Picking the right product to save on taxes and meet your long-term goals

With the time for submitting proof of investments barely a fortnight away, here's a look at key criteria you should employ when selecting tax-saving instruments like ELSS, term and health cover

In a fortnight or so, your office will ask you to submit proof of the investments you have made to enjoy tax benefits in this financial year. Three key instruments that can help you meet your financial goals, while also allowing you to enjoy tax deductions (and regarding which we have received the maximum number of queries from readers) are equity-linked saving schemes (ELSS), term cover and health cover. With so many mutual fund houses and insurance companies hawking their products, making the right choice can be difficult. In this article, we focus on some of the key criteria you