Table of Contents
Which is the best Guaranteed savings plan?
Best Traditional Plans in India
| Plan Name | Plan Type | Entry Age |
|---|---|---|
| Bajaj Allianz Save Assure | Endowment plan | 1-60 years |
| Bharti AXA Aajeevan Sampatti + | Endowment Plan | 91 days-60 years |
| Birla Sun Life Vision Endowment Plan | Endowment Plan | 1-55 years |
| Canara HSBC OBC Smart Stage MoneyBack Plan | Money Back Plan | 8 – 55 years |
What is sum assured in Icici Prudential?
A sum assured is a fixed amount that is paid to the nominee of the plan in the unfortunate event of the policyholder’s demise. The insurance company pays this money as per the sum chosen by you at the time of purchasing the policy.
What is Icici Prudential Guaranteed savings Insurance Plan?
Guaranteed Savings Insurance Plan (GSIP) from ICICI Prudential Life Insurance is an endowment policy which guarantees the return of premiums paid at 5\% per annum on death of the policy holder. This is a non unit-linked insurance plan which offers limited premium paying option.
Which is the best policy in Icici?
Comparison of different types of life insurance plans
| Term life insurance policy | Endowment life insurance policy | |
|---|---|---|
| Maturity benefits | No maturity benefits | Offers maturity benefits |
| Death benefits | Offers death benefits | Offers death benefits |
| Purpose | Provides pure risk cover | Provides insurance cover plus low risk savings |
Which scheme gives more interest?
Comparison table
| Scheme | Duration | Rate of Interest* |
|---|---|---|
| NSC | 5 years | 6.8\% p.a. |
| Post Office Monthly Income Scheme | 5 years | 6.6\% |
| Senior Citizens Savings Scheme | 5 years | 7.4\% p.a. |
| Kisan Vikas Patra | 124 months (10 years and 4 months) | 6.9\% p.a. |
Which post office saving scheme is best?
Comparison of the various Post office savings schemes
| Scheme | Interest Rate | Minimum Investment |
|---|---|---|
| National Savings Certificates (NSC) | 6.8\% p.a. (Compounded annually) | Rs 100 |
| Kisan Vikas Patra (KVP) | 6.9\% p.a. (Compounded annually) | Rs 1,000 |
| Sukanya Samriddhi Accounts | 7.6\% p.a. (Compounded annually) | Rs 1,000 per financial year |
Is sum assured guaranteed?
1. What is the Sum Assured? The sum assured is the guaranteed amount that the beneficiary of your life insurance policy will receive in case of your death. The sum assured is also known as the coverage or the cover of your insurance policy.
What is the difference between sum assured and maturity amount?
The sum assured is the amount of money an insurance policy guarantees to pay up before any bonuses are added. In other words, sum assured is the guaranteed amount the policyholder will receive. Maturity value is the amount the insurance company has to pay an individual when the policy matures.
What is assured savings insurance plan?
ICICI Pru Assured Savings Insurance Plan is a non-linked non-par life individual savings product. It gives you guaranteed savings benefit to meet your goals like child’s education & comfortable retirement or see your family through future emergencies.
What is assured saving plan?
ABSLI Assured Savings Plan provides life insurance cover and savings benefits to safeguard your family members from financial crisis in case of an unfortunate event, while helping you accumulate lumpsum benefits to achieve all your dreams.