Compare & Buy Best Investment Insurance Plan

  • Endowment Policy/ Investment policy: These policies are designed to offer the benefits of both insurance and investments. It usually pays a lump sum amount after a specified term or on death.
  • Tax Exemption: Amount invested in these plans are tax exempt under section 80c.
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Best Life Insurance Plans from These Insurers & More

Max Life Insurance Company Limited
HDFC Standard Life Insurance Company Limited
Bajaj Allianz Life Insurance Company Limited
Reliance Life Insurance Company Limited
Aegon Life Insurance Company Limited
Aviva Life Insurance Company India Limited

What are Investment Plans?

Investment Plans are a combination of both investment as well as insurance. A part of the premium you pay is used to provide you insurance coverage (Life cover) and remaining part is invested in the financial instrument as per your risk taking capacity. Such plans help you fulfil your Short-Term as well as Long-Term Financial Goals. Investment Plan is a good option if you want to enhance your wealth and save taxes.

There are usually two types of Investment Plans:-

Importance of Investment Policy

Financial Protection

Your Short and long term goals such as Child's marriage, education, etc can be fulfilled in a planned manner

Good Returns

Returns on investment plans are usually better if you consider post tax yields compared to other investment options (especially in Unit-Linked insurance Plans)

Tax Benefits

You get tax deduction for the premium you pay under Section 80C and the money you realise on maturity is tax-Free under Section 10 (10)D of the Income Tax Act

Riders Benefits

You can add riders like Critical Illness, Accidental death, waiver of premium, etc.

 
Loan

You can also avail a loan on the investments incase you need money at a later stage. Rate of interest differs from company to company.

Dual Benefits

You get benefit of saving your money for future needs as well as increasing your wealth by investing in the stock market

 

Documents Required To Buy Online Investment Plans

  • Age proof- Birth Certificate, 10th or 12th mark sheet, Driving License, Passport, Voter ID, etc.(Any one)
  • Identity proof- Driving License, Passport, Voter ID, PAN Card, Aadhar Card, which proves ones citizenship
  • Address proof- Electricity Bill, Telephone Bill, Ration Card, Driving License, Passport, should clearly mention the permanent address
  • Income Proof- income proof specifying the income of the person buying the insurance