GUARANTEED INCOME PLAN

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Guaranteed Income Plan

The guaranteed income plans offer financial security by providing regular income for a pre-defined period at a pre-defined rate. The USP of the plan is that one can receive the income yearly, half-yearly, quarterly, or monthly.

Guaranteed Income Plans are offered by Life Insurance Companies and are designed for salaried people who fall in the age bracket of 18-60 years. The policy term extends from 10 years to 30 years.

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These plans are an excellent way to create a pension-like income for your retired life and for your family in case of an unfortunate event of your death before the end of the committed pay-out period.

Features


  • Guaranteed Income Plans are offered by Life Insurance Companies.
  • Guaranteed Income Plans are variants of life Insurance plans that offers regular income for a specified term.
  • Policy term varies from 10-30 years.
  • These plans offer vested reversionary bonus along with terminal bonus, if any, at the time of maturity.
  • These plans provide death benefits as well as maturity benefits.
  • These plans provide the benefit of tax exemption.