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PMSBY  :- Your First Insurance for Secure Life

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PMSBY  :- Yo ur First Insurance for Secure Life Pradhan Mantri Suraksha Bima Yojana(PMSBY) The Scheme is available to people in the age group 18 to 70 years with a bank account who give their consent to join / enable auto-debit on or before 31st May for the coverage period 1st June to 31st May on an annual renewal basis. Aadhar would be the primary KYC for the bank account. The risk coverage under the scheme is Rs.2 lakh for accidental death and full disability and Rs. 1 lakh for partial disability. The premium of Rs. 12 per annum is to be deducted from the account holder’s bank account through ‘auto-debit’ facility in one installment.  -  Secure yourself from accident risk, like 13.25 crore people have already done ! -  Rs. 286.28 crore worth claims already settled ! -  More than 5.22 crore people have secured the future of their loved ones. You can too ! -  79,485 families supported so far with claim settlements worth Rs. 1...
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5 reason to make PPF your invest buddy

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TOP 5 REASONS TO CONSIDER PPF AS YOUR INVESTMENT. Here are five reason to consider PPF as your investment : Risk-free, guaranteed returns : The Public Provident Fund is backed by the Government of India. So, one of the most significant PPF account benefits is that it is entirely risk-free. The returns, too, are guaranteed by the government. What’s more is that the funds in your account cannot be attached by even a court order to pay off debtors. Multiple PPF tax benefits : The great thing about a PPF is its exempt-exempt-exempt (EEE) tax status, one of the only investments in India to enjoy such an advantage. The amount you invest up to Rs. 1,50,000 is deductible from your taxable income, the interest you earn is non-taxable and the maturity amount you get after 15 years is also tax exempt. This makes it one of the most tax efficient investments. Small savings, good returns : The PPF allows you a lot of flexibility in the investment amount. You can open an account with ...
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Why to invest in PPF ?

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WHY TO INVEST IN PPF ? THE GOOD AND BADs Public Provident Fund (PPF) is one of the most popular investment avenues to create a long-term retirement fund. Low risk, moderate returns, and added tax benefits are few of the significant factors which make PPF an attractive option for investment. But do these factors make  PPF  your best bet? Let’s explore.    Though with  8% rate  of assured returns, PPF fares at par with nominal returns paid by bank fixed deposits (FDs), the additional tax benefits subject to the investment cap of Rs 1.5 lakh offered by PPF makes it look better than the other forms of investments. Also, the PPF deposits are government guaranteed which makes it safer than financial instruments like FD’s. The other investment option which is as secure as PPF is government bonds. While bonds at times may offer comparatively higher nominal interest rate than PPF but if the tax benefits are taken into account, the  PPF returns...
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