Guaranteed Insurance Plan

A Guaranteed Insurance Plan is a type of life insurance policy that offers fixed returns, guaranteed benefits, and stable coverage regardless of market fluctuations. It is ideal for individuals seeking predictable financial outcomes and assured security for their family.

Key Features:

• Guaranteed Returns: Fixed maturity benefits with no risk of loss due to market volatility.
• Life Cover: Provides a death benefit to the nominee in case of the policyholder's demise.
• Tax Benefits: Eligible for tax deductions under Section 80C and 10(10D) of the Income Tax Act.
• Flexible Premiums: Choice of premium payment term—monthly, annually, or limited pay.
• Maturity Benefit: Lump sum guaranteed amount paid on survival till the end of the policy term.

Who Should Buy This Plan?

Guaranteed plans are suitable for risk-averse individuals, parents planning for their child’s future, and anyone looking to build a corpus with assured payouts.

Example Scenario:

Suppose you invest ?50,000 annually for 10 years. On maturity, you are guaranteed to receive a fixed return, say ?7 lakhs, regardless of market conditions. If something happens to the insured during the policy term, the nominee gets the full sum assured.

Why Choose a Guaranteed Plan?

Stability and security are the prime reasons. These plans ensure peace of mind through pre-defined benefits, making them popular among conservative investors and salaried individuals.