Let us tell you that in this insurance plan, you get returns equal to the fixed deposit of the bank. According to the information given by the company, you get a return of up to 6.34% in the iGuarantee plan.
If the future is to be secured, then the best way is investment. There are many options available for investment. Generally people prefer to invest in those schemes which have insurance along with returns. One such scheme is the iGuarantee Max Savings Plan from Aegon Life. In this insurance plan, you can make ₹ 6.50 lakh by saving ₹ 100 every day. Let’s figure it out.
What are the details: In this insurance plan, you get returns equal to the fixed deposit of the bank. According to the information given by the company, you get a return of up to 6.34% in the iGuarantee plan. At the same time, tax saving can be done under the old tax regime. Let us tell you that you can start saving in this insurance plan with a small amount of just Rs 500 every month.
Life Insurance Benefits: In case of your death due to any untoward incident, a lump sum amount of at least Rs.5 lakh is paid to your family. This amount is approximately 11 times of your annual premium. There is no need for paperwork in this process, as well as no documents are needed for this. All you have to do is enter your PAN or Aadhaar number, after which your KYC process is complete. You do not need to visit any branch or submit photocopies of any documents.
Amount of ₹6.50 lakh How: Suppose you are the parent of a 3-year-old child. You choose this scheme for 10 years. If you invest Rs 3,000/- every month for 10 years and set your policy payment term to 15 years, you will get around Rs 6.5 lakhs. This amount will be completely tax free. Let us tell you that only Rs 3.6 lakh has to be paid as premium.
iGuarantee also has features like add-on riders. In this way, the scope of your coverage increases considerably and you get the benefit of coverage even in case of a serious accident or suffering from a critical illness. Whereas, after paying your premiums regularly for 5 years, you get ‘Guaranteed Additions’ every year from the fifth year of the policy term. In addition, you get ‘Loyalty Additions’ at the end of the policy term.
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