Which is best option for investment for tax saving? I need to invest 10k? How about PPF or TERM INSURANCE?

If Term insurance plan is good option, which need to be opt? Single premium, With return of premium or without return of premium?

Term Insurance? That is not an investment. A term policy expires and is worthless unless you die.

Whole Life is called an investment by people who sell it or people who got scammed into buying it, but Whole is considered by most financial people as a scam. You get your money back (if you don't die), but they don't pay you any real interest on your money if any.

PPF? is that a pension protection thing? That sounds pretty shady as well.

Why don't you sit down with a Edward Jones, A.G. Edwards, Charles Schwab, type investor and work on a plan with them. If you need to invest $10,000 this year or every year they can help you with the best tax savings and even a deductible investment (Traditional IRA or Fed. bonds).

Keep adding to your investment over the years and you will make a ton more than paying whole life insurance.

Also, if you don't have a spouse and/or kids you may not need much life insurance... Try to think of who you support now that will not be supported if something should happen to you.

A lot of people are over insured... if you can imagine.

Are you relatively young? Why not consider a ROTH IRA. You won't be able to put the whole $10K in at once, but it's a good long term investment plan.

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