How Advisors Help You Select the Right Guaranteed Return Plan?

However, with multiple plans available in the market, making an informed decision can be challenging. This is where expert advisory support plays a crucial role. At Paybima, we follow a check-online and buy-with-advisor model, ensuring that you get expert guidance before making a financial commitment. Our advisors help you compare multiple plans, understand their benefits, and select the one best suited for your financial goals. 

Why Guaranteed Return Plans? 

Guaranteed return plans provide assured benefits at maturity or at specific intervals, making them ideal for risk-averse individuals. These plans also offer insurance coverage and savings, making them a great way to build wealth while securing your family’s future. The key types include: 

1. Endowment Plans – Offer lump sum maturity benefits along with life cover. 
2. Moneyback Plans – Provide periodic payouts at fixed intervals. 
3. Child Plans – Ensure financial security for a child’s education and future needs. 

How Paybima Advisors Assist You in Choosing the Right Plan? 

1. Understanding Your Financial Goals: 

The first step in selecting the right guaranteed return plan is assessing your financial objectives. Whether you are planning for long-term wealth creation, your child’s education, or periodic liquidity, Paybima’s advisors analyse your needs and recommend the most suitable plan accordingly. 

2. Comparing Multiple Plans and Insurers: 

Instead of settling for a single insurer’s product, our advisors provide comparisons from multiple insurance providers. This helps you evaluate: 

• Payout structures 
• Tenure flexibility 
• Premium affordability 
• Additional benefits and riders 

By reviewing these factors, you can make an informed choice that aligns with your financial requirements. 

3. Evaluating Payout and Liquidity Options: 

Guaranteed return plans differ in how they provide benefits. Our advisors help you understand whether a lump sum payout at maturity (Endowment Plan), periodic returns (Moneyback Plan), or structured benefits for a child’s education (Child Plan) work best for you. 

4. Explaining Riders and Additional Benefits: 

Many guaranteed return plans come with optional riders such as accidental death benefits, critical illness cover, or waiver of premium rider. Paybima’s experts explain these add-ons and help you decide if they are relevant to your specific needs. 

5. Assisting with the Buying Process 

Since Paybima follows a check-online and buy-with-advisor model, our advisors guide you through the entire purchase process: 

• You start by comparing plans online. 
• An expert then discusses your preferences and helps you shortlist the best options. 
• Once you decide, you can either complete the purchase online or visit a Paybima representative for further assistance. 

6. Helping with Policy Renewals and Future Adjustments: 

Insurance needs change over time, and our advisors help you track policy renewals, top-ups, or modifications to ensure that your plan remains aligned with your financial goals. 

Benefits of Guaranteed Returns plan 

Knowing the probable benefits of Guaranteed Returns Plans will help you go a long way towards investing here and ensure secure corpus building: 

1. Guaranteed returns: It ensures guaranteed returns despite the market volatility, aversing potential risks.  
2. Future goals: For achieving long-term financial goals, savings are crucial. A simple bank investment is not enough, considering the market inflation in the long run. However, a guaranteed return plan acts as a winner here, offering higher returns and covering the market inflation. 
3. Tax benefits: Under Section 80C of the IT Act, you can enjoy annual tax benefits up to INR 1.5 lakhs on premiums paid towards life insurance. The maturity and bonus payouts from guaranteed returns plans with life cover payouts are exempted from tax u/s 10 (10D).  
4. Riders: You get the facility of adding suitable riders to your investment plans, expanding and strengthening your base plan. However, before finalising your choice, you must critically analyse your risk profile and utilise a crucial market analysis.  

Role of advisors in helping you select the right guaranteed return plan 

Choosing the right investment options to fulfil your investment targets might prove to be tricky. You often require reliable, professional help to achieve your purpose. The advisors play a very crucial role here: 

1. Risk-free investment: Your investment needs to be as risk-free as possible. Your advisor must guide you well in choosing the potential investment options ideal to fulfil your financial targets, be it long-term or short-term, depending on your convenience. 
2. Annuity options: This is crucial in post-retirement planning. It ensures a steady income source even after your retirement.  
3. Payout structure: The advisor will help you decide the most convenient payout structures based on your investments and financial targets. Ideally, it must be a mixed one, some offering payouts at regular intervals while others providing lump sum benefits. 
4. Tax benefits: Your financial portfolio must be designed to offer optimum tax benefits. If you need to pay too much in taxes, then the very purpose of investment turns out in vain.  

Why Choose Paybima’s Advisory Support? 

• Personalised Consultation – Speak with an expert who understands your specific financial needs. 
• Access to Multiple Insurers – Compare different plans before making a decision. 
• Hassle-Free Buying Experience – Get end-to-end assistance in selecting and purchasing the policy. 
• Long-Term Assistance – Our advisors support you not just at the time of purchase but throughout your policy tenure.