saving Certificate (NSC) : Similar to the personal provident fund, the national saving certificate (NSC) is a government-backed savings plan that offers guaranteed returns, along with tax savings up to Rs. 1,50,000 under section 80C of the Act. However, the interest earned on the national saving certificate is taxable. The interest rates do not change during its tenure once the investment is made. The minimum investment amount is Rs. 500, while there isn’t a cap on the maximum limit. At present, NSC offers an interest rate of 7.9 percent.
1. National Savings Certificate
This National Savings Certificate (NSC) is a relatively low-risk investment plan that yields fixed and higher returns. However, one important thing that an investor must keep in mind is that to avail the National Saving certificate; a person must be over 18 years of age.
Popular Savings Plans
Personal Provident Fund (PPF) : One of the most popular and risk-averse investment options in the country is the personal provident fund. One can open a PPF account either at a post office or a bank, and the money is invested for 15 years, which can then be extended further by 5 years. The minimum annual investment to open a PPF account is Rs. 500, while the maximum annual investment is Rs. 1,50,000. PPFs also have a lock-in period of 5 years, and can earn a compound interest at 7.10 percent per annum.
5. PPF (Public Provident Funds)
Public Provident Fund (PPF) is another government-supported money-saving scheme that is the most secure and popular investment option. A person investing in a Public Provident Fund will further receive a tax exemption on the payment made under Section 80C of the IT Act, 1961.