PRLog - Feb. 25, 2010 - NEW DELHI, India -- New Delhi, Many people often remain confused if they have correct life insurance coverage or not. While it is pointless to have too small a coverage as it would not be of any help to an individual’s family members. Dumping a huge amount of money in insurance is also not a very good option as it will result into wastage of precious money.
In order to solve this confusion of its members, Taxsavers.in, India’s first ever website catering exclusively to Tax Savings is all set to launch an insurance calculator in its new segment, Insurance and Taxes. This calculator can be used to estimate how much insurance cover is needed by an individual to help his family lead a comfortable life, if something were to happen to him.
The Insurance page will have an instructions guide alongside the insurance calculator giving details of how to use the calculator. There will be three steps to get results from this calculator. In the first step an individual will have to determine his goals and the time period. The second step will be making assumptions of his expenses and current loan status if any. And finally, depending upon the existing inflation rate, the calculator will provide a graphical presentation of the amount of sum assurance required by an individual.
A person can also move the slider of the inflation chart to see how rise or fall in inflation would impact the amount of insurance cover needed by him.
The aim of a life insurance is to insure a person’s life against the risks that can confront him everyday. Besides life insurance premium paid by an individual also qualifies for deduction under Section 80C of the Income Tax Act. Taxsavers.in has come up with this concept of Insurance calculator keeping all this in mind. So make the most of this opportunity by logging on www.taxsavers.in.
New Delhi, India.
Phone No. +91-11-43208800
More Information URL:http://www.taxsavers.in/
# # #
TaxSavers.in is a New Delhi based financial services company currently serving all over India. Lloyds Ventures, owner of TaxSavers.in and his team of professionals have provided quality accounting, tax and consultation services for our valued clients.