Now you can buy life insurance plans completely online right here.
Kotak e-Term Plan is a pure term plan that provides a high level of protection to your loved ones in your absence.
Our representative will get in touch with you at the earliest.
Amidst the decline in the child sex ratio and rise in female foeticide, the Government of India has launched campaigns like ‘Beti Bachao Beti Padhao’. To encourage the campaign, investment options like Sukanya Samriddhi Yojana (SSY) for the parents of a girl child have been initiated. Let’s look at what is SSY, the tax benefits and features of the investment.
SSY is a deposit scheme started by the Government of India to accumulate funds for the education and marriage of a girl child. This program was initiated due to the decline in the sex ratio in the country. With SSY, the parents of the girl child or the guardian can collect funds for
ease in educating and bearing the expense of marriage.
There are several Sukanya Samriddhi Yojana tax benefits that one can avail by investing in such a financial tool.
2.The interest earned on the deposited amount is tax-free
3.The amount received on maturity is also tax-free
The parent or guardian of the girl child is eligible for opening an SSY account only if the girl is below the age of 10 years. In case the girl child is above the age of 10, the parents cannot open an account and claim SSY tax benefits.
Kotak e-Term Plan is a pure term insurance plan that provides a holistic life protection at affordable prices. Find out the eligibility criteria, key ...Know more
Kotak Assured Savings Plan is an affordable protection plan that enables you to accumulate wealth and strengthens your finances for the future.Know more