Guaranteed Return Plans

In today’s day and age, maintaining financial stability has become quite difficult for most of the individuals. Understanding the requirement of financial stability in an individual’s life, the insurance companies have come up with guaranteed income plans. The guaranteed income plans are specifically designed to cater to the requirements of the risk-averse investors and offers them the benefit of life insurance along with maturity benefits and regular guaranteed payouts. The guaranteed income plan offers financial security by providing regular income at a pre-defined percentage (selected by insured and insurer) of Sum Assured. The USP of the plan is that one can receive the income yearly, half-yearly, quarterly or monthly. This innovative insurance product is a traditional plan that comes with bonus facility, where the insurance holders are not required to worry about the ups and downs of market; rather they get to enjoy the maximized returns.

Fixed Return Option Comparison

FIXED RETURN INSTRUMENT

MAX RETURN OFFERED

LIFE COVER

TAX SAVING

TAX FREE MATURITY

Guaranteed Plan (By Insurance Companies)

7.5%*

(10 Years)

Highest Returns

(Under 80C)

10(10D)

Bank FD’s

6.75%**

(5-10 Years)

Other Popular Options(PPF)

7.1%***

(15 Years)

(Under 80C)

* Applicable for Titanium variant of Max Life Smart Fixed-return Digital (Premium payment of 5 years, Policy term of 10 years) and a healthy male of 18 years old paying Rs. 20,000/- monthly (exclusive of all applicable taxes)

** Fixed deposit rate applicable for 5 year’s 1 day to 10 years for investment amount less< 2 Crore ( Not for senior citizens), PPF interest rate applicable for 15 years for investment amount up-to 1.5 Lac

*** PPF interest rate applicable for 15 years for investment amount upto 1.5 Lac

Get Guaranteed returns along with life cover

invest in 100% Guaranteed Return Plans Tax benefits under sec 80C & No Tax on returns*

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Best Traditional Plans in India

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

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Disclaimer: Policybazaar does not rate, endorse or recommend any specific insurance provider or insurance product offered by any insurer.

Eligibility

Guaranteed Income Plans are designed for salaried people who fall in the age bracket of 18-60 years and policy term for them extends from 10 years to 30 years.

Features

It is a variant of life Insurance plan that offers regular income for a specified term varying from 10-30 years.
Offers vested reversionary bonus along with terminal bonus, if any, at the time of maturity.
Provides death benefits as well as maturity benefits.
Provides the benefit of tax exemption.
Policy term varies from 10-30 years.

Benefits of Guaranteed Income Plans

Maturity Benefit

At the time of maturity, the life insured receives the simple reversionary bonus along with terminal bonus, if any. In case, the payout period is approximately 15 years, then the insured is paid the regular amount which is pre-defined percentage of sum assured.
Death benefit

In case of unfortunate event of death of the insured during premium paying term, the nominee of the policy receives the basic sum assured amount along with the reversionary bonuses and terminal bonus, if any. And, the payouts are carried for the next 15 years or as mentioned in the policy. In case of demise of the insured after premium paying term or during the payout period, the nominee receives the sum assured amount along with the other benefits.
Income Tax Benefits

Tax deduction under Section 80(C) is available every year and tax exemption under Section 10(10D) is available on the maturity proceeds, subjected to the terms and conditions.
Additional Rider

The traditional plan comes with an inbuilt rider i.e. Accidental Death Benefit Rider.

There are some traditional insurance plans, which offer fully guaranteed returns, whereas the other plans offer partially guaranteed returns. The products available at Policybazaar are fully guaranteed in nature. In the below mentioned table we have shown a comparison that indicates the rate of return for few traditional products, which is computed at a sample modal point. In this table different plans have different pay terms and policy terms and can be suitable for different needs. Thus, this table is only for the purpose of illustration.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Here is how the rate of return of Sanchay Plus product have reduced over last few months due to declining interest rate regime in India

Date	Sanchay Plus Guaranteed Income
	Premium Payment Term:10 years	Premium Payment Term:12 years
Aug' 2019	200% of Annualised Premium	225% of Annualised Premium
Dec'2019	195% of Annualised Premium	217% of Annualised Premium