Step 4: Check the eligibility criteria, including the minimum and maximum ages at which you can opt for the policy, income brackets and the various proofs needed to buy a savings plan online. Step 3: Do a due diligence on the insurer you have shortlisted to evaluate the insurer's financial strength, reputation, service quality, reviews and discounts offered. Read the fine print about claim settlements and other terms and conditions before you decide on the savings plan you want to buy. Most insurers detail out their different savings plans on their websites, complete with inclusions and exclusions. Knowing the approximate amount of funds you could need for a big expenditure in future or the funds required to sustain your dependents after you are not around will help you fix an amount that needs to be assured. Step 1: Assess your financial goals and requirements. Here are some simple steps you need to buy savings plans online Policies are usually dispatched over e-mail and you can get notifications on your mobile phone as well. You can research for the plans best suited to your requirements, check your eligibility for the same, upload the documents needed and make the payments online. All the information about savings plans is available online. Today, you can buy a savings plan online without the need for visiting the office of an insurer or agent. Savings plans are life insurance products designed to help you make disciplined and periodic savings and cover your family financially in case of your untimely demise. Most often, you can opt for payouts at regular intervals while keeping the plan active.Ħ Simple Steps to Buy Savings Plan Online Savings plans provide life insurance benefits, so they offer tax savings under section 80C of the Income Tax Act, 1961 13.You can avail a deduction of up to INR 1, 50,000 u/s sections 80C of the Income tax Act, 1961 13 per year against the money you invest in your savings plan.ĭepending on the plan you purchase, you will enjoy returns on your investment when the plan matures. You can pick funds as per your risk appetite and even makes changes depending on your dynamic financial situation. Depending on the plan you choose, you also have the ability to choose how and where your funds get invested for your future. You can customise your savings plan as per your unique needs and requirements. With a savings plan, you can save up money to purchase your dream car, take a vacation, and pay for your child’s education and even plan for retirement. You can use a savings plan to steadily build up a corpus for your financial goals. It helps you build a financial habit that will prove useful even later in life. Your savings plan encourages you to put money away regularly.

If anything were to happen to you, your family will receive the payout ensuring financial protection during a time of need. Your savings plan offers a life insurance component.

When you purchase a savings plan, you benefit from: Explore Retirement - Annuity & Pension Plans

Long term savings planner