Life Insurance Policy: A Better Tax Saving Instrument!
Resource from : http://www.easypolicy.com/KnowInsurance-A/life-insurance-policy--a-better-tax-saving-instrument!
Insurance policy is not just applied to the save income tax but it is also a tool to make your life secure from the future uncertainties and to make you stress-free. Here discussed is that holding an insurance policy in addition to the tax payment has a couple of benefits that are distributed by the government.
People pay a certain percentage of their annual income to the government in the form of income tax. The tax that is levied on them varies with their income slab. To get the tax exemptions, they need to get hold of the right insurance policy. A meticulous Tax Planning is important to make the kind of savings they want.
Why Insurance Policy for Tax Savings?
Insurance policy is not just applied to the Save Income Tax but it is also a tool to make your life secure from the future uncertainties and to make you stress-free. But holding an insurance policy in addition to the tax payment has a couple of benefits that are distributed by the government.
Under sec 80C Of Income Tax act, you are allowed to claim for sudden deductions in the amount of premiums, on the calculation of your taxable income. Second benefit that could be acclaimed while holding insurance policy is that there is no imposition of any kind of income tax on maturity of policy or death of the policy holder. Overall insurance policies help to reduce your cash outflow during the policy duration.
Policies you need to cover around
Among the Best Insurance Policies like Life Insurance, health insurance, personal insurance, Medical insurance is the most popular one. In Unit Linked Insurance Plan entire investments up to 1 lakh rupees are deducted and uncovered under the tax imposition by the government. If you have invested in health insurance products that can deliver you the excellent tax rebates then you must be looking out
To explore out great Income Tax Saving Options, the best possible option would be to get consulted with some tax planners or financial ad visors. You may also explore down on a great web store for the right financial advice by the experts. The online website, www.easypolicy.com is a one stop solution for all those who ran from pillar to post to find the suitable insurance policy for them but were hardly beneficed.
The on line comparison websites covers up the details of various insurance companies to deliver its customers the best guidance. A transparent expert council is available with superior process and technology to distribute real-time information for those who really need it but remain clueless. Stop, wondering and compare the quotes of different policies by logging on to these websites so that you can get hold of the best and the most suitable one for you.
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