Life Insurance: Secure your family future in advance

Today’s uncertain economic condition, getting insurance is a smart and intelligent move for the persons who want their family financially secure even after their death. Life is filled with chance happening, and no one knows what tomorrow hold for them. Accidents, disease, death are waiting round the corner, and no one on earth can get away from them. Life insurance gives you the chance to minimize the risks and to add protection to your life. Life insurance is one of the most advantageous, established and approved among all insurance policies. This policy offers you far too many benefits.

Planning your budget smartly is a genius game but planning your tax efficiently is a skilled job. Tax Saving Schemes is the excellent way to save your income and savings. The tax rates are different for each income support. An individual has to pay tax depends upon his yearly income, but there are many methods to save your tax. As the date of filling tax return arrives, you are going to your CA's and financial centers to have appropriate policies and investments for the maximum amount of tax can be saved. There are so many financial advisors who can give you the proper advice about tax saving plans. To get maximum tax benefits, customer has to invest his income carefully in the different schemes.

Everyone wants to spend most of his income upon itself, rather than paying as a tax. Tax saving benefits is applicable for the premium paid on life insurance policies Under Section 80C of Income Tax Act. This is the list of the top 5 options to save your income tax:

1.  To save your tax last minute, investing in life insurance is the best way. Select the investment plan under section 80C, before you make an investment. It offers you the best tax saving option.

2.   If you need enormous profit on your investments, small saving schemes are not so productive, but it is one of the smart ways to save tax. Small saving schemes are public provident funds (PPF) and national saving certificate (NSC).

3.  Equity is another option. These schemes are like mutual funds. These saving schemes are making     a profit and acquire tax benefits.

4. Getting a home loan is the best option. You can share your EMI payments if you are an employed couple. Then you get tax benefits.

5.   Health Insurance is one of the most appropriate and fastest ways to save tax. You can analyze various policies such as Hospital Guard, Health Cash, Instep Insure, Health Advantage Plus, Star Package and others.