Guaranteed Income Plans
Maintaining financial stability, now a days, is becoming quite difficult. Understanding the need of financial stability, insurers have come up with guaranteed income plan. Catering to the risk-averse investors, guaranteed income plans offer life insurance along with maturity benefits and regular guaranteed payouts This plan offers financial security by providing regular income that is 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 you need not worry about the ups and downs of market, rather you get to enjoy the maximized returns.
Best Traditional Plans in India
Guaranteed Income Plan is designed for salaried people who fall in the age bracket of 18-60 and policy term for them extends from 10 yrs to 30 yrs.
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
Policy term varies from 10-30 years