Life and General Insurance

 

  Guaranteed Income Plan is the certification provided for your financial stability in today′s world where nothing comes with certainty. Understanding the need of financial stability, insurers have come up with this plan where guaranteed income of a pre-defined (selected by insured and insurer) percentage of Sum Assured is provided to the insured. Catering the risk-averse investors, guaranteed income plans offer life insurance along with maturity benefits and regular guaranteed payouts. The USP being, one can receive the income yearly, half-yearly, quarterly or monthly. This innovative and newer insurance product is a traditional plan that comes with bonus facility where you don′t need to worry about the ups and downs of market, rather you get to enjoy the maximized returns.

 

Features

 

• Non-Participating Traditional Plan with Guaranteed Benefits

• Limited premium paying term of 5, 8 or 10 years

• Flexibility to choose the policy term of 15 to 25 years

• Guaranteed Additions of 5.5% to 8% of Sum Assured which varies from company to company on Maturity to your maturity benefit, accrued at simple rate for each completed policy year

• The total Guaranteed Maturity Benefit will be between 220% to 325% of Sum Assured on Maturity provided all due premiums have been paid

• The flexibility to choose premium payment frequency i.e. monthly/quarterly/half-yearly/annually

• EMI available for HDFC Bank Credit Card holders.