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Guaranteed Returns Insurance Plan & its Benefits

May 19, 2020 | 2 months ago | Read Time: 3 minutes | By iKnowledge Team

What are Guaranteed Return Insurance Plans?

Guaranteed Returns Insurance plans or Traditional insurance plans are insurance plans which not only provides the policy holder with protection, but also returns a certain amount of sum, post the term period.

Term Insurance with Returns
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Features of a Guaranteed Returns Plan

Following are the key features of a guaranteed returns insurance plan:

  1. Guaranteed Returns – Total sum assured is returned to the customer upon maturity or to the nominees in case of death during the term period
  2. Tax Saving – Tax exemptions under Section 80C
  3. Risk free plan – Guaranteed Returns Insurance plans are risk free as they invest in fixed income securities
  4. Extra Bonus – Some plans like Aegon Life Insurance’s POS Guaranteed Returns Insurance Plan offer extra bonus upon maturity.

Ideal Plan to Invest

A Guaranteed Returns Plan is best suited for investors as it provides the following:

  • Growth of money, protection for family and no tension of market performance.

We all know about the importance of making money work hard for us. But where should one invest their hard-earned money now? We have all been witnessing an equity market roller coaster ride and the future continues to throw new surprises. So, what is an investor to do?

  • Cautious investors want peace of mind.

In most cases, customers want to get a guaranteed sum of money (or income). They do not want to take any risk of losing the premium amount they paid due to sudden market movements. They also want tax saving and want to pay premium for a fixed period.  

Aegon Life POS Guaranteed Return Insurance Plan

Our plan is the right answer to all these questions. We understand the needs of our customers and have designed this plan to provide substantial guaranteed returns without impact of market fluctuations. We added one big benefit – life cover – this will be secure your family’s future in your absence.

3E’s of GuarantEEEd Plans

  1. Easy: You visit our website, enter your details and get to see the Guaranteed Benefit Amount. There are no strings attached.
  • Effortless: Purchasing your policy online is fast and convenient. There is minimal paperwork which can be completed online, anytime. The entire process is completed in few minutes.
  • Economical: Buying an insurance policy online is more cost effective than an offline purchase. Your age is one of the defining factors for premium calculation. So start early and secure a low premium rate that will be fixed for the entire policy term.

Benefits of Aegon Life POS Guaranteed Returns Insurance Plan:

Maturity Benefit

Guaranteed benefits are paid out on maturity plan and this amount is informed to the policy holder before the plan is purchased. So, there is no disclaimer applicable regarding “Past performance”

Death Benefit

In case of death of the person insured, the death benefit is paid out to the nominee. This is a big benefit available only with life insurance

Income Tax Benefit

The premium paid by the policy holder and maturity/death benefits received are eligible for tax benefits as per prevailing Income Tax law

Flexibility in Premium Payment

The policyholder gets the option to pay premium for a limited period and get cover for a longer policy term.

No Medicals

These plans are available online and can be bought in a matter of minutes. There is no medical test required. Customers can buy the plan and submit the document online for quick issuance of the policy.

ADVT No: II/May 2020/5633


iTerm Plan

Life Insurance Plan with 3 Options to Choose from

  • Life Protect (Life cover till age 100 years)
  • Protect Plus (5% Automatic Increase of life cover)
  • Dual Protect (Protection + Regular Income)
iTerm Plus Plan

Life Insurance Plan with 4 Options to Choose from

  • Life Plan
  • Life Plus Plan
  • Life & Health Plan (10 Critical Illnesses covered)
  • Life & Health Plus Plan (36 Critical Illnesses covered)
iInvest Plan

iInvest Plan with 3 Options to Choose from

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