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Mutual Fund (Tax Fund)

Let's Checkout our Mutual Fund (Tax Fund)

Mutual funds are investment vehicles that pool money from multiple investors to invest in a diversified portfolio of stocks, bonds, or other securities. They are managed by professional fund managers who make investment decisions on behalf of the investors. Mutual funds provide individuals with an easy and cost-effective way to invest in a diversified range of assets, even with relatively small amounts of money.

When investing in mutual funds, it's important to research the fund's investment strategy, historical performance, fees, and track record. You may also want to consider consulting with a financial advisor to help you select funds that align with your financial goals and risk profile.

Investors contribute their money to the mutual fund, and the fund manager uses this pooled capital to buy a diversified mix of assets. This diversification helps spread risk across different securities and reduces the impact of poor performance by any single asset.

Benefits Of Term Insurance

Affordable Premiums

The premiums for term insurance policies are typically quite affordable despite the large sum of coverage they provide. This insurance policy may compensate for lost earnings for several years.

Affordability

A Term Policy provides an additional payout (up to '2 crore) in the event of an accidental death + to increase your family's security. For example, if your life cover is '1 crore,' a Term Insurance Plan with Accident Death Cover pays '2 crores to your family in the event of an accidental death.

Survival Benefits

term insurance does not offer any benefits if you survive the term. A return of premium term plan guarantees a lump sum or regular income to help you meet financial goals. The term plan returns the full premium. End-of-tenure benefits are guaranteed.

Tax Benefits

Tax benefits are available for premiums paid under Section 80C as well as premiums paid under Section 80D for critical sickness coverage. Section 10 (10D) of the Income Tax Act of 1961 exempts the lump sum payment received by nominees as the sum assured/death benefit from taxes.

Features Of Term Insurance

Low entry age

Only 18 years of age is required to enrol in term insurance plans. As soon as you reach adulthood, you can purchase a term plan to protect your loved ones.

Long-term protection

The term plan provides lengthy policy tenures of up to 40 years, allowing you to safeguard your family for a longer period of time.

Easy premium payment option

Term insurance plans provide flexible premium payment options, including monthly, quarterly, or yearly payments.

Liability protection

The sum assured of a term insurance policy can be used to protect your family from liabilities like loan repayment and ensure their financial stability.