Savings and Investments Plans

Savings and Investments Plans

A savings and investment plan is an insurance policy that recreates both parts. It permits you to collect funds systematically over the period and encourages disciplined investment. Such plans even offer numerous routes to build a corpus. You can select from guaranteed or market-linked agents as investment tools. At maturity, you will receive the maturity value as the return on your investment. The profits help finance your future goals like children’s education, marriage, and amassing retirement funds.

Similarly, if a tragic event happens during the tenure of the policy, your nominee obtains payouts. Thus, the life insurance part protects your family against financial problems in your absence. Therefore, such a plan integrates the benefits of life insurance with savings.

  • To achieve financial independence and satisfy every monetary requirement in life.
  • Protects your loved ones against a financial crisis
  • Provides tax benefits
  • Lucrative returns with capital market investments and the ability of compounding

  • Tax benefits on investments

    • R.B. Portfolios enables you to personalize the protection as per your individual needs through riders. With our help, calculating the premium for your savings scheme is straightforward.

    Frequently Asked Questions

    A guaranteed savings and investment plan offers the assurance of higher returns than the total premium outgo. The sum assured is stated upfront. The maturity value is the summary of the life coverage plus guaranteed additions. Therefore, such plans deliver a full-safe lump sum at the end of the policy tenure.

    You can claim tax deductions under Section 80C of the Income Tax Act, 1961 for the expenses paid towards these plans. How much expense you can save is equivalent to the result of the aggregate contributed and your assessment rate. For instance, assuming you fall under the 31.2% tax bracket, and put ₹1.5 lakhs in an investment plan, you can save ₹46,800 in charges.

    A Money Back Plan gives ensured payout at standard stretches during the exceptional installment term to assist you with accomplishing momentary objectives. They additionally give extra security cover. Some Money Back plans to offer a singular amount at development too.

    Mutual funds investment might appear complex for first-time investors as it can be confusing at times. Learning how mutual funds work is the first step in your investment journey. Reach R.B. Portfolios to know more.

    When you preserve money, the absence of risk involved decreases the possible capital appreciation that can occur with funding the same amount. Since you have sufficient time to achieve such a goal, you can help from the strength of compounding by financing money in the right instruments.
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