Guaranteed Savings Plans | Compare Across Top Insurers

Guaranteed Savings Plans: Know the Real Return

These plans promise a fixed amount at maturity along with life cover. The total maturity amount often looks large, but what matters is the yearly return over your full holding period. We work it out from the benefit illustration and compare plans across insurers.

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Who it suits

Savers who do not want market risk
Parents with a fixed future goal like education or marriage
People who want disciplined yearly saving with life cover

Common mistakes

Judging by the total maturity amount, not the yearly return
Choosing a paying term you cannot continue
Ignoring low surrender value in early years
Not checking the tax rule for high premiums

What we check

Real return (IRR) from the benefit illustration
Guaranteed and non-guaranteed parts
Surrender value and loan facility
Life cover amount and riders

Watch: Detailed Video Explanations

Guaranteed Savings & Income Plans: full playlist on YouTube

Frequently asked questions

Is the maturity amount really guaranteed?

In non-participating guaranteed plans, the benefits stated as guaranteed are fixed, provided all premiums are paid. Any bonus or non-guaranteed part can vary.

Is the maturity amount tax-free?

It depends on the premium, the policy issue date and current tax rules. For example, for non-ULIP policies issued on or after 1 April 2023, maturity can be taxable if the total yearly premium is above ₹5 lakh. We check this for your case.