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While hunting for investment options, we are often motivated by a subtle desire of higher returns in a time-bound manner with a significantly disproportionate volume of the monies invested. In simpler terms, a higher return against a low risk is what sounds to be the perfect definition of a good investment. However, given the way things work when it comes to investments and the related market risks – this is not always so.
Traditionally, it has been observed and even stressed that a high risk venture is a win or lose game game – it can either yield higher profits or may lead to a significant loss. Therefore, traditional investment plans has always emphasized the value of term of an investment or the number of years for which an investment corpus must be built without any withdrawal or lapse. This certainly holds true because trusted and tested best investment policies work on the principle of compounding and the fact that small amounts of capital pooled in regularly over time and the compounding of the entire corpus over that time (usually in annual terms), attains a huge value upon maturity.
For any long term investments, a responsible and informed investor considers the factors of time lapse and inflation as well as the frequency of continuous investment. The number of years for which an investment plan is held, the premiums involved and the maturity terms of the plan – these factors decide the ultimate pay out at the time of maturity. Yet the fact is that the amount of lump sum can at best be projected precisely. What if a plan goes a step further and actually lets you know the exact amount of lump sum benefit that you will be entitled to upon the maturity of that plan?
HDFC Life presents the HDFC Life Guaranteed Savings Plan – a non-participating endowment plan that seeks to secure you and your loved ones financially and is aimed at creating a corpus for you at the time of maturity. It is a unique plan in the sense that the maturity value is declared at the outset and thus, you know your due entitlement after paying the due premiums, at the time of maturity of the plan. Moreover, this plan is comprehensively exempted from any medical examination or check up and gives due credit to self-declared health statement. The payment process of premiums is highly flexible, with you getting to choose from the options of paying once or in 5-7 years at a self-chosen frequency.
For further details, click on the mentioned link: https://www.hdfclife.com/savings-investment-plans/pos-guaranteed-savings-plan.
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