How To Grow Your Wealth Year After Year Using Passive Income?
3 years ago

How To Grow Your Wealth Year After Year Using Passive Income?

The Quint  

It would be an understatement to say that life and the events surrounding it, are kind of unpredictable. With the right kind of planning, you will get long-term financial security and take some calculated risks to help generate a steady chunk of passive income over time. Coverage plus pay-outs Essentially, a ULIP gives financial coverage for fulfilling long term goals and keeps you prepared for any unexpected events that might arise. Tax benefits As per Section 80C of the Income Tax Act, 1861, investing in certain investment types helps you get tax benefits on the premium amounts paid. These help you in getting insurance coverage as well as investment opportunities in market-linked securities like debt, equity, and others.

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