Invest ₹1,50,000 in Tax Saving (ELSS) Funds and you can:
Save tax upto ₹46,350*
Get tax free returns*
Higher potential to Grow Your Money
What is a ULIP?
Long-term investment plans that are a combination of insurance and investment.
Benefits of a ULIP
NPS vs ELSS vs ULIP
| NPS | ELSS | ULIPs | |
| Tenure or minimum lock-in | Till age 60 of the account holder | 3 years | 5 years |
| Returns | Market linked and depends on fund variant selected | Market linked | Market linked and depends on fund variant selected |
| Safety/Risk Profile | Moderate to high risk | High risk | Moderate to high risk |
| Minimum Investment | Tier 1: ₹ 1,000 | ₹ 500 | ₹ 10,000 |
| Tier 2: ₹ 1,000 | |||
| Maximum annual investments to save tax under Section 80C | ₹ 1.5 lakh and additional deduction for investment up to ₹ 50,000 in Tier I account in a financial year under Section 80CCD (1B) | ₹ 1.5 lakh | ₹ 1.5 lakh |
| Withdrawal | Only at age 60 | Only on completion of the lock-in | No premature withdrawal |
| Investment mix | Depending on the choice of funds; maximum 50% equity allocation | Minimum 80% equity allocation | Depending on the choice of funds; equity allocation varies |
| Tax implication on maturity | EEE | Capital gains are taxable | EET |