Guaranteed Plan

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Life is unpredictable. Nothing is assured and that is why you need a guaranteed plan. You must prepare yourself for any challenge. Is the future of your child secured? If you have not taken any step for it, start planning. For the security of the future of your child, you can avail of a child insurance plan. A child insurance policy will assure some benefits for your child’s education and future. It can help you cover the rising education expenses of your child. Leading insurance firms provide child insurance plans with different benefits.

guaranteed planChild life insurance is an agreement between the policyholder and the insurer. The policyholder will pay a premium amount every month in terms of instalments and the insurer will pay a specified amount as per the rules of the policy. The child will get the money for his/her expenses as per the terms mentioned in the agreement. 

With a guaranteed plan, you don’t have to worry about the ups and downs of the market, rather, you can enjoy maximum returns under all circumstances.

Guaranteed Plan Features and Benefits:

  1. Long term financial stability, the best return on investments, and protection from the instability of the market.
  2. Helps you fund the important events of your life such as weddings without any cash crunch
  3. Get a lump sum amount as per the plan in case of an accident.
  4. Avail tax benefits under Income Tax Act Section 80C and Section 10(10D)
  5. Give a secure future to your child even if you are not there
  6. Get the benefits of income plans yearly, half-yearly, quarterly, or monthly, depending on your own choice.
  7. You can get a guaranteed plan for a term ranging from 10 to 30 years. There are zero risk factors in case of traditional plans.
  8. Provides you with maturity benefits, such as vested reversionary bonus and terminal bonus
  9. Provides you with death benefits, in case of the unfortunate event of the death of the insured. The nominee gets the insured amount as well as the maturity benefits for a period of 15 years. 
  10. With Dialabank, you can get access to some of the best insurance deals with guaranteed full returns. Compare all the plans online, choose the best child insurance plan, and secure your child’s future.

Guaranteed Plan Eligibility

The only criteria for a guaranteed plan are that the applicants should be salaried employees between 18 to 60 years of age.

Guaranteed Plan Types

Mainly, there are 4 types of guaranteed plans:

  • Money-back policies: These provide life coverage throughout the policy term along with maturity benefits that are paid in instalments. Apart from this, survival benefits are also provided every 5 years.

Money-back policies Best Offers:

Plan Name Entry Age Maturity Age Policy Term
Aviva Dhan Samriddhi 13 to 55 years 23 to 70 years 10, 15, 20 years
Canara HSBC OBC Smart stage 8 to 55 years 70 years 15 years
Exide Life New Fulfilling Life Plan 15 to 50 years 85 years 85 years
Private Prudential Cash advantage 0 to 60 years 18 to 80 years 15 to 20 years
  • Whole life insurance/ term plans: The benefits of these policies are provided for the entire lifetime for the insured. If the insured also pays premiums, the beneficiary will get the benefit amount after the demise of the insured.

Whole Life Insurance/ Term Plans Best Offers:

Plan Name Entry Age Maturity Age Policy Term
Aagon life term plan 20 to 65 years 75 years 10 to 75 years
Aviva i-Life Plan 18 to 55 years 70 years 10 to 35 years
HDFC Life Click 2 Protect Plus 18 to 65 years 28 to 75 years 10 to 40 years
SBI Life Saral Shield 18 to 60 years 65 years 5 to 30 years
  • Endowment plans: Endowment plans include both investment and insurance policies. These provide the benefits in the form of a lump-sum amount as well as the added benefits, if any, on the maturity of the policy or on the death of the insured, or sometimes even in case of critical illness. These policies can be availed for a period of 10 to 20 years.

Endowment Plans Best Offers:

Plan Name Entry Age Maturity Age Policy Term
Bajaj Allianz Save Assure 1 to 60 years 18 to 75 years 15, 17 years
Bharti AXA Aajeevan Sampatti 3 months to 60 years 100/85 years 100/85 years
Birla Sun Life Vision Endowment Plan 1 to 55 years 20 years
Edelweiss Tokio Guaranteed plan 3 to 50 years 18 to 65 years 15 years
  • Guaranteed Income Plans: Guaranteed income plans offer regular income at a predefined percentage, decided by the insured and the insurer, at regular intervals of time. These are the most commonly availed of plans and many banks provide these plans.

Guaranteed Income Plans Best Offers:

Plan Name Entry Age Maturity Age Policy Term
Canara Smart Monthly Income Plan 18 to 55 years 43 to 80 years 25 years
SBI Life Smart Money Planner 18 to 60 years 75 years 15 to 25 years

Guaranteed Plan: How to Apply 

To apply for the best plans online, visit the Dialabank website and you will see many options on the top bar of the home page. Click on the guaranteed plan under the ‘life insurance’ link and fill up a form. Our relationship manager will give you a call and assist you in availing of the best plan for a secure future.

Guaranteed Plan FAQs

  • What is a guaranteed plan?

A guaranteed plan helps you manage, grow, and save your funds for the financial security of your family in case of unfortunate events such as your demise. You can avail the benefits of these plans until their maturity at regular intervals of time.

  • Is there any eligibility criterion for a guaranteed plan?

The only eligibility criteria are that you need to be a salaried individual between 18 to 60 years of age.

  • Do all types of guaranteed plans offer fully guaranteed returns?

Some plans ensure fully guaranteed returns, while some offer partially guaranteed. However, with Dialabank, you can get fully guaranteed returns with maximum benefits.

  • Why should I get a guaranteed plan?

There are many benefits when it comes to guaranteed plans. They help you with fund management and growth, and you can choose your own tenure. These offer both maturity and death benefits. Moreover, these can be used as collateral for availing of loans from banks.

  • How can I apply for a plan?

You can apply online through the Dialabank website and save yourself any hassle. For applying offline, you can visit the interest Dialabank branch.