Guaranteed Return Plans

In this modern epoch, maintaining economic stability has become difficult for everyone. By understanding the people’s need for financial stability, insurance companies have taken the initiative to provide guaranteed income plans.

This plan fulfills the investor’s need and offers them life insurance along with maturity benefits and regular guaranteed pay-outs.

Benefits of Guaranteed Return Plans

Maturity Benefit

When policy gets matured, the insured individual receives a reversionary bonus along with a terminal bonus.

Death Benefits

In this plan, the nominee receives the basic sum assured amount along with the bonuses if any.

Income Tax Benefits

A tax deduction is available every year. Moreover, tax exemption under Section 10(10D) is also available on maturity as per the terms and conditions.

Flexible Payout Options

The final payout will ultimately depend upon the amount of premium chosen by the policyholder and the rate of interest offered for that premium.

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Features of Guaranteed Return plans

  • It’s a kind of life insurance plan that provides regular income for a specified time ranging from 10-30 years.
  • It gives a fixed reversionary bonus along with a terminal bonus.
  • It provides multifarious benefits such as death benefits, maturity benefits, and tax exemption.
  • The policy period varies from 10-30 years.

Who is Eligible for Guaranteed Return Plans?

Guaranteed Income Plans are designed for salaried people who lie between the ages of 18-60 years. Moreover, the policy term for investors extends from 10 years to 30 years.

Frequently Asked Questions

LIC offers multifarious life insurance policies designed to provide higher returns. It provides you with the maximum benefits.

Once it gets matured, you will receive a reversionary benefit and will be eligible to get periodic payouts based on the predifined percentage of sum assured of your plan.

InvestMarket offers the best investment plans in India that give high returns. We have highly experienced professionals that can fulfill your needs within your budget.

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