Tax Saving Mutual Funds Online
Current open Infra Bond Application form
The unit-linked insurance plan is designed to meet the future needs of your child. The parent will be life assured and the child will be the beneficiary.
Features & Benefits
There are two options — A and B. Option A comes with the benefit of an education allowance. 10% of the sum assured will be paid on every anniversary of the policy until the policy matures in case of the death of the life assured (parent) during the term of the policy.
Child Development Allowance:
15% of
the fund value will be paid out at the beginning of each of the last five policy years. This will be considered as a partial withdrawal from the fund.
Premium Funding:
If something unfortunate happens to parents during the policy term, insurer will pay the future premiums to keep the policy in force.
Sum Assured:
The sum assured will depend on the age of the life assured at the time of entering the plan. It will be 25 times the annual premium if you are aged between 21 and 34, and 20 times the annual premium if your age is between 35 and 40 years at the time of buying the plan. The policy also comes with an additional accident death benefit equal to the basic sum assured but limited to . 1 crore. An amount of . 1 lakh will be paid as emergency allowance in case of the death of the life assured subject to the policy being in force and premiums for two consecutive years having been paid. In case a claim is settled subsequently, the sum assured will get reduced by the emergency allowance paid.
Secure Fund Transfer:
To reduce the risk of market volatility, the fund will be moved to the 'safe money fund systematically during the last four policy years.
Loyalty Addition:
1% of the average fund value of the preceding 36 months will be added to the fund value at the end of the 10th policy year and subsequently after every five years.
Choice Of Investment Fund:
You can choose from six investment funds and you can switch between them. 12 switches in a policy year are free. The policy also offer systematic transfer plan.
Minimum Premium & Policy Term
The minimum premium under the plan is . 26,000. There are two policy terms: 15 years and 20 years.
Charges
The premium allocation charge will be 8% in the first year and 5.5% from the second to the fifth policy year. There is no premium allocation charge from the sixth policy year. The administration charge will be . 90 per month, and will be increased by 5% every year. Fund management charges will range from 1% to 1.35% depending on the fund chosen. There are also mortality, accident death benefit and education allowance charges. This will push up the policy's cost.
The death benefit — minimum of 20 times the sum assured — will serve the purpose of insurance and protection.
Various charges under the plan make it an expensive policy.
---------------------------------------------
Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.
Invest Tax Saving Mutual Funds Online
Tax Saving Mutual Funds Online
These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)
Download Tax Saving Mutual Fund Application Forms from all AMCs
Download Tax Saving Mutual Fund Applications
These Application Forms can be used for buying regular mutual funds also
Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )
- HDFC TaxSaver
- ICICI Prudential Tax Plan
- DSP BlackRock Tax Saver Fund
- Birla Sun Life Tax Relief '96
- Reliance Tax Saver (ELSS) Fund
- IDFC Tax Advantage (ELSS) Fund
- SBI Magnum Tax Gain Scheme 1993
- Sundaram Tax Saver
---------------------------------------------
Application form for Tax Saving Infrastructure Bond and more information
Current open Infra Bond Application form
Submit filled up application Collection canter near you
