Skip to main content

Guaranteed Returns Insurance Plans

Invest Guaranteed Returns Insurance Plans Online
 
 
 

In life, there are no guarantees. You go to the market, and find that all products are there on warranty. But, here is something which offers you a guarantee.Yes, we are talking about a few select life insurance plans which offer you guaranteed returns. Let's take a look at them.

HDFC Life Classic Assurance Plus

Under this plan, you get guaranteed benefits of sorts. The best part is that you have to pay premium for a limited period of time and then reap benefits over a period of time.

 

The premium paying terms are 7 years and 10 years. But the policy term is double of that period. For instance, if you choose premium payment period as 7 years, you can extend your life insurance coverage period to 15 years.

Wondering, that you will lose money during the remaining period? No, your premium amount will keep accumulating returns during this period. After the expiration of the policy term, you get the fund back along with accumulated returns.

The benefits are not limited to this. You are also provided guaranteed returns in the form of revisionary bonus amount during the premium payment term. This amount is usually kept at 3 per cent at the minimum and may go north, depending on the market movement.The sum assured, under this plan, can be 10 times of the annualized premium.

The minimum entry age for a 10 year policy term is 8 years. This age limit is further relaxed to 3 years, when you extend the policy term to 15 years. If you go with a 20 years policy term, even a new born can be covered under the policy. In this case, the minimum entry age is just 30 days. Isn't it amazing?

Wish to know about more advantages?

Okay, here are a few more. You can go for a monthly installment plan which starts from Rs 1,000. The minimum yearly annual premium is Rs 12,000. There are various frequencies under which you can pay up your premium amount comfortably. This includes quarterly and half-yearly.

If at any point in time, you wish to change the frequency, just log in to your online account and file an application. Otherwise, you can simply visit any HDFC Life branch and get the change impacted under your policy.

What if you require funds in an emergency situation? There are ways. Once your policy reaches the surrender value, you can avail a loan of up to 80 per cent of the total value. So, that was HDFC Life Classic Assurance Plan.

Now, let's take a look at Aegon Religare i-Guarantee plan.

 

The basic features of this plan are similar to HDFC ones. So, we will talk about the offerings which are a bit different.

Firstly, the plan offers you guaranteed maturity benefit of 135 per cent of the annualized premium. Yes, you are reading it right and we have not written it erroneously, that's guaranteed!

In order to get this superb benefit, you have to pay your premium at least for 6 years. Let's take an example.

You pay premium of Rs 1 lakh for 6 years. How much you pay in 6 years? Rs 6 lakh. Now, after 6 years, you can claim maturity benefit of Rs 8.10 lakh. This comes to Rs 2.10 being the return on your investment of Rs 6 lakh. This is the guaranteed pay out.

The minimum entry age of this plan is 12 years, and maximum is 50 years.

Also, you cannot invest more than Rs 2.50 lakh in this plan, in a year. So, these are some of the limitations. Also, the premium payment term is 6 years at the minimum.But given the benefits, you should consider these plans seriously, and analyses them diligently.

If you wish to compare them more objectively on a dynamic platform

Both the aforementioned plans are eligible for tax deductions of up to Rs 1,50,000 under section 80C of the Income Tax Act.

So, just burry your worry and start putting your savings in the right direction.

-----------------------------------------------
Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds

Top 10 Tax Saving Mutual Funds to invest in India for 2016

Best 10 ELSS Mutual Funds in india for 2016

1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. Franklin India TaxShield

4. ICICI Prudential Long Term Equity Fund

5. IDFC Tax Advantage (ELSS) Fund

6. Birla Sun Life Tax Relief 96

7. DSP BlackRock Tax Saver Fund

8. Reliance Tax Saver (ELSS) Fund

9. Religare Tax Plan

10. Birla Sun Life Tax Plan

Invest in Best Performing 2016 Tax Saver Mutual Funds Online

Invest Online

Download Application Forms

For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

---------------------------------------------

Leave your comment with mail ID and we will answer them

OR

You can write to us at

PrajnaCapital [at] Gmail [dot] Com

OR

Leave a missed Call on 94 8300 8300

-----------------------------------------------

Popular posts from this blog

Birla SunLife Manufacturing Equity Fund

The Make in India program was launched by Prime Minister Naredra Modi in September 2014 as part of a wider set of nation-building initiatives. It was devised to transform India into a global design and manufacturing hub. The primary motive of the campaign is to encourage multinational as well domestic companies to manufacture their products in India. This would create more job opportunities, bring high-quality standards and attract capital along with technological investment to bring more foreign direct investment (FDI) in the country.   Why India as the next manufacturing destination?   The rising demand in India along with the multinational's desire to diversify their production to include low-cost plants in countries other than China, can help India's manufacturing sector to grow and create millions of jobs. In the words of our Honourable Prime Minister- Mr. Narendra Modi, India offers the 3 'Ds' for business to thrive— democracy,...
Read more

Total Returns Index brings out real Equity Funds Performers

From February, equity mutual funds have to change their benchmarks to account for dividend payments. Until now, funds used price-based benchmarks alone. TRI or total return indices assume that dividend payouts are reinvested back into the index. What this does is lift the overall index returns, because dividends get compounded. For example, the Sensex TRI index will consider dividend payouts of its constituent companies while the Nifty50 TRI index will consider dividends of its constituents. Using TRI indices as benchmarks comes on the argument that an equity funds earn dividends on the stocks in its portfolio, which they use to buy more stocks. Therefore, using an index that also considers dividend reinvestment would be a more appropriate benchmark. Shrinking outperformance With a stiffer benchmark, it is obvious that the margin by which an equity fund outperforms the benchmark would shrink. Rolling one-year returns from 2013 onwards, the average margin by which largecap funds out...
Read more

Stock Review: Havells

HAVELLS India's stock performance has been muted in the past three months, in line with the weak broader market. But, given the turnaround in its overseas subsidiary and the launch of new products in its consumer durable business, the company's stock may undergo a re-rating.    Havells is India's leading consumer electrical goods company, with consolidated sales of . 5,527 crore in the past four quarters. Its wholly-owned subsidiary Sylvania, which makes lighting and fixtures, has established brands in European, Latin American and Asian markets. Sylvania repre sented nearly half of the company's consolidated revenues in the first half of FY11.    Sylvania's poor financials hit Havells' consolidated performance in FY10. But, this has changed in the cur rent fiscal. Havells has reduced fixed costs of Sylvania by exiting from unprofitable businesses and outsourcing manufacturing to low-cost locations such as India and China. In the September 2010 quarter, Sylv...
Read more

Kisan Vikas Patra - KVP

  Kisan Vikas Patra (KVP) First launched in 1988, the Kisan Vikas Patra (KVP) is one of the premier and popular saving scheme offering from the Indian Postal Department. This product has had a very chequered history- initially successful, deemed a product that could be misused and thus terminated in 2011, followed by a triumphant return to prominence and popular consumption in 2014. The salient features of KVP are as follows- The grand USP- Money invested by the applicant doubles in 100 months (8 years, 4 months). KVPs are available in the following denominations- Rs.1000, Rs.5000, Rs.10,000 and Rs.50,000. The minimum purchase value for the KVP is Rs.1000. There is no maximum limit. KVPs are available at all departmental post offices across India. These certificates can be prematurely encashed after 2 ½ years from the point of issue. KVPs can be transferred from one individual to another and from one post office to another. ----------------------------------------------------- Inve...
Read more

Mutual Fund Review: Reliance Regular Savings Equity

    Despite high churn, Reliance Regular Savings Equity has managed to fetch good returns   In its short history, this one has made its mark. Though its annual and trailing returns are amazing, the fund started off on a lousy note (last two quarters of 2005). It managed to impress in 2006 and was turning out to be pretty average in 2007, till Omprakash Kuckian took over in November 2007 and wasted no time in changing the complexion of the portfolio. Exposure to Construction shot up to 28 per cent with almost 21 per cent cornered by Pratibha Industries and Madhucon Projects . Exposure to Engineering was yanked up (18.50%) while Financial Services lost its prime slot (dropped to 6.69%) and Auto was dumped. That quarter (December 2007), he delivered 54.66 per cent (category average: 25.70%).   When the market collapsed in 2008, thankfully the fund did not plummet abysmally. But even its high cash allocations could not cushion the fall which hovered around the category average. ...
Read more
Related Posts Plugin for WordPress, Blogger...
Invest in Tax Saving Mutual Funds Download Any Applications
Transact Mutual Funds Online Invest Online
Buy Gold Mutual Funds Invest Now