Money Saver India

endowment

Ignore traditional plans even after October

Ignore traditional plans even after October

The IRDA has revised its guidelines for all traditional insurance schemes, including endowment plans. But the product won’t get any better, particularly if you won’t stay till the very end. [...]

September 6, 2013 Team MSI FINANCE 0

Losing tax benefits on early withdrawal

Losing tax benefits on early withdrawal

Watch out when making an investment purely for its tax benefits. The income you receive is taxable if you withdraw it prematurely. This applies to ULIP and endowment policies as well. [...]

August 23, 2013 Team MSI FINANCE 0