Personal Finance Myth #15

Tax-free corpus from insurance is a significant benefit | Vrid
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Tax-free corpus from insurance is a significant benefit

If an investment earns less than inflation, the returns are tax-free if it is eligible for indexation. And Insurance distributors market the tax exemption benefits to sell insurance policies.

But many other investments give better returns even after paying taxes. So don’t invest only for tax benefits. Look for other factors as well.

Also, earlier we discussed whether you should invest to save tax or to build wealth. Find out the answer here.

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DISCLAIMER: This newsletter is strictly educational and is not an investment advice or a proposal to buy or sell any assets. Please be careful and do your own research.

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