What is a Guaranteed Return Plan?
A guaranteed return plan, as the name suggests, lets you save your money and offers guaranteed returns for your future, with customizable income or return options as per your need.
There are plenty of reasons that can impact the financial market and affect your investments. This is why it is important to consider investing a portion of income in a guaranteed return product that provides fixed returns irrespective of changes in the market. A guaranteed return insurance plan enables you to save for your future expenses while offering a life cover that protects your loved ones in your absence.
How does the Guaranteed Return Insurance plan work?
A guaranteed return investment plan allows you to save for your future and secure your loved ones financially in case of any unfortunate incident. The plan offers low-risk savings that can be used to cover varied financial goals. You can choose a sum assured based on your requirements on the basis of which the premium is determined. Upon maturity, your lump sum savings are given to you. Further, if any unfortunate incident occurs, your family gets the insurance payout that helps them live a comfortable life.
Why invest in a Guaranteed Return Plan?
Financial markets by nature are volatile, which in turn can affect your investments. In such a scenario, it is ideal to diversify your investment portfolio with a guaranteed return product. Since guaranteed return plans are low-risk, they are not affected by the movements of the market. So, you can rely on it for stable returns. Even though the returns may be low compared to other high-risk investments, there is no fear of losing your money or leaving your family members financially uncovered in their hour of need.