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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 Searches
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
Popular Searches
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.
Popular Searches
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
Popular Searches
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
Save, Dream, Plan. Live Peacefully
Guaranteed Maturity Benefit Tax Benefits
Save, Dream, Plan. Live Peacefully
Guaranteed Maturity Benefit
Types of Long-Term Savings Plans
Unit Link Insurance Plans (ULIPs): In a ULIP savings plan, the individual gets the benefit of both investment and insurance. You have to pay a premium monthly or annually. A part of this premium is used to cover your costs of insurance, and the other part is used as an investment in the fund of your liking. You get the best of both worlds and a secure long-term plan. There are options for equity, hybrid, and debt funds. For example, the Titanium Plus Plan by Canara HSBC Life Insurance is a great example of a ULIP, with the flexibility of premium payment and a safety net of life insurance.
High Risk Savings and Investment Plan
Unit Linked Insurance Plan (ULIP): A combination of investment and insurance. A part of your premium goes to insurance, and the balance is invested in the market. With most ULIP s, you have the option to choose whether you want your investment to go to equity, debt, bonds, or hybrid funds. As a survival benefit, you get the maturity amount depending on your Net Asset Value ( NAV ). If the policyholder passes away, the nominee receives the sum assured. New ULIP plans give you more flexibility in terms of investment options and are also cheaper.
Types of Long-Term Savings Plans
National Pension Schemes (NPS): This scheme is a public scheme backed by the Government of India. Individuals between the ages of 18-60 can invest in this scheme. The age limit has been extended to a maximum age of 70 years. Through this scheme, you can invest in equities, debts, and other such instruments. The final pension you acquire is your return on the investment. In cases of emergencies, this scheme gives you the liberty of withdrawing a partial amount of funds.
Low Risk Savings and Investment Plan
National Pension Scheme: NPS is a government-sponsored pension scheme initially designed for government employees. It is now available for employees of other private and unorganised sectors. You invest small amounts at regular intervals in this savings and investment scheme. At retirement, you can withdraw a percentage (up to 80%) of your corpus . The remainder is paid to you as a monthly pension. The scheme allows you to invest in different funds like debt funds, government funds, equity, etc.
Types of Long-Term Savings Plans
Equity Linked Savings Scheme (ELSS): ELSS is one of the best mutual funds as it becomes eligible for tax exemption when the investments are under ₹1.5 lakh. It is the only scheme that gives you the incentive of tax exemption and guarantees you high returns in the future. The only drawback of ELSS is that it entails higher risks than other schemes. Every deposit in a particular account has to follow a strict lock-in period of 36 months, and thus, it is not possible for you to withdraw funds from the account under any circumstances. You will have to wait for the lock-in period to cease.
High Risk Savings and Investment Plan
Equity Linked Savings Scheme (ELSS): ELSS is a type of equity mutual fund that primarily invests in stocks and offers tax benefits under Section 80C of the Income Tax Act. These funds come with a mandatory lock-in period of three years, which is the shortest among tax-saving investment options. Since ELSS funds invest predominantly in equities, they carry higher risk but also have the potential to deliver higher returns over the long term.
Types of Long-Term Savings Plans
Public Provident Funds (PPF): If you are looking for a plan with constant interest at the lowest risk, this is the plan for you. PPF offers tax exemption, making it more attractive. The tenure for a PPF is 15 years and can be extended in blocks of five years. You can withdraw funds after five years from the beginning of the plan. It is a post office savings scheme. There is flexibility in this plan in terms of the investment amount. With a small investment, you can acquire great returns in a PPF.
Low Risk Savings and Investment Plan
Public Provident Fund (PPF): Another popular investment plan for investors with a low-risk appetite. The plan includes a lock-in of 15 years. Premature withdrawal is allowed only in case of emergencies. Interest is calculated every month, and it gets added to the PPF account at the end of the financial year. The minimum investment required is ₹500 annually, while the maximum you can invest in PPF is ₹1.5 lakh in a financial year. The principal amount, the maturity amount, and the interest earned are exempted from tax. You can be eligible to take a loan against your Public Provident Fund account.