There are wide-range of investment products with assured returns, it becomes difficult to choose between them. Let us take a look at some popular FD and GRP products.
Both Fixed Deposits and Life insurance Plans offer guaranteed return on investment.FDs are safe and secured options of investment that offer assured returns with fixed interest rates.
Life insurance provides financial security for a policyholder's family after their sudden death.
There are several types of life insurance plans included Endowment and Money-Back Policies. Money-Back Policies offer regular income with death benefit, while endowment plans provide a lump-sum at maturity. Traditional plans may offer guaranteed benefits and bonuses.
FD - 1 to 5 years
Grp - for 10 and more years
Grp - it depends on age, sum assured, and health
Fd - fixed return on investment
Grp - good return at maturity
Fd - may affect its ROI
Grp - 3-year lock-in period.
Fd - no tax benefits
Grp - good tax benefits