Guaranteed Returns Plan
A guaranteed returns plan helps you save for your future goals, such as retirement or your child's higher education, while at the same time providing insurance cover to fulfill your goals and promises!*
Guaranteed returns plans are life insurance plans that offer protection along with assured returns on maturity. These are comprehensive plans that combine savings and investment options so that policyholders can plan their future goals based on their investment horizons. As specified in the policy, the policyholder will receive the sum assured along with guaranteed returns at a later date. In case of the policyholder’s untimely demise, the insurer will pay the death benefit to the nominee. As specified in the policy on the maturity date of the policy, if all premiums are paid, the Guaranteed Sum Assured on maturity plus Guaranteed Additions, under the policy, will be paid and the policy will terminate. In case of unfortunate death of the Life Assured, the death benefit is payable to the nominee(s)/beneficiaries.
Benefits of Guaranteed Returns Plan
Suitable for risk-averse investors
In investing, guaranteed returns policies are much safer than other types of investments. They are more suitable for risk-averse investors looking for guaranteed returns.
Life Insurance Cover
Provides life insurance cover during the policy term. It pays the death benefit to the beneficiary in case of the policyholder’s demise.
Goal Planning
A guaranteed returns plan inculcates discipline in savings and thereby securing your funds by regularly putting aside a fixed sum of money for safeguarding one’s future. Along with insurance cover, the policyholder will receive the lump sum payout when the policy matures.*
Tax benefits*
For all the premiums you pay, you are entitled to get tax exemption under Section 80C of the Income Tax Act, 1961. Moreover, the guaranteed returns plan payouts are also exempted under Section 10(10D).
*Tax benefits are subject to changes in tax laws.
Why Should You Invest in a Guaranteed Returns Plan?
Have enough money to handle your financial plans at the plan’s maturity
Similar to an Income insurance policy
Helps generate savings for the future
Income security, tax benefits, and complete life coverage
Top Features of a guaranteed returns Policy
Death along with policyholder survival benefits
In case of the insured’s unfortunate demise, the nominee gets the death benefit along with bonuses (if any). A policyholder is also entitled to the sum assured in case they outlive the policy tenure.
Higher returns on savings
One must recognize that a guaranteed returns policy helps build a corpus for the future and also provides financial protection for one’s family.
Payment frequency
Depending on the insurance policy chosen, the insured can pay the premium.
Loan facility
Guaranteed returns policyholders can borrow against their policies whenever they need a loan, usually without needing collateral to secure the loan*.
*Terms and conditions apply
Death along with policyholder survival benefits
In case of the insured’s unfortunate demise, the nominee gets the death benefit along with bonuses (if any). A policyholder is also entitled to the sum assured in case they outlive the policy tenure.
Higher returns on savings
One must recognize that a guaranteed returns policy helps build a corpus for the future and also provides financial protection for one’s family.
Payment frequency
Depending on the insurance policy chosen, the insured can pay the premium.
Loan facility
Guaranteed returns policyholders can borrow against their policies whenever they need a loan, usually without needing collateral to secure the loan*.
*Terms and conditions apply
Blogs and Related reading
Got questions?
Read on to find out more!
What is a free-look period? 
What is the difference between Term Life Insurance policy and Guaranteed Returns policy?
Can I buy this policy for my family members or others?
How do I build my plan?
PhonePe Insurance Broking Services Private Limited. IRDAI Direct Broker (Life & General)
Reg. 766 and Broker Registration Code IRDA/DB 822/20 Valid till 10/08/2024.
Regd. office - Office-2, Floor 4,5,6,7, Wing A, Block A,Salarpuria Softzone, Service Road,
Green Glen Layout, Bellandur, Bengaluru, Karnataka-KA, Pin- 560103
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