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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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4 Plan Options Life cover + Guaranteed benefits Accidental death benefit Premium protection cover
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Save, Dream, Plan. Live Peacefully
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National Savings Certificate Tax Saving Plans Senior Citizen Savings Scheme Calculator NPS and PPF Savings & Investment Plans Saving Schemes Save Money For Salaried Professionals One time Investment Plan for Child
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National Savings Certificate Tax Saving Plans Senior Citizen Savings Scheme Calculator NPS and PPF Savings & Investment Plans Saving Schemes Save Money For Salaried Professionals One time Investment Plan for Child
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Investment Options for an NRI All About PPF Sum Assured Policy Surrender Value Guaranteed Savings Plan
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Investment Options for an NRI All About PPF Sum Assured Policy Surrender Value Guaranteed Savings Plan
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.
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.
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Senior Citizen Saving Scheme Post Office Savings Scheme What is Sum Assured? Money Saving Tips Saving Plans for Child Endowment Policy iSelect Guaranteed Future Plus Plan
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Senior Citizen Saving Scheme Post Office Savings Scheme What is Sum Assured? Money Saving Tips Saving Plans for Child Endowment Policy iSelect Guaranteed Future Plus Plan
10 Best Saving Plans and Schemes for a Secure Future
Pradhan Mantri Jan Dhan Yojana: A scheme that is more concerned with providing access to various financial services including remittance, credit, insurance, pension, banking savings & deposit accounts under affordable rates. Under this scheme, both urban and well as rural areas are covered. No minimum balance is required to open an account under this yojana.
Here are 10 Saving Schemes and Plans where you can Invest for a Secure Future:
Pradhan Mantri Jan Dhan Yojana : Pradhan Mantri Jan Dhan Yojana is a tailor-made savings policy for residents below the poverty line. The account proprietors can utilize the policy for reinvestments. The PMJDY Scheme is effective for poor people as they do not have to sustain a minimum balance in their accounts. They will receive extra accidental insurance cover of Rs.1 lakh and a life cover of Rs 30000 that is payable on the legate's death. The government has made this plan user-friendly with the mobile banking provision. In addition to the other advantages, account owners are also eligible for interest on their deposits. The account owners will also be competent for an overdraft facility of up to Rs.5,000 pertinent to one account per household.
10 Best Saving Plans and Schemes for a Secure Future
Post Office Monthly Income Scheme: It is a low-risk monthly income scheme where a small amount is invested, and interest is paid monthly. It also generates a steady income while the money invested is completely safe until it matures since the Government sponsors the scheme. You can either withdraw the amount or invest again in the scheme after the maturity period is reached.
Here are 10 Saving Schemes and Plans where you can Invest for a Secure Future:
Post Office Monthly Income Scheme : Post Office Monthly Income Scheme is analogous to a regular savings bank account. Individual account owners can capitalize from a minimum of Rs.1,500 up to Rs.4.5 lakh in the scheme. The account proprietor will be eligible to get a fixed monthly dividend in interest delivered to the savings account with the same post office. The current interest rate is 6.6%. The scheme is available only for residents in Indian territory. In case of joint account owners, two or three individuals can invest jointly up to an utmost Rs.9 lakh in the scheme. The dividend and interest obtained are not eligible for any tax deduction or exemption. Learn more about Post Office Monthly Income Scheme
10 Best Saving Plans and Schemes for a Secure Future
Sukanya Samriddhi Yojana: A saving scheme introduced by the Indian Ministry of Finance, specially designed to secure the girl child's future. One can open an SSY account at any authorised bank or post office in India. It is highly flexible since the account can be transferred from one post office or bank to another within India. Read more about Sukanya Samriddhi Yojana .
Here are 10 Saving Schemes and Plans where you can Invest for a Secure Future:
Sukanya Samriddhi Yojana (SSY): The SSY scheme is a government-backed scheme that can be opened by the guardians of a girl child aged below ten years. Parents need to contribute for 15 years. A person gets a tax deduction of up to Rs.1.5 lakh per year under Section 80C. An utmost of two such accounts can be opened per household, one for each girl child. People can capitalize a minimum of Rs.250 and maximum of Rs.1.5 lakh per annum. The rate of interest is 7.6% p.a. The term of the account is 21 years from the date of opening or until the girl child gets wedded after 18 years. The scheme permits a partial withdrawal of up to 50% of the balance after attaining 18 years to meet higher education expenses.
10 Best Saving Plans and Schemes for a Secure Future
National Savings Certificate (NSC): It is a fixed-income savings plan that can be opened with any post office in India. National Saving Certificate is an initiative of India's government to encourage investors mainly from small or mid-income categories to invest their money while saving on income tax. It is a low-risk investment and gives fixed returns. The minimum age requirement for a money investor is 18 years. For minors, a joint account can be opened with an adult. One main advantage is that there is no limit on the maximum number of NSCs that one can purchase. An investment up to Rs. 1,50,000 annually in this plan can earn a tax break, as per Section 80C of the Income Tax Act. The investor can even nominate a family member for the savings plan, even if the family member is minor. The NSC savings plan is free to open by anyone except Hindu Undivided Families (HUFs), trusts, and non-resident Indians.
Here are 10 Saving Schemes and Plans where you can Invest for a Secure Future:
National Savings Certificate (NSC) : National Savings Certificate, another government-backed saving scheme, furnishes guaranteed returns along with tax-saving investments. You can capitalize on an NSC at the neighbouring post office. The lock-in period for the scheme is five years. The government evaluates the interest ratio of the scheme once every quarter and verifies it. However, the interest rate will not alter during the term after you acquire the certificate. Tax deductions can be claimed on the investment up to Rs.1.5 lakh under Section 80C. Nowadays, the interest rate of 6.8% p.a. is applicable. The interest will be yearly compounded and compensated only on maturity. Upon maturity, the interest accrued is taxable and must be added to the cumulative annual income. The revenue reinvested and compounded is competent for tax deduction under Section 80C. Learn more about National Saving Certificate
10 Best Saving Plans and Schemes for a Secure Future
Atal Pension Yojana: A money-saving scheme initiated by the Government, specially designed for the welfare of the weaker section of society. This yojana or scheme provides people with a monthly income when they are no longer able to earn a living. The subscriber is eligible to receive the tax benefit for the contribution, up to a specified ceiling, and also for the investment returns on such contributions. A subscriber is eligible for only one individual account.
Here are 10 Saving Schemes and Plans where you can Invest for a Secure Future:
Atal Pension Yojana (APY) : The APY scheme primarily targets the weaker category of the society, particularly those from the unorganized areas and encompasses low premium. People within the age group of 18-40 years are capable of applying for the policy. Unlike other schemes, a target of monthly pension is received to figure out the monthly payment you have to make. The contribution also banks on the age at which you are commencing the contribution. The monthly minimum pension you get is Rs.1,000, and the utmost is Rs.5,000, upon acquiring the age of 60. You will be qualified for a government contribution if you do not have any other statutory saving plans and are not an income taxpayer.