Keep minimal and do ask for help: In the process of saving some taxes, don’t buy too many insurance policies. Buying something and later paying heavy premiums for something that involves no good for you is a waste of time and money. Insurance agents get paid for bringing in more customers, so better chose wisely and according to your needs rather than listening to agents. If you are a first time insurance buyer, do not step back in seeking help from a professional financial advisor, who will guide you in a better manner, when it comes to buying right insurances.

Keep revising: As you prefer up-to-dated things in life, keep your insurance policies updated as well and according to your changing needs. When you took an insurance you may be single or just married, and now when you are blessed with a child or it’s time to fund your child for higher studies; you have to recheck the amount you opted earlier for an insurance cover. Do the updation well in time before your policy matures, and revise all the concerned needs prior to that.

READ MORE: How Tax Saving Funds Can Save Tax And Grow Your Money?

Ten Market-focussed Insurance Funds Beat Nifty On Fiscal Returns