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Thursday, April 28, 2016

Surrender Lifetime Pension II

 Lifetime Pension Plan II is a Unit Linked Pension Plan (ULPP)
 

Lifetime Pension Plan II is a Unit Linked Pension Plan (ULPP). It allows you to invest money regularly to build a retirement fund and buy an annuity with it when you want to retire. If you want the money now and you are not keen on buying an annuity with the corpus on maturity, you can consider surrendering the policy. Since you have completed 10 years, there will be no surrender charges. The surrender value will be the same as the fund value at the time of surrender. However, the surrender value would be taxed as per the income tax slab applicable to you.

We do not recommend insurance plans with investment element in them. Such plans are costly, they have many charges, they do not offer adequate life insurance cover and they are also not ideal investment products. That is why we believe that individuals should keep their insurance and investment needs separate. They should buy a pure term plan to get an adequate life insurance cover and invest in equity mutual fund schemes to achieve their long-term financial goals.

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Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds

Top 10 Tax Saving Mutual Funds to invest in India for 2016

Best 10 ELSS Mutual Funds in india for 2016

1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. Franklin India TaxShield

4. ICICI Prudential Long Term Equity Fund

5. IDFC Tax Advantage (ELSS) Fund

6. Birla Sun Life Tax Relief 96

7. DSP BlackRock Tax Saver Fund

8. Reliance Tax Saver (ELSS) Fund

9. Religare Tax Plan

10. Birla Sun Life Tax Plan

Invest in Best Performing 2016 Tax Saver Mutual Funds Online

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For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

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