Guaranteed Savings Plan - The New Investment Channel
While hunting for investment options, we are often motivated by a subtle desire of higher returns in a time-bound manner with a significantly disproportionate volume of the monies invested. In simpler terms, a higher return against a low risk is what sounds to be the perfect definition of a good investment. However, given the way things work when it comes to investments and the related market risks – this is not always so.
Traditionally, it has been observed and even stressed that a high risk venture is a win or lose game game – it can either yield higher profits or may lead to a significant loss. Therefore, traditional investment plans has always emphasized the value of term of an investment or the number of years for which an investment corpus must be built without any withdrawal or lapse. This certainly holds true because trusted and tested best investment policies work on the principle of compounding and the fact that small amounts of capital pooled in regularly over time and the compounding of the entire corpus over that time (usually in annual terms), attains a huge value upon maturity.
For any long term investments, a responsible and informed investor considers the factors of time lapse and inflation as well as the frequency of continuous investment. The number of years for which an investment plan is held, the premiums involved and the maturity terms of the plan – these factors decide the ultimate pay out at the time of maturity. Yet the fact is that the amount of lump sum can at best be projected precisely. What if a plan goes a step further and actually lets you know the exact amount of lump sum benefit that you will be entitled to upon the maturity of that plan?
HDFC Life presents the HDFC Life Guaranteed Savings Plan – a non-participating endowment plan that seeks to secure you and your loved ones financially and is aimed at creating a corpus for you at the time of maturity. It is a unique plan in the sense that the maturity value is declared at the outset and thus, you know your due entitlement after paying the due premiums, at the time of maturity of the plan. Moreover, this plan is comprehensively exempted from any medical examination or check up and gives due credit to self-declared health statement. The payment process of premiums is highly flexible, with you getting to choose from the options of paying once or in 5-7 years at a self-chosen frequency.
For further details, click on the mentioned link: https://www.hdfclife.com/savings-investment-plans/pos-guaranteed-savings-plan.
Related Articles
- How inflation erodes savings over the years?
- Features of Savings Insurance Plans that You Should Know
- Compare Investment and Savings Plans
Term Plan Articles
Investment Articles
Savings Articles
Life Insurance Articles
Tax Articles
Retirement Articles
ULIP Articles
Subscribe to get the latest articles directly in your inbox
Health Plans Articles
Child Plans Articles
Popular Calculators
Here's all you should know about life insurance.
We help you to make informed insurance decisions for a lifetime.
HDFC Life
Reviewed by Life Insurance Experts
HDFC LIFE IS A TRUSTED LIFE INSURANCE PARTNER
We at HDFC Life are committed to offer innovative products and services that enable individuals live a ‘Life of Pride’. For over two decades we have been providing life insurance plans - protection, pension, savings, investment, annuity and health.
Popular Searches
- Term Insurance Calculator
- Investment Plans
- Investment Calculator
- Investment for Beginners
- Best Short Term Investments
- Best Long Term Investments
- 5 year Investment Plan
- savings plan
- ulip plan
- retirement plans
- health plans
- child insurance plans
- group insurance plans
- income tax calculator
- bmi calculator
- compound interest calculator
- income tax slab
- Income Tax Return
- what is term insurance
- Ulip vs SIP
- tax planning for salaried employees
- HRA Calculator
- Annuity From NPS
- Retirement Calculator
- Pension Calculator
- nps vs ppf
- short term investment plans
- safest investment options
- one time investment plans
- types of investments
- best investment options
- best investment options in India
- Term Insurance for Housewife
- Money Back Policy
- 1 Crore Term Insurance
- life Insurance policy
- NPS Calculator
- Savings Calculator
- life Insurance
- Gratuity Calculator
- Zero Cost Term Insurance
- critical illness insurance
- itc claim
- deductions under 80C
- section 80d
- Whole Life Insurance
- benefits of term insurance
- types of life insurance
- types of term insurance
- Benefits of Life Insurance
- Endowment Policy
- Term Insurance for NRI
- Term Insurance for Women
- Term Insurance for Self Employed
- Benefits of Health Insurance
- Health Insurance for Senior Citizens
- Health Insurance for NRI
- Best Term Insurance Plan for 1 Crore
- personal accident insurance
- Annuity Calculator