Tax Savings FD Schemes
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Table of Contents
What exactly is a tax saving* FD?
How do tax-saving fixed deposits work?
What are the Key Features of Tax Saving FDs?
What are the Benefits of Tax Saving FDs?
Tax Savings FDs - Eligibility:
Tax Savings FDs – Documents Required:
The Bottom Line
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for Salaried Individuals¹
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Disclaimer
* Tax benefits are subject to changes in tax laws. Kindly consult your financial advisor for more details.
#Provided all due premiums are paid.
ABSLI Salaried Term Plan (UIN:109N141V01) is a non-linked non-participating individual pure risk premium life insurance plan; upon Policyholder’s selection of Plan Option 2 (Life Cover with ROP) this product shall be a non-linked non-participating individual savings life insurance plan.
1LI Age 21, Male, Non Smoker, Option 1: Life Cover, PPT: Regular Pay, SA: ₹ 1 Cr., PT: 10 years, Premium paying term: 10 years, Annual Premium: ₹ 5900/- ( which is ₹ 491.66/month) Premium exclusive of GST. On death, 1 Cr SA is paid and the policy terminates.
Reference
3https://www.financialexpress.com/money/your-money-know-how-tax-saver-fixed-deposits-work/2064071/
ABSLI DigiShield Plan is a non-linked non-participating individual pure risk premium life insurance plan; upon Policyholder’s selection of Plan Option 9 (Level Cover with Survival Benefit) and Plan Option 10 (Return of Premium [ROP]) this product shall be a non-linked non-participating individual life savings insurance plan. UIN: 109N108V11
ADV/2/22-23/3094