OVER CONTRIBUTION

OVER CONTRIBUTION IN EDUCATION PLAN

Each subscriber for that beneficiary is liable to pay a 1% per-month tax on his or her share of the excess contribution that is not withdrawn by the end of the month. The tax is payable within 90 days after the end of the year in which there is an excess contribution. An excess contribution exists until it is withdrawn.

No fee plans are available. Client can choose their investment option and also these investment option can be changed. Premium can be stop/restart anytime without penalties.

Sahib Insurance Advisors will help you to choose best available product in the market.