POSTED BY November 21, 2013 6:55 pm COMMENTS (2)ON
Dear Manish ,
I am salaried & comes in 10% tax slab. Presently I have 3 nos. ULIP policies & I pay around 60000/- per year as premium. I get 6000/- per year tax rebate on premium.
Now, after going through your articles on MF+term insurance, I am planning to stop my all ULIP policies & invest in MF & take term insurance of 25L which will cost me around 4000/-. But by this way I will loose aroud 10000/- per year (6000 tax benefit + 4000 extra for term insurance).
Pl suggest will it still better to invest in MF+Term insurance? waiting for ur valuable guidance.