associatenitinI would suggest a mix of strategy for investment: Beginning with
1. Life Insurance By Lic " Plan name : Jeevan Anand" Where you get the amount with interest back on Maturity and free coverage for life after that. This is lic's best selling plan. Govt Guaranteed.
Then divide the Money in 4 parts
1st part : PPF
2nd Part: Fixed deposit
3rd part: Equity/Mutual funds.
4th part: Monthly expenses...
This combination will take care of Insurance ( LIC) , retirement ( PPF ), Equity ( Long term benefits ) , liquidity ( FD as its easy to break ).
From India, Hyderabad
pon1965In addition to 1L exemption under Sec. 80 C, 20K is exempted under Sec 80 CCF (infra bonds). Contribution made to NPS (New Pension Scheme) upto 10% of basic + DA is also exempted thru employer side.
If you want more about NPS, do revert
From India, Lucknow
Shridhar_PalBuyonline.Aegonreligare provides some good invest plans like 1) Term insurance plan 2) Child insurance plan All these plans have option to buy it online with expert advice and in affordable price.
From India, Mumbai
licdoIn LIC there are two types of investing patterns one is traditional like conventional plans Jeevan Anand where there is a life long free coverage besides maturity returns.IT exemption is as usual depends on your annual income, you may come in the slab of 20% or 30%.
And the second option is investing in ULIPs where the amount goes to certain percentage to equities depends on the Fund you choose.In this the risk of portfolio will be borne by the policy holder,and also lock-in period for 5years.
From India, Bhimavaram
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