Guaranteed Return Plans

Traditional Programs in India

Nowadays, maintaining financial stability has become increasingly difficult for many. To understand the need for financial stability in a person's life, insurance companies have come up with guaranteed income plans. Guaranteed revenue programs are specifically designed to address the needs of risk-free investors and provide them with life insurance benefits as well as maturity benefits and regular guaranteed payments. A guaranteed income plan provides financial security by providing regular income at a predetermined percentage (preferred by the insurer and insurer) of the Guaranteed Amount. The USP plan is that one can earn an annual, semi-annual, quarterly or monthly income. This new insurance product is a traditional system that comes with a bonus site, where insurers do not have to worry about market ups and downs; instead, they enjoy great benefits.

 

Plan Name	Plan Type	Entry Age	Age	Policy Term
Aegon Life Term Plan	Term Plan	20 - 65 years	75 years	10 - 75 years minus age at entry
Aviva Dhan Samriddhi	Money Back Plan	13-55 years	23-70 years	10,15 & 20 years
Aviva i-Life Plan	Term Plan	18 - 55 years	70 years	10 - 35 years
Bajaj Allianz Save Assure	Endowment plan	1-60 years	18-75 years	15/17 years
Bharti AXA Aajeevan Sampatti +	Endowment Plan	91 days-60 years	100/85 years	100/85 years
Birla Sun Life Vision Endowment Plan	Endowment Plan	1-55 years	N/A	20 years
Canara HSBC OBC Smart Stage MoneyBack Plan	Money Back Plan	8 - 55 years	70 years	15 years
Canara Smart Monthly Income Plan	Monthly Income Plan	18 years-55 years	43-80 years	25 years
Edelweiss Tokio Guaranteed Income Plan	Endowment Plan	3-50 years	18-65 years	15 years
Exide Life Guaranteed Wealth Plus	Guaranteed Plan	18-60 years	Lumpsum Variant: 75 Income Variant: 97	Lumpsum Variant: 12 or 15 Income Variant: 37
Future Generali Assure Plus	Endowment Plan	3-55 years	18 years-70 years	15-20 years/25 years
HDFC Life Click2Protect  Plus	Term Plan	18 - 65 years	28 - 75 years	10 - 40 years
HDFC Life Sampoorn Samriddhi Plus Plan	Endowment Plan	30 - 60 years	18 - 75 years	15 - 40 years
HDFC Life Sanchay Plan	Endowment Plan	30 days - 45 Years	18 - 70 years	15 - 25 years
ICICI Prudential Cash Advantage	Money Back Plan	0 - 60 years	18 - 80 years	15 - 20 years
IDBI Federal Incomesurance Guraanteed Money Back Insurance	Money Back Plan	18 -55 years	65 years	10 years
India First Maha Jeevan Plan	Endowment Plan	5-55 years	20-70 years	15-25 years
Kotak Assure Income Accelerator Plan	Endowment Plan	0-60 years	18-85 years	15,20 or 30 years
Max Life Guaranteed Monthly Income Plan	Money Back Plan	25 - 65 years	71 years	6 - 11 years
PNB Metlife Money Back Plan	Money Back Plan	13-55 years	65 years	10 years
Pramerica Life Magnum Assure Plan	Endowment Plan	18-55/50 years	65 years	10 years & 15 years
Reliance Life Super Money Back Plan	Money Back Plan	18-55 years	28-80 years	10,20,30,40-50 years
Sahara Life Dhan Sanchay Jeevan Bima	Endowment plan	14-50 years	70 years	15-40 years
SBI Life - Saral Shield	Term Plan	18 - 60 years	65years	5 - 30 years
SBI Life Smart Money Back Gold Plan	Money Back Plan	4 - 25 years	26 - 70 years	12 - 25 years
SBI Life Smart Money Planner	Traditional Savings Plan	18-60 years	75 years	15-25 years
Shriram New Shri Life Plan	Endowment Plan	30days-65 years	18-75 years	10-25 years
Star Union Da-ichi’s Guaranteed Money Back Plan	Money Back Plan	13-50 years	60,65 & 70 years	10,15 & 20 years
Tata AIA Life Insurance Secure 7 plan	Endowment Plan	18-55 years	69 years	14 years

Eligibility

Guaranteed Money Programs are designed for leading people aged 18-60 and their policy period ranges from 10 to 30 years.

Features

It is a different type of Life Insurance scheme that offers a standard fixed income that varies from 10-30 years.

It offers a return bonus and terminal bonus, if any, at maturity.

Provides death benefits as well as maturity benefits.

It provides the benefit of tax exemption.

The policy period varies from 10-30 years.

Benefits of Guaranteed Funding Programs

Profit Growth

At maturity, a person who is given life insurance gets a simple refund bonus and terminal bonus, if any. In that case, the repayment period is approximately 15 years, and the insured pays a pre-determined standard percentage of the guaranteed amount.

Death benefit

In the unfortunate event of the death of an insured person at the time of paying the premium, the policy nominee receives a guaranteed base amount and refunded bonuses and a final bonus, if any. Also, payments are made for the next 15 years or as stated in the policy. In the event of the loss of insurance after the premium payment period or during payment, the nominee receives a guaranteed lump sum amount and other benefits.

Income Tax Benefits

Section 80 (C) tax deductions are available annually and exemption from Section 10 (10D) tax is available on maturity earnings, subject to the terms and conditions.

Additional Passenger

The traditional system comes with a built-in passenger that is the Accident Death Benefit Rider.

There are some traditional insurance schemes, which provide a fully guaranteed reimbursement, while some programs offer slightly guaranteed benefits. The products available at Policybazaar are fully certified by nature. In the table below we have shown a comparison showing the return rate for a few common products, calculated by a sample point model. In this table the different plans have different payment terms and policy terms and can be tailored to different needs. Therefore, this table is for image purpose only.