India, Sept. 17 -- 3>What Is a Guaranteed Return Insurance Plan?

A guaranteed return insurance plan is a non-linked, non-participating life insurance product that commits to a fixed payout, either as a lump sum at maturity or as a guaranteed** income stream, with life cover included through the term. The payout is contractual: it does not depend on market performance or on the insurer declaring bonuses. The modern category spans several designs, from income variants where payouts can begin in the initial policy years, to milestone plans aimed at dated goals, to whole life income structures.

ABSLI Assured Savings Plan also offers a Joint Life Protection option covering the policyholder and spouse under a single policy. Both plans can be ...