What are the best saving plans in the market

1
What are the best saving plans in the market?
2

• As you start out in your career, the wisest move
  is to start making your saving plans and insure
  your future.
• There are several channels you can accomplish it.
  Maintaining savings in your account probably may
  not count as a saving plan.
• There are several products out in the market. You
  need to browse through internet and look for
  options that best suit you.
• All these efforts are crucial in order to ensure
  your life post retirement is smooth and
  financially stable. Not just that, in the event
  of your death, you need a life insurance company
  that can help securethe needs of your family.

3
There are investment options and other schemes
which can provide you monthly saving plans. These
products help you save on your taxes. Some tax
saving investment plans you must consider include

• Term Insurance policies Term plans may not help
  you save or accumulate wealth but help you save
  considerable tax money. These insurance are
  relatively cheaper and highly customizable.
  Moreover, you can convert your term insurances
  into whole or endowment life insurance.
• Endowment plan Endowment policy is a type of
  life insurance where you avail dual benefits in
  the form of both investment and insurance. Not
  only that, you also save your taxes under section
  of Indian Income Tax.

4

• 3. Other insurance Most of insurance including
  health insurance, term plans, different types of
  life insurance, endowment plans, ULIPs come with
  the added feature of tax savings. There are
  several sections (Section 80D, Section 10(10D),
  Section 80C and more others) under Indian Income
  Tax that serve the purpose of such tax
  exemptions.
• 4. Mutual funds Investing in mutual funds,
  though subject tomarket risks, come with several
  benefits. One being that the returns may be
  really high.Second of them being its tax saving
  aspect. You can avail tax exemptions under
  section 80C of the Income Tax laws.
• 5. National Pension Scheme Section 80C helps
  provide tax benefits while you secure your life
  post retirement with this pension scheme.

5

• There are many other schemes and investment
  options that help you save money through tax
  benefits and multiplication of returns.
• Make a good research and understand the risks
  associated with each and every saving plan that
  is offered.
• Consult a professional (financial advisors) to
  help you guide through the technicalities.
• Talk to your peers who have already an experience
  when it comes to such policies. Gather
  information much of which you can collect via
  internet - and a decision that will positively
  impact your future.