Which Policy is better? HDFC Unit Linked Endowment OR LIC's? and save tax?
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Greeting Friend need your suggestion to save Tax and future investment my salary is 26000 after deduction I get 22560 and in 26000 1271 Rs goes for tax so please advise me is HDFC Unit Linked Endowment is good policy someone told me it make money double after 15 years is that true? Or anyone know better plan in LIC? Please give suggestions
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Answer:
HDFC is definitely the best way to go
Jame M at Yahoo! Answers Visit the source
Other answers
If you want to go for Tax savings then best option is invest in PPF ( Public Provident Fund). This account can be opened in any post office or in any nationalized bank. It gives you decent returns. Don't mix insurance with investment. If you want insurance then go for a "term policy" which gives you maximum benefits. This scheme is however not liked by insurance agents as they get very less commission.
Abhijit
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