Guaranteed Return Plans
Know exactly what you will get, and when.
Guaranteed return plans tell you exactly how much you will receive and when, from the very first day. They suit people who want certainty and no market risk, for goals like education, a home down payment or regular income.
- Returns
- Fixed at the start
- Premium term
- 5 to 12 years
- Payout
- Lump sum or regular income
- Tax benefit
- Sec 80C and 10(10D)*
Choose the guaranteed return plans that fits you
Not sure which one is right? Tell us your situation and we'll recommend the best fit.
Guaranteed lump sum
A fixed maturity amount at the end of the term.
Guaranteed income
A fixed monthly or yearly income for 10 to 30 years.
Income + lump sum
Regular income plus a lump sum at the end.
Why people choose our guaranteed return plans advice
- Returns fixed and known from day one
- No market risk
- Life cover throughout the term
- Flexible income start dates
Know exactly what you're buying
We read the fine print for you and explain inclusions, exclusions and waiting periods in plain words.
- Guaranteed maturity or income benefit
- Death benefit to nominee
- Premium waiver options on some plans
- Conservative savers
- People planning a fixed future expense
- Retirees and those nearing retirement
- Parents planning school or college fees
- Early surrender returns less than premiums paid
- Returns are lower than long-term equity investing
- *Tax-free maturity applies within premium limits set by law
Guaranteed Return Plans premium: what decides it?
Two people buying the same guaranteed return plans can pay very different premiums. Here is what insurers look at, and how to pay less without cutting the cover you need.
What it depends on
- Age of the person or vehicle being insured
- Sum insured or cover amount chosen
- Health, lifestyle and medical history (for life and health cover)
- Add-ons and riders selected
- Claim history and no-claim bonus (for motor and health)
- City or zone, occupation and policy term
How to pay a lower premium
- Buy early: premiums are lowest when you are young and healthy
- Choose the right cover, not the cheapest or the biggest
- Compare insurers on claim record and exclusions, not just price
- Pick only the add-ons you actually need
- Renew on time to keep your no-claim bonus and waiting-period credit
Documents required for Guaranteed Return Plans
Choose your applicant type to see the checklist. Keep self-attested copies ready; we'll collect and verify them for you.
Document Proof
8 items- Aadhaar Card
- PAN Card
- Voter Card
- Driving Licence
- Utility Bill (Electricity / Water)
- Passport
- Recent Photograph
- Cancelled Cheque
Income Proof
4 items- Income Tax Return (2 yrs)
- Bank Statement (12 months)
- Current Salary Slip (if salaried)
- Form 16 (if salaried)
Document Proof
9 items- Utility Bill (Electricity / Water / Telephone)
- Bank Statement
- GST Certificate
- Udyam Certificate
- Aadhaar Card
- PAN Card
- Passport
- Recent Photograph
- Cancelled Cheque
Income Proof
3 items- Income Tax Return (2 yrs)
- GSTR (3 yrs)
- Bank Statement (12 months)
The exact list can vary by insurer and your profile. Not sure what applies to you? Our advisor will confirm in one call.
From first call to claim
Scroll through the steps to see what we do at each stage.
Expert tips before you buy
- 1Match the payout date to your goal date.
- 2Compare the guaranteed IRR across insurers; it varies.
- 3Lock in rates when they are high; they are fixed for the policy's life.
Guaranteed Return Plans: common questions
Talk to an expert today
Share a few details and we will call you back. The first consultation is free.
- Call us+91 92122 66375
- WhatsAppChat with an advisor
- Office hoursMon to Sat, 10:00 am to 7:00 pm
Request a call back
We usually respond the same working day.
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