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Guaranteed Monthly Income Insurance Plans

 It is advisable to keep your investments and insurance separate. The insurance products with inbuilt investments have given historically low returns ranging from 4 to 5 percent (post tax). On the other hand the current rate of interest for fixed deposits is at 7.5% and short term debt funds have given an average return of 9 % in the last 5 years.


In Monthly income plan, you have to pay premiums for 5 years, from the 6th year onwards you will get a monthly income which will generally be slightly more than your annual premium. And at the end of the term you will get a terminal bonus paid out as lumpsum.


Buy a pure term life insurance plan to buy an adequate life insurance cover. You should invest in equity mutual funds to achieve your long-term goals of five years and above. If you are a newcomer to the stock market, choose a top-rated balanced scheme and start investing every month via a Systematic Investment Plan (SIP).

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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

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