Wish to shun market volatility? Go for insurers' assured return plans

Check the return for your age, tenure, and premium variant, and if proceeds will be tax-free

investment bankers

Check the sum assured vis-a-vis the annual premium.

Sanjay Kumar Singh
With equity markets turning volatile, many investors are yearning for products that offer guaranteed returns. Banks have not hiked their fixed deposit (FD) rates to the same extent as the increase in the repo rate by the Reserve Bank of India (RBI). But yields in the bond markets have gone up, allowing insurers to offer guaranteed-return plans whose returns are better than those offered by leading banks’ FDs.

These are non-linked (returns not linked to the markets), non-participating (returns not dependent on insurer’s profits) plans. Both single and regular premium variants are available.

Better returns than FDs

First Published: Jul 15 2022 | 10:21 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com