2 Not all life plans are eligible for bonus. Plans can either be participatory, thereby qualifying for bonus, or non-participatory, that do not qualify for bonus.
3 Bonus is different from guaranteed addition (GA). Bonus depends on the insurer's profit while GA is an assured addition to the policy and is disclosed upfront.
4 Bonus depends on quantum of investment gains of the `with profit' fund either as a certain amount per `1,000 sum assured or as a percentage of the sum assured.
5 In most traditional life policies, bonus amount keeps getting added to the policy and keeps accumulating till the policy's maturity. This is `reversionary' bonus.
6 Terminal bonus is added on maturity of policy or on death. It is a onetime bonus that the insurer declares for policy holders who keep policy till maturity.
Top 10 Tax Saver Mutual Funds to invest in India for 2016
Best 10 ELSS Mutual Funds in india for 2016
1. BNP Paribas Long Term Equity Fund
2. Axis Tax Saver Fund
3. Franklin India TaxShield
4. ICICI Prudential Long Term Equity Fund
5. IDFC Tax Advantage (ELSS) Fund
6. Birla Sun Life Tax Relief 96
7. DSP BlackRock Tax Saver Fund
8. Reliance Tax Saver (ELSS) Fund
9. Religare Tax Plan
10. Birla Sun Life Tax Plan
Invest in Best Performing 2016 Tax Saver Mutual Funds Online
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
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