If you are looking for risk free, safe and stable Best Guaranteed Return Plan which gives you assured maturity benefits and financial protection. This detailed guide will help you choose the right plan.
Why Guaranteed Return Plans Are Important?
Guaranteed Return Plans Are Important to secure your family and love ones and make them financial strong. In last few years the living cost is increase very rapidly. To make sure to complete important responsibilities like higher education, marriage and medical we need a secure and guaranteed return.
Key Benefits of Investing in a Guaranteed Return Plan
Guaranteed Maturity Benefits
It is good to have guaranteed maturity benefits instead market link plan which have uncertainty of maturity benefits. These plans fulfill all your future planning as benefits are sure and secure.
Life Insurance Cover
The Guaranteed Return Plan comes with life insurance which make family financially protected in case of unfortunate dismissal of policy holder. The nominee receive a lump-sum payout which help family to manage financial obligations like loan repayments, daily expenses, marriage, education and other long term financial goals.
Tax Benefits
A best guaranteed return plan also offers tax-saving benefits. The premium paid by policy holder is comes under section 80C of Income Tax. Apart from premium, the maturity amount is also tax-free under Section 10(10D) but it depends on scheme.
Flexible Policy Term
Flexible policy term like 5, 10, 12, or 15 years, facility is available in guaranteed return plans.
Top Guaranteed Return Plans in 2026
It is very difficult to choose Best Guaranteed Return Plans among all the plans available in the market. Here we have listed some good Guaranteed Return Plans which makes easier to choose best plan.
Life Insurance Corporation of India Guaranteed Return Plans
Life Insurance Corporation of India (LIC) is popular for offering guaranteed return and fixed income plans. Some of them are LIC Jeevan Utsav, Dhan Varsha, New Jeevan Shanti, Bima Jyoti and Jeevan Umang.
LIC Jeevan Utsav (Plan 871)
It is a nonlinked plan with whole life cover and have two payout options with guaranteed income. Two income options are Regular Income and Flexi Income.
LIC Dhan Varsha (Plan 866)
It is a single premium nonlinked plan. It provide a guaranteed lump sum at maturity. This plan available for 10 and 15 year policy term. Tax benefit under Section 80C on premium and under Section 10(10D) on maturity amount.
LIC New Jeevan Shanti (Plan 858)
LIC New Jeevan Shanti is a nonlinked single premium plan. It provide guaranteed income and good for persons who are planning for retirement. This plan also offer loan facility against the policy.
LIC Bima Jyoti (Plan 860)
It is a guaranteed return plan which is not affected by market changes. Flexible policy term 15-20 years, Premiums can be paid annual/half-yearly/quarterly or monthly.
LIC Jeevan Umang (Plan 945)
It is a non-linked plan offering coverage up to age 100 years. Premium paying terms are 15, 20, 25, or 30 years. Tax benefits and loan facility is available in this plan.
Post Office Saving Schemes
Post office offers different saving schemes with guaranteed return, some of them are given below:
The Senior Citizen Savings Scheme (SCSS)
This is a government-backed scheme for senior citizens with a interest rate of 8.2% p.a., age should be more than 60 years. A individual can invest minimum Rs.1,000 and maximum Rs.30 lakh. The scheme has 5 year of lock-in period which can be extended for 3 year extra. Tax benefits are available under section 80C.
Public Provident Fund (PPF)
It the best small saving scheme backed by government. It is good scheme for those who are interested in long term investment. Minimum deposit is Rs. 500 and Maximum deposit is Rs.150000 in a financial year. The tenure of scheme is 15 year and can be extended for 5 year. Withdraw can be possible after completion of 7th year.
National Savings Recurring Deposit (RD)
National Savings Recurring Deposit is a small monthly investing scheme backed by government. Minimum monthly deposit is Rs.100 and no limit for maximum deposit.
How to Choose Best Plan?
To choose best plan we need to consider some parameters and requirements. Some of them are given below:
Identify Financial Goal
To choose best plan first we need to identify our final goal like, need monthly income after retirement, Lump sum after a certain years or have a predefine financial goal.
Age & Term
Age of individuals and for how much time they can invest is very important parameter to consider when choosing the plan.
Investment of Amount and Expected Return
How much a person can invest and how much return expected from scheme is very important. By comparing theses two parameter one can easily decide to invest in best scheme.
Frequently Ask Questions
Q1. Which plan is best for retired persons?
Ans: The Senior Citizen Savings Scheme (SCSS) is the best option for retired persons.
Q2. Can I invest lump sum for my parents?
Ans: Yes, single premium plans are ideal for lump sum investment.
Q3. Can i open RD account in bank in place of Post office?
Ans: Yes, you can open a RD account in bank. Mostly banks offer facility of RD, you can compare rate of interest rate before investment.