Premium paid on Life Insurance plans are eligible for deduction from taxable income under section 80C up to a combined limit of Rs 1,50,000 per annum (as long as the sum assured on the plan is 10 times or more than the premium being paid). One must then hold these policies for a minimum period (2-5 years) to ensure that the tax benefit so obtained is not forfeited. Contribution to NPS is also eligible under 2 segments - within section 80C under the overall limit of Rs 150,000 as well as under section 80CCD that is exclusive to NPS up to a limit of Rs 50,000. The third class of investments for considering tax benefits could be payments for annuities. They are also eligible for deduction from taxable income under section 80 CCC although it is carved from within the Rs 1,50,000 limit offered to Sections 80C and 80CCD. There is thus an opportunity to save up to Rs 2,00,000 per annum on taxable income through investments in these instruments.

Hi Preetam, there are multiple type of savings plan we can offer you ULIPs, Guarantee, Child or Pension. But in order to offer you the best solution as per your life stage and requirement we will need some more information. We are forwarding your information to our team and they will reach out to you. In the meantime you can read more here https://tinyurl.com/nk6mkhb5

Hi Guddu, a best savings / investment plan will depend on both your life stage and your investment objective. you can visit this page here to learn more https://tinyurl.com/32n43keu, we alternatively have also arranged for a call back

Hi Gotam, investing to secure your future is a great idea, but before we help you select the right product we will need some more information regarding your age, life stage and end objective. To understand this we are asking our team to reach out to you. You can in the meantime get more information here https://tinyurl.com/32n43keu

HI Chandrabali, you will need standard documents such as Policy Document, ID Proof, Address Proof etc and submit the same along with a NEFT form with the nearest LIC branch office or online to get the benefit of LIC Varishtha pension bima yojna, you can read more details https://tinyurl.com/1p7be7in