Net Yield 8.77%
SINGLE-PREMIUM insurance products are yet to hit the market. Very few plans are now on offer for investors. Bajaj Allianz Wealth Insurance is a singlepremium plan, which is a good investment among its peers due to its low-cost structure and high net yields. The plan is a type I insurance product having an exhaustive basket of funds for investment. However, based on past performance, the mid-cap fund is a lucrative investment considering that the fund generated a return of 193% in five years. The fund also offers loyalty additions on maturity. Being a singlepremium plan, the premium limit is a little on the higher side.
Top SIP Funds Online Income tax deduction under section 80CCD Under Income Tax, TaxPayers have the benefit of claiming several deductions. Out of the deduction avenues, Section 80CCD provides t axpayer deductions against investments made in specific sector s. Under Section 80CCD, an assessee is eligible to claim deductions against the contributions made to the National Pension Scheme or Atal Pension Yojana. Contributions made by an employer to National Pension Scheme are also eligible for deductions under the provisions of Section 80 CCD. In this article, we will take a look at the primary features of this section, the terms and conditions for claiming deductions, the eligibility to claim such deductions, and some of the commonly asked questions in this regard. There are two parts of Section 80CCD. Subsection 1 of this section refers to tax deductions for all assesses who are central government or state government employees, or self-employed or employed by any other employers. In...
