HOW TO AVOID MARKET UNCERTAINTIES AND GET GUARANTEED RETURNS

When investing in instruments linked to the stock market, there is always an element of risk. Based on the market fluctuations, the instrument you’ve invested in will earn or lose money. Given the current situation, everyone needs to be prepared to withstand market volatility. But as the markets yo-yo between the red and black lines, how do you ensure that your financial goals and personal dreams are fulfilled? To protect yourself from the volatility of market performances, it is prudent to invest in guaranteed¹ return insurance plans.

 

The guaranteed¹ return insurance plan is a unique combination of a savings plan and life insurance that will enable you to save for the milestones you want to achieve in life. Guaranteed¹ return plans offer you the benefits of insurance coverage with a savings component. Your well-defined life goals will be adequately protected at every stage of life without you having to compromise on your basic needs. A guaranteed¹  Insurance plan will help you reach your medium- and long-term goals such as marriage, buying a home, children’s education, retirement, etc. Guaranteed¹ payouts eliminate the effects of market uncertainties on your investments. Therefore, they help you meet future requirements while providing protection and financial security for your loved ones.

 

It is important to study the benefits of the guaranteed¹ insurance plan to understand whether it works for you as an investment instrument. The benefits of the plan are:

 

Guaranteed¹ Returns

 

The primary purpose of these plans is to ensure guaranteed¹returns. These plans are independent of the market, i.e., market fluctuations will not determine whether you will receive these returns. Depending on which company’s guarantee¹ insurance plans you invest in, you may even be offered the flexibility to choose between a lump-sum payment or you can opt for regular income. As an investor, you will receive a guaranteed¹ maturity benefit or death benefit with accrued guaranteed¹ additions.

 

The Flexibility of a Guaranteed¹ Return Plan

 

With time, your life and financial goals will evolve. Planning for a combination of unknown financial requirements and life’s uncertainties is a challenge. To counter this, you can opt for a guaranteed¹ return plan that offers you the flexibility to select the income period, the frequency of income, and the type of income you receive. For example, you can invest in a plan that offers you the option to receive regular income or regular income with an in-built critical illness benefit, including an option to receive this income monthly or annually for a period of 20-45 years. Such plans will be based on your requirements. The flexibility of such guaranteed return insurance plans provides a buffer against unexpected expenses.

 

Flexible Premium Payments

 

Many guaranteed¹ return insurance plans offer flexible premium payment options. You can choose to pay premiums for single and limited periods. You can even pay them annually, semi-annually, quarterly, or monthly, based on your financial status and the guaranteed¹ return insurance plan you invest in.

 

Combination of Savings & Protection

 

As a savings plan, the guaranteed¹ return insurance plan is a wise option that allows you to save for your life goals. Additionally, all guaranteed¹ return plans in India offer insurance coverage for the protection of your loved ones. Some plans even offer coverage for spouses. By investing in a guaranteed¹ return insurance plan, you can ensure your life goals are met and your loved ones’ financial future is secured.

 

Affordable Investment Instrument

 

The guaranteed¹ return insurance plan is an affordable investment instrument for investors looking to minimize the risk with guaranteed¹ returns. The minimum investment for these plans usually starts low, making them an affordable alternative to save for your dreams and your family’s secure financial future.

 

Extra Protection with Riders^#

 

The guaranteed¹ return insurance plans allow you to avail of enhanced protection through optional riders. Riders such as waiver of premium, critical illness, disability riders, accidental death, dismemberment, etc., when added to your plan, boost the protection of your coverage. The purpose of these riders is to support you financially through hardships like critical illnesses or disabilities.

 

Loan Facility

 

Several plans offer you the option to avail of a loan against your guarantee return policy. In case of a financial crunch, the plan can be your savior, where you are eligible to take a loan that helps you meet your financial requirements.

 

Tax^* Benefits

 

We always look for investment instruments that are not taxed heavily or offer tax benefits. The guaranteed¹ returns insurance plan is one such investment instrument. Under Section 80 (C) of the Income Tax Act 1961, your premiums are exempt up to ₹ 150,000. The maturity amount is also exempted from tax under Section 10 (10D).

 

The benefits of the guaranteed¹ return insurance plan are manifold. Plans like the Tata AIA Life Insurance Guaranteed Return Insurance Plan (UIN:110N152V07) offer the flexibility to choose from three different plan options - the endowment plan, regular income plan, and the whole life income plan. Each plan has specific features that could offer you additional benefits based on your financial standing, life goals, and your family’s needs.

 

You can also checkout the Tata AIA Life Insurance Fortune Guarantee Plus (UIN: 110N158V02) is a flexible long-term savings insurance policy that offers guaranteed¹ returns. It can be treated as an insurance-cum-savings plan that offers the dual benefits of life cover along with assured returns on investments. The policy also ensures the return of the premium amount paid after maturity.

 

With guaranteed¹ return insurance plans that take care of your future and your loved ones, you won’t need to track market performance and worry about the fluctuations. Especially for investors who are nervous about taking more risks but still want to invest and save for a brighter future, guaranteed¹ insurance plans are the best choice for them. The minimum age of investing in a plan varies from 0 to 45, giving you multiple opportunities to make this investment instrument a part of your portfolio. The guaranteed¹ return insurance plans enable you to dream freely, knowing that in time, they will be a reality.

L&C/Advt/2021/Aug/1383