Aim for Guaranteed Return With these Best Investment Options
Many investors can be risk-averse and don’t like the market volatilities to affect their investments. Such investors should invest in options that can generate guaranteed returns keeping their principal investment corpus safe.
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Nobody can work till death to earn money. Everyone deserves a happy and blissful retirement after living a life full of competition and professional challenges. However, happy retirement is not possible without financially securing your future.
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You can better plan your financial future if you know beforehand how much return you will need and the investment options to achieve the target.
Guaranteed Return Plans
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Guaranteed return plans are insurance plans that offer assured returns on the invested amount on maturity. While most of these plans provide insurance coverage, some plans can provide the option of choosing no death benefits to provide a higher pension amount to the policyholder.
Salient Features of Guaranteed Return Plans
Assured Returns
Since the return on maturity is fixed at the time of purchasing the plan, the policy buyer knows in advance how much premium he/she will have to pay to get the desired maturity amount. This makes financial planning easier for the individual. How can you know about bset website time2business and visit here site newsmartzone and or more visit here site cpanews
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Lower Risk on Investments
Such plans are not linked to market volatilities. Therefore, the amount invested in such plans remains unaffected from sudden stock-market crashes, global crises, or national macroeconomic factors.
Pension
Some guaranteed return plans can provide the option of regular pension payout to the policyholder after retirement. Hence, the policyholder can have a regular stream of income post-retirement, which makes financial planning easier during the sunset years.
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Income Tax Exemptions
Such plans can also become an effective tax saving instrument as you can claim income tax exemptions under section 80C or section 10(10D) over the premium paid toward such plans.
Additional Benefits
Some of these plans can come with additional benefits such as premium waivers, accrued bonuses, loans against the policy and much more.
Types of Guaranteed Return Plans
Annuity Plans
Annuity plans are one of the best investments to create a lifelong pension source without worrying about declining bank interest rates. In such plans, an individual makes a single premium payment to purchase the policy. The insurance firm then further invests this premium amount in different investment options to generate a regular fixed income for the buyer.
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The risk of the investment returns is bored by the insurance firm, and the policy buyer keeps getting an assured income for life.
Types of Annuity Plans
Immediate Annuity Plan
The annuitant starts receiving a regular pension immediately after purchasing the policy.
Deferred Annuity
The annuitant chooses a deferment period of 1 to 10 years after purchasing the policy. The regular pension payouts begin once the deferment period is over.
Endowment Life Insurance Plans
Such plans require the insured person to either pay a lump sum amount at the beginning of the policy tenure or pay for 5 or 7 years at a frequency of his/her choice. The insured person will get a lump sum amount on the maturity of the policy.
You can purchase a good endowment plan such as the HDFC life guaranteed savings plan at very affordable premiums starting from Rs 430 per month.
Guaranteed return plans can work wonders for your investment portfolio if you stay put for a long time and let your money compound at a steady rate. These plans not only keep your hard-earned money safe but also work silently in the background to stabilize your finances in future.
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