Looking for tax saving plans to meet your long term and short term financial goals? Understand the various investment instruments and purchase the best plan at policybazaar.com.
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About the Product

Compare the Best Investment Plans

Best Investment Plans in India

Investment plans help beat inflation and build a large corpus. We at Policybazaar.com help you compare investment plans offered by all life insurance companies in India and select the best suited investment plan for you. An investment plan should be selected keeping in mind 3 main goals:

  • Risk Profile-if you are a young customer and are willing to take financial risks, a ULIP is better suited for you while if you're a conservative investor, then a traditional endowment or money-back plan will suite your needs.
  • Investment Tenure - Insurance plans offer a mid-to-long term investment horizon. Unit Linked Insurance Plans or ULIPs are very good long term instruments.
  • Final Goal - you want to build the corpus for retirement or child's education?

Top Investment Product Categories in Insurance:

ULIPs or Unit Linked Insurance Plans are the easiest way for a consumer to enter the stock market with an added advantage of life cover. As these products provide tax benefits and market linked returns, they are one of the best long-term investment plans. ULIPs offer many investment funds to choose from which allow you flexibility to shift between equity and debt, based on the market conditions and risk profile.

Traditional Endowment plans are regular saving plans which help build a corpus and give guaranteed maturity benefits along with bonuses. These products give you returns equivalent to a fixed yield/deposit but also combine insurance risk cover and add-on riders to primarily build the safety cushion in case something goes wrong.

Moneyback Plans are a type of endowment plan which give periodic cash payouts to investors. As they help build regular large capsules of fund; they are very useful for salaried class who wish to save for buying large assets every 3-5years.

Child Plans are saving instruments which help parents build a protected asset for their child's future. They also provide many insurance features which protect the intent or reason for corpus building; primarily for child's future education and expenses.

Key things to remember while investing in an insurance plan

  • Set financial goals - both short term and long term
  • Maintain balance between risk and returns; allocate amount accordingly
  • Investments should be both liquid and fixed. This enables you to use them in emergencies as well as avoiding overspending
  • Best is to start with small and gradually increase invested amount. Choose premium payment options ranging from monthly to annual to single premium
  • Research a lot before investing; use help of financial planner if need and invest in the best investment plan
  • Review portfolio each year and make changes accordingly
  • Ask questions - Resolve all your doubts before investing. Use investment calculator to calculate exact premium before buying


  • Over exposure to single market instrument
  • Over-investing which could burden present finances. Many a time people invest more than what they can comfortably put aside after meeting regular expenses resulting in cancellations. The cumulative effect of such cancellation is losing your hard earned money in penalties.

Tax Saving Investment

Best investment plans also make for good tax savings instruments. In life insurance, premium amount payable is deductible from taxable income up to maximum amount of Rs 1 Lac under Sec 80C. Maturity proceeds and death benefits are also tax exempt under Sec 10(10D).

Other Investment Options to choose from

Mutual Funds: This is a professionally managed trust in which investment is pooled from retail investors. The accumulated amount is invested in different financial instruments like shares, securities etc. As the income is earned on these instruments, it is shared proportionally among investors. Mutual Fund is considered one of the best investment options due to its very low charge structure.

Investments in Gold: The value of gold has been appreciating steadily. Looking at the last few years, there has been more than 22% annualized returns; this makes gold a very good investment option. For people interested in investing in gold, there are various methods which include physical gold, e-gold and gold ETF.

PPF, Bank Fixed Deposits and Postal Schemes: These 3 options are most suitable for making safe investments. The interest rate on PPF account is presently at 8.8% per annum and keeps changing every year; different banks offer different interest rates. There are also many postal investment schemes which can be bought.

Unlike Insurance; other Investment products are not aimed to provide a financial cushion to family in case of unforeseen circumstances, thus we recommend our consumers to prefer Insurance over other financial instruments.


Expert Speak

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Frequently Ask Question

What are Investment Plans?


Investment plan from life insurance companies help build a regular saving corpus, while providing risk protection with the benefit of life insurance. Regular saving help provide for Retirement, Child's Education, and Marriage etc. Investment plans can range between Traditional Endowment, ULIP or Moneyback.

Why Invest?


Investment plan help create a large corpus and protect against inflation. As we plan to work for a 25 to 30year before we retire we need to save for our future and unforeseen times.

How much Investment do I need?


Investment and saving appetite is based on personal capabilities, saving and income requirements in future. It is said we must save 25% of our income every year in long term saving to build a large corpus to enjoy our retired life. We recommend our consumers to start early and save regularly.

Documents Required (if any)

  • Age Proof
  • Identity Proof
  • Address Proof
  • Income Proof
  • Duly Filled Proposal Form


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