Deposits, pension scheme: Investments you should make before March 31

Non-linked policies must be availed of by that deadline to earn tax-free return without cap

March 31 is the deadline for making critical investments, marking the end of the financial year. Complete investments to get benefits of products, some of which will not be available in the next financial year.

Tax-free corpus from non-linked policies

If you invest in a non-linked (traditional) insurance policy until March 31, the maturity amount received from it will be tax-free, irrespective of the premium amount. Budget 2023 proposed that the maturity proceeds from non-linked policies will be exempt only on premium of up to Rs 5 lakh from the next financial year.  

“If you are looking for guaranteed returns