Save the future of the loved ones after a demise or reduce the burden of the medical expenses in case of a health emergency are a few highly boosted advantages of different nature of insurance plans.
But an insurance plan also offers one of the highly important yet underrated advantages i.e. Tax Benefits. Shelling out thousands of rupees every year to be paid in the form of taxes becomes even more painful when one realizes that the money could have been invested efficiently to make its potential utilization to make the future financially independent.
Especially the new taxpayers who are looking for intelligent ways of saving tax and at the same time wish to make the right investment choices to have a financially abundant future; buying insurance policies is the right methodology to do so. Moreover, insurance policies not only save your tax but save your money which might get wasted on unforeseen unfortunate incidents.
However, having an insurance plan is not enough….