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Whether you are a working professional or a businessman, financial security is something that we all look for. This is why many people focus on saving their hard-earned money as much as they can. However, does it help in making their money double? Well, the answer is no. If you are the kind of a person who wants to increase your money rather than saving, you should focus on investing to create wealth. And when you consider investing funds, you can choose a guaranteed return investment plan. Curious to know what a guaranteed return investment plan is? Let us discuss it today.
A guaranteed return investment plan is basically a type of investment plan that enables investors to get a good return on their investment. This return is guaranteed. This type of investment plan is good for people who are not very open to the idea of a high-risk investment. Therefore, no matter what the market condition is, if you are putting money in guaranteed return investments, you will surely get the returns.
Making investments in guaranteed returns is one of the best ways to create a wealth corpus. Over a certain period of time, this investment will give you a fixed rate of return. You would be glad to know that there are many types of guaranteed investment plans available in the market. A few of the common types are mentioned herein below:
A Fixed Deposit (FD) is a type of investment plan that you can open in a bank or post office. You can invest your money in an FD for a certain time, which is fixed. After the period is over, you will get the money along with the interest amount.
Public Provident Fund is offered by the Government of India, and is a long-term plan. The lock-in period of this plan is 15 years and is fixed. However, the plan provides a guaranteed rate of return. Since it is backed by the government of the country, it is free of any risk.
Also Read: EPF vs PPF vs VPF: Which one is better?
With a Guaranteed Annuity Plan, you can avail of a regular income for a certain period. As an investor, you would be required to pay a lump sum amount to an insurance company. In return, the insurance company will provide a guaranteed income with a fixed rate of interest.
National Savings Certificate is also offered by the Government of India. Over a fixed period, you can get a fixed rate of return. It is a completely safe investment option as it is supported by the Indian Government.
There are some types of life insurance policies, such as whole life and endowment plans that come with guaranteed returns. This source of income is steady and you can meet your long-term financial goals.
|Name of the Company||Name of the Plan||Policy Term||Premium Amount/Year (approx.)|
|Edelweiss Tokio Life Insurance||Edelweiss Tokio Life GCAP||10 to 30 years||INR 31425|
|HDFC Life Insurance||HDFC Life Sampoorn Samridhi Plus||15 to 40 years||INR 29548|
|Max Life Insurance||Max Life Guaranteed Lifetime Income Plan||5 to 40 Years||INR 34850|
|Star Union Dai Ichi Life Insurance||Star Union Dai Ichi Guaranteed Money Back Plan||10 years,15 years, 20 years||INR 32700|
|Exide Life Insurance||Exide Life Guaranteed Wealth Plus||Lump-Sum Variant-15 years,12 years Income Variant-37 years||INR 36954|
|PNB MetLife Insurance||PNB MetLife Guaranteed Income Plan||5 years, 10 years||INR 36489|
|IndiaFirst Life Insurance||IndiaFirst Life Guaranteed Income Plan||5, 6,7,10 years||INR 32458|
There are certain factors that you should keep in mind while purchasing a guaranteed return plan. Here are they mentioned below:
If you are looking for a worry-free investment option, you should go for guaranteed returns investment plans. You can rest assured that your money will be safe and you will get the highest possible returns.
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Some of the plans that offer guaranteed returns are National Pension Scheme, Fixed Deposits, Public Provident Fund, etc.
The safest guaranteed return investment plan is the Certificate of Deposit.
As a long-term investment plan, Direct Equity is the best option.
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The Smart Guaranteed Savings Plan from SBI is a traditional non-participating individual plan. It guarantees assured savings through loyalty add-ons to enhance accumulated sums of.
Whether you are a working professional or a businessman, financial security is something that we all look for. This is why many people focus on.
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