An Introduction to Guaranteed Return Plan
Guaranteed return plans ensure guaranteed returns on your investment. However, failing to pay regularly during the tenure of investment period will lead to dilution of guarantee, rendering the policy invalid.
How does it work?
A GRP is an insurance plan that requires you to pay regular premiums, annually, quarterly or monthly, depending on the scheme you have invested in. A small pie of GRP is used to provide life coverage whereas the remaining sum is used for smart investment to ensure gradual returns. If any unfortunate event happens to you, the payout will be handed over to the beneficiary you mentioned on paper.
Why You should invest in a guaranteed returns plan
Financial Goals: You will have to make regular investment for steady income flow. If you are currently in a tight condition, you have the luxury of investing more to secure your financial future.
Rosy Days for Your Family: These schemes have insurance included in them. These plans serve as a stable source of steady income flow even when you are no more. These are a huge support to ensure well-round growth for your financial future.
Risk-Free Investment: Your investment stays immune to market fluctuations. The amount of your investment in a GRP keeps snowballing in a low-risk manner, ensuring the return promised in the plan.
