Enjoy 0% GST on your policy premium. Get ₹1 Cr. Life Cover at just ₹22.5/day* + 10%^ Online Discount with IndiaFirst Life ELITE Term Plan (UIN 143N070V01). *^T&C Apply.
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IndiaFirst Life Elite Term Plan
IndiaFirst Life Radiance Smart Invest Plan
IndiaFirst Life Elite Term Plan
IndiaFirst Life Radiance Smart Invest Plan
IndiaFirst Life Radiance Smart Invest Plan
Enjoy 0% GST on your policy premium. Get ₹1 Cr. Life Cover at just ₹22.5/day* + 10%^ Online Discount with IndiaFirst Life ELITE Term Plan (UIN 143N070V01). *^T&C Apply.
Know More
Tired of complicated insurance? We’ve made it effortless - Introducing IndiaFirst Life app-like tool Calculate, plan, and protect—all from your device. Your future is just a tap away.
Install now!
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IndiaFirst Life Guaranteed Protection Plus Plan
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Option to Get Your Money Back (ROP)
Insure your spouse under the same policy.
Flexible Premium Paying Terms
Pay for 5 years get coverage for 99 years.
Tax season can be a stressful time, especially when you see a significant portion of your hard-earned money going towards taxes. However, what if there was a way to reduce your tax burden while securing your financial future? Many people overlook retirement planning as a tax-saving tool, but with the right pension plan, you can achieve both financial security and tax savings.
Retirement planning is not just about ensuring a comfortable life after retirement. It is also a strategic tool to save on taxes. By investing in a pension plan, you can take advantage of tax deductions under Section 80CCC of the Income Tax Act, 1961. Contributions made towards these plans are eligible for deductions of up to ₹1.5 lakh per annum, significantly reducing your taxable income.
Furthermore, the returns generated from your pension plan, including compound interest, are either tax-free or taxed at a lower rate, depending on the plan chosen. To better understand the potential savings, you can use a pension calculator to estimate your retirement corpus and a compound interest calculator to forecast the growth of your investments over time.
Selecting the right pension plan is crucial for optimising your tax savings. By considering your current income and projected retirement needs, you can choose a plan maximising your tax benefits. Using an income tax calculator allows you to estimate the tax deductions you can claim by investing in a pension plan.
Additionally, certain pension plans offer further tax benefits at the time of maturity or withdrawal. For instance, a portion of the corpus withdrawn at retirement is often tax-free, providing further relief during your golden years.
In summary, retirement planning is a powerful way to reduce your tax liability while ensuring a secure future. By leveraging tools such as the pension calculator and income tax calculator, you can make informed decisions benefitting both your current financial situation and your long-term goals. Don’t wait until tax season to start thinking about your financial future. Explore pension plans offering robust tax-saving benefits and ensure a comfortable retirement.**
** Tax exemptions are as per applicable tax laws from time to time.
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IRDAI Regd. No. 143 | CIN: U66010MH2008PLC183679Trade logo displayed above belongs to one of our promoters and shareholders, Bank of Baroda and are used by IndiaFirst Life Insurance Company Limited under License.
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