\u003Cspan>Plot No:31 & 32, Beside Union Bank Training Centre,\u003C/span>\u003Cbr />\u003Cspan>Financial District, Gachibowli,\u003C/span> \u003Cbr />\u003Cspan>Hyderabad-500032, India.\u003C/span>\u003C/p>"},{"title":"Helpline","heading":"Helpline","description":"\u003Cul>\u003Cli>\u003Ca href=\"tel:1800-103-5319\">Customer - 1800-103-6116\u003C/a>\u003C/li>\u003Cli>\u003Ca href=\"tel:1800-103-2671\">Agent - 1800-103-2671\u003C/a>\u003C/li>\u003C/ul>"}],"social_media_group":[{"title":"Follow us on","heading":"Follow us on","social_media":[{"title":"Facebook - Follow us on","icon":[{"media_img":null,"media_svg":"https://cdn.shriramlife.com/slic-kalam/files/2023-04/facebook.svg","media_svg_alt":"facebook","media_document":null}],"menu_link":{"url":"https://www.facebook.com/Shriramlife","text":"https://www.facebook.com/Shriramlife"}},{"title":"Twitter - Follow us on","icon":[{"media_img":null,"media_svg":"https://cdn.shriramlife.com/slic-kalam/files/2023-09/Twitter_X__1_%20%282%29.svg","media_svg_alt":"twitter","media_document":null}],"menu_link":{"url":"https://twitter.com/shriramlifeins","text":"https://twitter.com/shriramlifeins"}}]}],"app_group":[{"title":"Download App","heading":"Download App","Apps":[{"title":"Download App - Android","heading":"Android","icon":[{"media_img":null,"media_svg":"https://cdn.shriramlife.com/slic-kalam/files/2023-04/android.svg","media_svg_alt":"android","media_document":null}],"menu_link":{"url":"https://play.google.com/store/apps/details?id=com.svs.slic","text":"https://play.google.com/store/apps/details?id=com.svs.slic"}}]}],"copy_rights":"\u003Cp>© Shriram Life Insurance Co. Ltd. All the rights reserved. Registered with Insurance Regulatory & Development authority of India (IRDAI) as Life Insurance Company. Regn. No. 128. CIN: U66010TG2005PLC045616\u003C/p>"}],"headers":{"x-powered-by":["Express"],"content-type":["text/html; charset=utf-8"],"content-length":["16517"],"etag":["W/\"4085-330kElTdD1zCFUKspKtfz0H4k+s\""],"vary":["Accept-Encoding"],"date":["Thu, 27 Mar 2025 06:28:07 GMT"],"connection":["keep-alive"],"keep-alive":["timeout=5"]},"status":200,"statusText":"OK","url":"http://127.0.0.1:4000/api/v1/footer","responseType":"json"},"2002562214":{"body":[{"category":[{"id":1781,"name":"Super Income Plan"},{"id":1782,"name":"Advice"},{"id":1930,"name":"Child Plan"},{"id":1979,"name":"Early Cash Plan"},{"id":1982,"name":"Assured Income Plan"},{"id":1984,"name":"Golden Premier Saver Plan"},{"id":1985,"name":"Premier Assured Benefit"},{"id":1986,"name":"Cash Back Term Plan"}],"blogs":[{"title":"Strategies for Building a Strong Financial Future with Savings Plans","heading":"How to build Strong Financial Future with Savings Plans","short_description":"\u003Cp>\u003Cspan>Everyone wants long-term financial security to enjoy a worry-free and comfortable life.\u003C/span>\u003C/p>","tile_image":[{"media_img":{"url":"https://cdn.shriramlife.com/slic-kalam/files/2025-03/strategies-for-building-a-strong-financial-future-with-savings-plans_0.jpg?VersionId=w4pQd6pgYqgX156yeH3VtWgVWSLkRIS8","alt":"Strategies for building strong financial future with Savings Plans"},"media_svg":null,"media_svg_alt":"","media_document":null}],"posted_on":"2025-03-26T10:55:20","updated_on":"2025-03-26T10:55:27","read_more_title":"Know More","slug":"/how-to-build-strong-financial-future-with-savings-plans","field_bl_tag":"\u003Ca href=\"/blog/guides/recent\" hreflang=\"en\">Recent\u003C/a>, \u003Ca href=\"/blog/guides/savings\" hreflang=\"en\">Savings\u003C/a>","description":"\u003Cp>\u003Cspan>Everyone wants long-term financial security to enjoy a worry-free and comfortable life. This blog aims to help people by discussing how investing in the right Savings Plans can help them build a financially secure future. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>Whether you’re a young individual or a mid-senior-level professional, you will always need strong financial backing to maintain your desired lifestyle while fulfilling your obligations. Savings Plans, such as Assured Income Plans, are one of the best, risk-free ways that can help you build the desired financially fulfilling future. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>If you’re curious how including Savings Plans in your financial planning can contribute to a financially secure future, read the full blog. \u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>The Importance of a Strong Financial Future\u003C/strong>\u003C/h2>\u003Ch3>\u003Cstrong>Why Financial Stability Matters\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>Financial stability is the most important cornerstone of a secure and fulfilling life. When you’re financially stable, you can confidently meet your existing needs and handle whatever challenges life brings tomorrow. Building financial security will give you peace of mind and the freedom to choose plans based on what’s right for you, rather than being driven by economic constraints. \u003C/span>\u003C/p>\u003Ch3>\u003Cstrong>Common Financial Goals\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>While different people have different financial goals, most share a few common goals, such as saving for retirement, wealth creation, buying a house, funding children’s higher education, arranging for children’s marriage, etc. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>Regardless of your short and long-term goals, investing in the right Savings Plans can help you fulfil the goal through guaranteed, risk-free income. Many plans feature combined benefits of Savings, Child, and \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/investment-plan\" target=\"_blank\">\u003Cspan>Investment Plans\u003C/span>\u003C/a>\u003Cspan>, enabling policyholders to achieve multiple goals faster. \u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>Introduction to Savings Plans\u003C/strong>\u003C/h2>\u003Ch3>\u003Cstrong>What is a Savings Plan?\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>A Savings Plan is a thoughtfully designed financial product to help people build a secure fund over time through disciplined and systematic savings. You must include these plans in your financial planning because they provide dual benefits of wealth accumulation and financial protection through life cover. \u003C/span>\u003C/p>\u003Ch3>\u003Cstrong>How do Savings Plans Work?\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>Most Savings Plans work on a straightforward mechanism wherein policyholders pay timely premiums for a pre-determined period. A portion of this payment is allocated towards providing life insurance coverage, while the balance is invested in a pool of low-risk investments that earn steady income. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>This return is paid to policyholders on maturity or after the premium payment term ends. If you’re investing in \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/assured-income-plan\" target=\"_blank\">\u003Cspan>Shriram Life Assured Income Plan\u003C/span>\u003C/a>\u003Cspan> (UIN: 128N053V05), you can receive regular income after a certain period to assist with monthly expenses.\u003C/span>\u003C/p>\u003Cp>\u003Cspan>Besides assured income, this plan will also give you life insurance coverage, flexible policy terms, additional protection through riders, and numerous other benefits.\u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>Key Features of Savings Plans\u003C/strong>\u003C/h2>\u003Ch3>\u003Cstrong>Guaranteed Income Stream\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>One of the most standout features of Savings Plans, such as Assured Income Plans, is guaranteed income. Returns from these plans remain unaffected by external factors, including market fluctuations, economic downturns, etc., so you benefit from the financial certainty that comes from the fixed income stream. You can use this income predictability to plan your future expenses confidently.\u003C/span>\u003C/p>\u003Ch3>\u003Cstrong>Tax Benefits and Advantages\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>Besides financial security, your investment in appropriate Savings Plans can earn you significant tax benefits. You can lower your taxable income and liability by claiming the premium payments as a deduction u/s 80C. Returns from some plans may be tax-exempt if certain conditions are fulfilled u/s 10(10D), earning you tax-free income.\u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>How Savings Plans Provide Stability?\u003C/strong>\u003C/h2>\u003Ch3>\u003Cstrong>Ensuring Financial Stability\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>Savings Plans ensure your future financial needs are met with certainty and consistency through its guaranteed income feature. The fixed and predictable income from these plans ensures that you don’t have to rely on any family member to meet your living expenses, creating peace of mind.\u003C/span>\u003C/p>\u003Cp>\u003Cspan>You must consider investing in Assured Income Plans to enjoy these benefits. If you have other financial obligations, such as funding your children’s education, pair Assured Income Plans with \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/new-shri-vidya-plan\" target=\"_blank\">\u003Cspan>Shriram Life New Shri Vidya Plan\u003C/span>\u003C/a>\u003Cspan> (UIN: 128N051V03).\u003C/span>\u003C/p>\u003Cp>\u003Cspan>This plan provide dual benefits of \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/savings-plan\" target=\"_blank\">\u003Cspan>Savings\u003C/span>\u003C/a>\u003Cspan> and \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/child-plan\" target=\"_blank\">\u003Cspan>Child Plans\u003C/span>\u003C/a>\u003Cspan>, complementing your other investments. These plans will ensure that you effortlessly fulfil all your duties as a father while accumulating wealth for your future and creating a financial cushion for your family.\u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>Selecting the Ideal Savings Plan for Your Needs\u003C/strong>\u003C/h2>\u003Ch3>\u003Cstrong>Assessing Your Financial Goals\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>You should always identify your specific financial goals before exploring any Savings Plans. It is non-negotiable to find the right investment option. For example, invest in Assured Income Plans with a regular income feature if your primary goal is to create an additional income generation source.\u003C/span>\u003C/p>\u003Cp>\u003Cspan>Those with long-term goals, like retirement planning, can explore options such as \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/sunishchit-laabh\" target=\"_blank\">\u003Cspan>Shriram Life Sunishchit Laabh\u003C/span>\u003C/a>\u003Cspan> (UIN:128N126V01). This non-linked, non-participating plan is designed to provide long-term, guaranteed income so policyholders can enjoy their golden years comfortably.\u003C/span>\u003C/p>\u003Cp>\u003Cspan>Since the plan also gives loyalty additions, additional benefits on female lives, multiple payout options, etc., you don’t have to worry about outliving your savings or income.\u003C/span>\u003C/p>\u003Ch3>\u003Cstrong>Evaluating Risk Tolerance\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>Risk management should be at the centre of all your investment decisions. Assured Income Plans are recommended to people with low-risk profiles as the returns remain fixed, irrespective of the market conditions.\u003C/span>\u003C/p>\u003Cp>\u003Cspan>Those with moderate to high-risk tolerance can explore market-linked Savings Plans that facilitate wealth creation over an extended period.\u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>Conclusion\u003C/strong>\u003C/h2>\u003Cp>\u003Cspan>Having Savings Plans in your portfolio is the easiest and least risky way to build a financially secure future. It brings financial certainty, allowing you to confidently maintain your desired lifestyle. People willing to strengthen their financial future must consider investing in Assured Income Plans because of their fixed-income nature.\u003C/span>\u003C/p>\u003Cp>\u003Cspan>At Shriram Life Insurance, one of India’s leading insurance providers, we feature a wide range of Savings Plans to help policyholders build unshakable financial security. Besides Savings Plans, we also feature diverse \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/protection-plan\" target=\"_blank\">\u003Cspan>Protection Plans\u003C/span>\u003C/a>\u003Cspan>, Investment Plans, and more to fulfil various financial goals. You can explore the various plans independently or \u003C/span>\u003Ca href=\"https://www.shriramlife.com/contact-us/service-request\" target=\"_blank\">\u003Cspan>contact us\u003C/span>\u003C/a>\u003Cspan> for prompt assistance.\u003C/span>\u003C/p>","category":"/blog/advice"},{"title":"Ensuring Financial Stability with Regular Income from Life Insurance","heading":"Does Life Insurance Ensure a Regular Income?","short_description":"\u003Cp>\u003Cspan>People often choose Life Insurance products for their Life Insurance coverage so their family remains financially secure in the unfortunate c\u003C/span>\u003C/p>","tile_image":[{"media_img":{"url":"https://cdn.shriramlife.com/slic-kalam/files/2025-03/ensuring-financial-stability-with-regular-income-from-life-insurance_0.jpg?VersionId=fFvWjgD4CsgxiLVZA0ssMpOcBs8_8mln","alt":"Regular Income from life insurance"},"media_svg":null,"media_svg_alt":"","media_document":null}],"posted_on":"2025-03-25T06:03:28","updated_on":"2025-03-25T06:03:34","read_more_title":"Know More","slug":"/does-life-insurance-ensure-regular-income","field_bl_tag":"\u003Ca href=\"/blog/guides/recent\" hreflang=\"en\">Recent\u003C/a>, \u003Ca href=\"/blog/guides/savings\" hreflang=\"en\">Savings\u003C/a>","description":"\u003Cp>\u003Cspan>People often choose Life Insurance products for their Life Insurance coverage so their family remains financially secure in the unfortunate circumstance of their passing away. However, these financial products provide more than life coverage. Some Life Insurance products provide regular income features to support the policyholder’s financial obligations.\u003C/span>\u003C/p>\u003Cp>\u003Cspan>If you want to build a financially stable life for yourself and your family, investing in such plans should be part of your long-term financial planning. The guaranteed income received from these plans can become an additional income source or replace lost income, enabling you to lead a worry-free and financially secure life. We discuss regular income from Life Insurance in this blog so you can make informed financial investments to achieve economic stability.\u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>What is Regular Income from Life Insurance?\u003C/strong>\u003C/h2>\u003Cp>\u003Cspan>Regular income from Life Insurance policies refers to the structured payouts received by policyholders upon policy maturity or during the pre-agreed period. Depending on the policy's terms and conditions, you can receive the payouts as regular income. For example, if you invest in the \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/premier-assured-benefit-plan\" target=\"_blank\">\u003Cspan>Shriram Life Premier Assured Benefit Plan\u003C/span>\u003C/a>\u003Cspan> (UIN: 128N094V04), you can receive annual earnings from the last premium payment term till the policy maturity.\u003C/span>\u003C/p>\u003Cp>\u003Cspan>This income can be a percentage of your policy’s annualized premium, a lump sum amount, or assured monthly payments, depending on the pre-agreed terms. Since insurers invest your premiums in low-risk financial instruments, the accumulated savings and growth make it easier to pay policyholders regular income. Unlike risky, market-linked investments, such as equities, mutual funds, SIPs, etc., these plans provide predictable and stable income for financial security.\u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>Benefits of Regular Income from Life Insurance\u003C/strong>\u003C/h2>\u003Ch3>\u003Cstrong>Guaranteed Income\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>One of the most notable benefits of Life Insurance with a regular income feature is assured income. Policyholders can receive consistent and predictable income at the predetermined period, eliminating financial uncertainty. While volatile options like equities, ULIPs, and cryptocurrencies may provide higher return potential, they can never match the financial stability and certainty insurance-based income plans offer. If you value assured income over risky higher yields, explore the different types of savings insurance plans with regular income provided by Shriram Life Insurance.\u003C/span>\u003C/p>\u003Ch3>\u003Cstrong>Stable Financial Planning\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>Individuals planning for retirement and other long-term financial goals must include at least one regular income-generating insurance product in their portfolio. It can create a secure income stream that can handle their day-to-day expenses, medical costs, and other expenses essential to sustain the desired lifestyle. At \u003C/span>\u003Ca href=\"https://www.shriramlife.com/\" target=\"_blank\">\u003Cspan>Shriram Life Insurance\u003C/span>\u003C/a>\u003Cspan>, we offer numerous \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/savings-plan\" target=\"_blank\">\u003Cspan>Savings Plans\u003C/span>\u003C/a>\u003Cspan> and \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/retirement-plan\" target=\"_blank\">\u003Cspan>Retirement Plans\u003C/span>\u003C/a>\u003Cspan> with regular income features, so browse them to find the ideal financial product.\u003C/span>\u003C/p>\u003Ch3>\u003Cstrong>Low-Risk Investment\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>Most insurance plans with guaranteed income are inherently low-risk. They operate under strict regulatory oversight and maintain conservative investment strategies to reduce risk exposure. Unlike market-linked insurance products, these plans don’t get impacted by economic downturns or market fluctuations, preserving your capital and steady growth. If you want a stable, risk-free retirement income from Life Insurance, you may consider investing in \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/assured-income-plan\" target=\"_blank\">\u003Cspan>Shriram Life Assured Income Plan\u003C/span>\u003C/a>\u003Cspan> (UIN: 128N053V05). \u003C/span>\u003C/p>\u003Cp>\u003Cspan>It is a non-linked and non-participating Life Insurance product comprising the best features of Savings, Retirement, and \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/child-plan\" target=\"_blank\">\u003Cspan>Child Plans\u003C/span>\u003C/a>\u003Cspan>. This plan provides a regular income option that can assist you with monthly expenses during retirement or at a predetermined life stage.\u003C/span>\u003C/p>\u003Ch3>\u003Cstrong>Tax Benefits\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>The benefits of Life Insurance plans with guaranteed income aren’t limited to life coverage and regular income. Policyholders can use these plans as efficient tax-saving financial instruments. For instance, if you invest in the \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/early-cash-plan\" target=\"_blank\">\u003Cspan>Shriram Life Early Cash Plan\u003C/span>\u003C/a>\u003Cspan> (UIN: 128N093V02), you can enjoy guaranteed income from the 1st policy anniversary, life coverage, and tax savings, among numerous other benefits.\u003C/span>\u003C/p>\u003Cp>\u003Cspan>You can claim the amount paid as premiums u/s 80 C to lower your taxable income and increase your savings. The deductions are capped at ₹1,50,000 u/s 80 C. Maturity proceeds can be tax-free if certain conditions are met. Maturity proceeds received as death benefits remain tax-exempt. We recommend consulting your financial advisor for efficient tax planning.\u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>How to Choose the Right Life Insurance Plan for Regular Income?\u003C/strong>\u003C/h2>\u003Ch3>\u003Cstrong>Assess Your Financial Goals\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>Everyone has different financial goals, so you should always start by assessing your financial needs. Estimate how much regular income you would need to effortlessly lead a worry-free life after retirement or a specific period. Factor in inflation and arrive at the ideal amount.\u003C/span>\u003C/p>\u003Cp>\u003Cspan>You should also determine whether you’re investing to create retirement funds or meet your children’s major life events, like their wedding or higher education expenses because not all insurance products are ideal for every goal. If your primary goal is financially securing your retirement years, look for Retirement Plans. Read about the varying benefits of Retirement Plans so you know what to expect while investing.\u003C/span>\u003C/p>\u003Ch3>\u003Cstrong>Compare Different Plans\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>There are numerous Life Insurance products in the Indian market, so you must focus on finding the plan that aligns with your financial goals and needs. You must evaluate every plan based on its terms and conditions, flexibility, policy terms, available riders, Life Insurance coverage, payout options, and premium payments. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>If you’re looking for regular income from Life Insurance with life protection, consider plans like our Shriram Life Assured Income Plan. Our \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/wealth-pro\" target=\"_blank\">\u003Cspan>Shriram Life Wealth Pro\u003C/span>\u003C/a>\u003Cspan>(UIN: 128L096V01) is a better option if your primary consideration is life coverage and wealth accumulation. \u003C/span>\u003C/p>\u003Ch3>\u003Cstrong>Consider Professional Advice\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>Navigating the financial world alone can be overwhelming for many individuals. If you’re experiencing challenges in finding the appropriate investment options or cannot understand how certain insurance plans fit into your long-term financial planning, we encourage consulting professional financial planners/advisors. Since they better understand different financial tools and markets, they can guide you better to achieve financial stability and enjoy the most Life Insurance benefits.\u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>Conclusion\u003C/strong>\u003C/h2>\u003Cp>\u003Cspan>Every individual wants to create multiple secure income streams to strengthen their financial future. While there are numerous ways to achieve it, none comes closer to the benefits provided by insurance-based regular income plans. They provide certainty with their guaranteed income so that you can plan your expenses accordingly. If you want to secure your family’s financial future when you aren’t around or achieve financial stability to live a comfortable post-retirement life, you must consider investing in the appropriate Life Insurance plans featuring regular income benefits.\u003C/span>\u003C/p>","category":"/blog/assured-income-plan"},{"title":"Maximizing Your Savings: The Advantages of Assured Income Plans","heading":"How to Boost your Savings with an Assured Income Plan?","short_description":"\u003Cp>\u003Cspan>Every individual wants financial security for themselves and their family, especially during their golden years and difficult times.\u003C/span>\u003C/p>","tile_image":[{"media_img":{"url":"https://cdn.shriramlife.com/slic-kalam/files/2025-03/maximizing-your-savings-the-advantages-of-assured-income-plans_0.jpg?VersionId=TWEqYSY1Jm0GxSOUPNeSaAs.jHJClQdx","alt":"Advantages of Assured Income Plan"},"media_svg":null,"media_svg_alt":"","media_document":null}],"posted_on":"2025-03-24T11:01:28","updated_on":"2025-03-24T11:01:30","read_more_title":"Know More","slug":"/secret-to-boost-savings-with-assured-income-plan","field_bl_tag":"\u003Ca href=\"/blog/guides/recent\" hreflang=\"en\">Recent\u003C/a>, \u003Ca href=\"/blog/guides/savings\" hreflang=\"en\">Savings\u003C/a>","description":"\u003Cp>\u003Cspan>Every individual wants financial security for themselves and their family, especially during their golden years and difficult times. They invest in financial products as part of their long-term savings strategies to create this security. While numerous financial products can help people maximize savings and get income assurance, Assured Income Plans provide superior benefits. In this blog, we guide you through these plans and their benefits so you can make an informed investment choice.\u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>What are Assured Income Plans?\u003C/strong>\u003C/h2>\u003Cp>\u003Cspan>Assured Income Plans are specialized financial products provided by insurance companies that give dual benefits - Life Insurance coverage and steady income for a predetermined period. They combine the best features of \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/savings-plan\" target=\"_blank\">\u003Cspan>Savings Plans\u003C/span>\u003C/a>\u003Cspan>, \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/retirement-plan\" target=\"_blank\">\u003Cspan>Retirement Plans\u003C/span>\u003C/a>\u003Cspan>, And \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/child-plan\" target=\"_blank\">\u003Cspan>Child Plans\u003C/span>\u003C/a>\u003Cspan>.\u003C/span>\u003C/p>\u003Cp>\u003Cspan>Under these plans, a policyholder makes regular premium payments to keep the plan active. After the plan’s premium payment term is completed, the policyholder receives regular income. You can receive monthly, quarterly, or annual payouts, depending on the provided payout terms.\u003C/span>\u003C/p>\u003Cp>\u003Cspan>Assured Income Plans play a crucial role in financial planning because they provide financial security by ensuring predictable, guaranteed income after the policy term. They also help achieve long-term financial goals, such as funding a child’s higher education, meeting day-to-day financial expenses, building a property, etc.\u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>Advantages of Assured Income Plans\u003C/strong>\u003C/h2>\u003Cul>\u003Cli>\u003Ch3>\u003Cstrong>Guaranteed Returns\u003C/strong>\u003C/h3>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan>Guaranteed returns are a hallmark feature of all Assured Income Plans. Unlike market-linked investments, the returns from these plans aren’t subject to unpredictability and market volatility. They provide predetermined fixed-income assurance.\u003C/span>\u003C/p>\u003Cp>\u003Cspan>The guaranteed returns provide financial security and comfort to policyholders, helping them efficiently manage their financial obligations. If you want fixed returns, avoid investing in stocks, mutual funds, SIPs, etc., as their returns fluctuate with market volatility.\u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Ch3>\u003Cstrong>Stable Income Stream\u003C/strong>\u003C/h3>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan>One of the biggest benefits of Assured Income Plans is that they provide a stable income stream. Insurers accumulate your premium payments as savings and invest in low-risk financial instruments that grow with time. It is returned to the policyholder on policy maturity according to the pre-agreed payout frequency. These plans provide retirees a dependable source of post-retirement income, helping them maintain their lifestyle without worrying about financial instability. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>It also emerges as a reliable solution to address the recurring financial needs of individuals of all ages. While Assured Plans are great for financial stability, you can enhance your safety net by investing in complementing Protection Plans and Retirement Life Insurance Plans.\u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Ch3>\u003Cstrong>Low-Risk Investment\u003C/strong>\u003C/h3>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan>Assured Income Plans are inherently low-risk, making them attractive for individuals seeking financial stability. Since your premiums aren’t invested in market-linked financial instruments, the returns don’t deplete with market fluctuations. Your capital remains secured, and you receive increased returns on maturity.\u003C/span>\u003C/p>\u003Cp>\u003Cspan>Unlike high-risk investments, such as equities, cryptocurrencies, IPOs, hedge funds, etc., your assured income investments are immune to market risks. It can benefit people who prefer capital preservation and financial security over high returns.\u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Ch3>\u003Cstrong>Tax Benefits\u003C/strong>\u003C/h3>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan>Utilizing the available tax benefits while filing income tax returns is an excellent way of maximizing your insurance benefits. You can claim premium payments as deductions u/s 80C, subject to a maximum of ₹1,50,000. Deductions are also available u/s 80D, depending on the number of people you’re paying premium for and your parent’s age.\u003C/span>\u003C/p>\u003Cp>\u003Cspan>If you have multiple insurance and Investment Plans, consult a professional CA for personalised guidance on tax savings. You can also refer to expert financial planning tips online to optimise tax savings. These savings can enhance your overall wealth accumulation effort, so you have more money saved for a secure future.\u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>How to Maximize Savings with Assured Income Plans\u003C/strong>\u003C/h2>\u003Cul>\u003Cli>\u003Ch3>\u003Cstrong>Start Early\u003C/strong>\u003C/h3>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan>Investing in Assured Income Plans from a young age can increase your returns. It allows you to purchase plans with longer duration, such as 10, 12, or even 15 years, so the capital increases significantly by leveraging the power of compounding. It helps you create wealth over the long term. Young investors can also maximize savings by securing lower premiums on Guaranteed Income Plans, translating to higher returns in the future. \u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Ch3>\u003Cstrong>Choose the Right Plan\u003C/strong>\u003C/h3>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan>You must choose the right Assured Income Plans to gain maximum benefits from your investments. Since numerous similar products promise financial security, pick a plan that aligns with your goals. Start by deciding your goal, such as funding a significant life event, securing a steady retirement income, ensuring economic stability for your family, etc. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>Once the goal is finalized, identify and compare multiple assured income plans based on their payout options, premium affordability, flexibility, features, terms and conditions, etc. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>A thorough evaluation will help you pick a plan to fulfil your goals and aspirations. If you’re confused about the available options, consider exploring the \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/assured-income-plan\" target=\"_blank\">\u003Cspan>Shriram Life Assured Income Plan\u003C/span>\u003C/a>\u003Cspan> (UIN: 128N053V05). Unlike similar options, this plan helps you create a financial cushion at low premium payment plans. It features a regular, predictable income option to support your financial obligations easily. \u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Ch3>\u003Cstrong>Regular Contributions\u003C/strong>\u003C/h3>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan>Regular contribution is key to maximizing savings and the plan’s overall benefits. It helps create a larger fund over time so that you can avail of higher payouts upon policy maturity. Consistent contributions keep your policy active and build financial discipline, which is crucial for long-term wealth creation. \u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Ch3>\u003Cstrong>Reinvesting Returns\u003C/strong>\u003C/h3>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan>Policyholders can consider reinvesting their returns to create more income avenues. Reinvesting in relevant financial instruments can help your income grow using compounding principles. You can invest a certain percentage of the proceeds or the entire lumpsum payout based on your risk appetite and financial needs. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>You must select the financial instruments according to your current and long-term financial goals and risk profile. If you’re unsure where to reinvest your returns, we recommend consulting professional financial advisors for personalized guidance. \u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>Who Should Consider Assured Income Plans?\u003C/strong>\u003C/h2>\u003Cp>\u003Cspan>Anyone who prioritizes financial security can invest in assured income plans. If you’re in your 40s and 50s looking to create risk-free and stable post-retirement income, investing in assured income plans can be beneficial. It can build a predictable and steady income source during your golden years that sustains your lifestyle without any worry. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>Parents willing to create funds for their child’s higher education and marriage expenses can also consider these plans. Guaranteed Income Plans are generally ideal for individuals with low-risk profiles who prefer predictable, fixed income over market-linked higher returns. \u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>Conclusion\u003C/strong>\u003C/h2>\u003Cp>\u003Cspan>Assured Income Plans are valuable additions to any financial portfolio, providing guaranteed low-risk returns, a stable income stream, and tax benefits. You can invest in the assured income plans provided by \u003C/span>\u003Ca href=\"https://www.shriramlife.com/\" target=\"_blank\">\u003Cspan>Shriram Life Insurance\u003C/span>\u003C/a>\u003Cspan> to enjoy all these benefits. Besides assured income plans, Shriram Life Insurance also provides various plans for different financial goals, such as retirement planning, savings, child education, buying a house, etc. You can explore our diverse savings, \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/investment-plan\" target=\"_blank\">\u003Cspan>investment\u003C/span>\u003C/a>\u003Cspan>, retirement, \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/protection-plan\" target=\"_blank\">\u003Cspan>protection\u003C/span>\u003C/a>\u003Cspan>, and child plans designed to help you achieve financial security and fulfil your short-term and long-term financial goals.\u003C/span>\u003C/p>","category":"/blog/assured-income-plan"},{"title":"What is Guaranteed Death Sum Assured in Life Insurance?","heading":"What is Guaranteed Death Sum Assured in Life Insurance?","short_description":"\u003Cp>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\" lang=\"EN-GB\">The \"Guaranteed Death Benefit\" is often found in Life Insurance Policies and Annuity contracts.\u003C/span>\u003C/p>","tile_image":[{"media_img":{"url":"https://cdn.shriramlife.com/slic-kalam/files/2025-03/what-is-guaranteed-death-sum-assured-in-life-insurance__0.jpg?VersionId=f20n4rlKpSfWPNXDeBzcAxu5RfK7WuCz","alt":"What is Guaranteed death sum assured in life insurance"},"media_svg":null,"media_svg_alt":"","media_document":null}],"posted_on":"2025-03-21T06:14:12","updated_on":"2025-03-21T06:14:16","read_more_title":"Know More","slug":"/what-is-guaranteed-death-sum-assured-in-life-insurance","field_bl_tag":"\u003Ca href=\"/blog/guides/recent\" hreflang=\"en\">Recent\u003C/a>, \u003Ca href=\"/blog/guides/savings\" hreflang=\"en\">Savings\u003C/a>","description":"\u003Cp>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">The \"Guaranteed Death Benefit\" is often found in Life Insurance Policies and Annuity contracts. It guarantees that a minimum amount will be paid to your beneficiaries in the unfortunate event of the policyholder’s demise, regardless of the policy's cash value or market performance.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">This benefit is meant to provide financial security for your loved ones, ensuring they receive a fixed sum, no matter what happens with the policy's investments. It provides peace of mind, knowing your beneficiaries will have a safety net, no matter the circumstances. It’s an important aspect of retirement income planning, helping secure your family’s financial future.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">\u003Cstrong>Understanding Guaranteed Death Sum Assured\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">\u003Cstrong>Definition of Guaranteed Death Sum Assured\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">As we said before, Guaranteed Death Sum Assured refers to the minimum amount a Life Insurance Policy guarantees to pay out to the beneficiaries upon the death of the insured, provided the policy is active. Unlike some policies that might vary in payout depending on investment performance or other factors, the guaranteed death sum assured provides financial security for the policyholders and their families.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">This feature is necessary within the Life Insurance framework as it ensures that, irrespective of market shifts, the beneficiaries will receive a predetermined sum designed to provide long-term stability after the unfortunate occurrence of the policyholder’s death. This protects the beneficiaries from unexpected financial burdens, ensuring they have enough to cover living expenses, debt, or education costs.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">Imagine you have a Life Insurance Policy that guarantees a payout to the dependent family members or nominees if something happens to the policyholder. Let’s say the guaranteed amount is INR 10,00,000. No matter what happens with the policy's investments or changes in the market, the policyholder’s nominated beneficiaries will receive that INR 10,00,000. This ensures they’ll have financial security to cover important expenses, like bills or education, during a tough time.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">\u003Cstrong>Importance of Guaranteed Death Sum Assured\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">The guaranteed death sum assured is not merely a technical term but a vital safety net for families. Here are several reasons why this feature is indispensable:\u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">\u003Cstrong>Supplementing Retirement Income:\u003C/strong> The guaranteed death sum can act as an additional source of income for beneficiaries, providing them with a financial foundation to manage living expenses in retirement. This can be especially important for families relying on a single income source.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">\u003Cstrong>Asset Protection: \u003C/strong>Individuals often seek to safeguard their savings and investments during retirement. A Life Insurance Policy with a guaranteed death sum assured can protect these assets, ensuring they can be passed down to legal heirs without being diminished by debts or other financial obligations.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">\u003Cstrong>Enhancing Financial Planning:\u003C/strong> Integrating Life Insurance into retirement strategies allows policyholders to manage their finances better. It can help reach overall financial goals, as the guaranteed death benefit provides security, enabling retirees to draw down their savings more confidently.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">\u003Cstrong>Risk Tolerance Consideration:\u003C/strong> Understanding personal risk tolerance is important in retirement planning. The guaranteed sum can provide a safety buffer, allowing retirees to engage in more investment strategies with their remaining assets, knowing their family’s financial future is secured.\u003C/span>\u003C/li>\u003C/ul>\u003Ch2>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">\u003Cstrong>How Guaranteed Death Sum Assured Works\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">Understanding how guaranteed death sum assured works involves grasping how it is calculated and paid out. \u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">\u003Cstrong>Here’s what you need to know:\u003C/strong>\u003C/span>\u003C/h3>\u003Cul>\u003Cli>\u003Ch4>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">Base Sum Assured\u003C/span>\u003C/h4>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">This is the core amount you choose when you purchase the policy. It’s the minimum guaranteed payout your beneficiaries will receive upon your death. \u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Ch4>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">Policy Type and Riders\u003C/span>\u003C/h4>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">The type of policy you choose and any additional riders (like accidental death benefit or critical illness cover) can influence the guaranteed death benefit.\u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Ch4>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">Policy Duration and Premiums\u003C/span>\u003C/h4>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">The length of your policy and your premiums also play a role. Higher premiums or longer terms may result in a higher guaranteed death benefit.\u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Ch4>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">Adjustments for Loans or Withdrawals\u003C/span>\u003C/h4>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">If you’ve taken a loan against your policy or made partial withdrawals (in the case of certain policies like ULIPs or endowment plans), the guaranteed death benefit may be reduced.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">Let’s say you purchase a Term Insurance Policy with a base sum assured of INR 1 crore for a 20-year term. Then,\u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">\u003Cstrong>Base Sum Assured: \u003C/strong>INR 1 crore (guaranteed).\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">\u003Cstrong>Riders: \u003C/strong>You add an accidental death benefit rider for an additional INR 50 lakhs.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">\u003Cstrong>Total Guaranteed Death Benefit: \u003C/strong>INR 1.5 crore (INR 1 crore + INR 50 lakhs).\u003C/span>\u003C/li>\u003C/ul>\u003Ch3>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">\u003Cstrong>Mechanism of Guaranteed Death Sum Assured\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">In case of the unfortunate event of the policyholder’s passing, the payment process generally unfolds as follows:\u003C/span>\u003C/p>\u003Col type=\"1\">\u003Cli>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">\u003Cstrong>Claim Initiation: \u003C/strong>The beneficiaries or designated claimants must inform Shriram Life Insurance about the policyholder’s passing and submit the necessary documents, including the required certificate.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">\u003Cstrong>Verification Process:\u003C/strong> Shriram Life Insurance will verify the claim by reviewing the submitted documents and the terms outlined in the policy.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">\u003Cstrong>Payout: \u003C/strong>Once the claim is approved, \u003C/span>\u003Ca href=\"https://www.shriramlife.com/\" target=\"_blank\">\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">Shriram Life Insurance\u003C/span>\u003C/a>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\"> will disburse the guaranteed sum assured, either as a lump sum or through a structured payout plan, based on the policy provisions and the beneficiaries’ preferences.\u003C/span>\u003C/li>\u003C/ol>\u003Ch2>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">\u003Cstrong>Types of Life Insurance Policies Providing Guaranteed Death Sum Assured\u003C/strong>\u003C/span>\u003C/h2>\u003Ctable>\u003Ctbody>\u003Ctr>\u003Ctd>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">\u003Cstrong>Policy Type\u003C/strong>\u003C/span>\u003C/td>\u003Ctd>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">\u003Cstrong>Definition\u003C/strong>\u003C/span>\u003C/td>\u003Ctd>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">\u003Cstrong>Guaranteed Death Benefit\u003C/strong>\u003C/span>\u003C/td>\u003Ctd>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">\u003Cstrong>Key Features\u003C/strong>\u003C/span>\u003C/td>\u003Ctd>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">\u003Cstrong>Ideal For\u003C/strong>\u003C/span>\u003C/td>\u003C/tr>\u003Ctr>\u003Ctd>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">Term Life Insurance\u003C/span>\u003C/td>\u003Ctd>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">Pure protection for a specific period.\u003C/span>\u003C/td>\u003Ctd>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">Pays the full sum assured if death occurs during the policy term.\u003C/span>\u003C/td>\u003Ctd>\u003Cul>\u003Cli>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">Affordable premiums. \u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">No cash value. \u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">Coverage for temporary needs (loans, income replacement).\u003C/span>\u003C/li>\u003C/ul>\u003C/td>\u003Ctd>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">Budget-conscious individuals seeking high coverage for a specific period.\u003C/span>\u003C/td>\u003C/tr>\u003Ctr>\u003Ctd>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">Whole Life Insurance\u003C/span>\u003C/td>\u003Ctd>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">Lifelong coverage.\u003C/span>\u003C/td>\u003Ctd>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">Pays the sum assured whenever death occurs.\u003C/span>\u003C/td>\u003Ctd>\u003Cul>\u003Cli>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">Builds cash value. \u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">Fixed premiums for life. Long-term financial security and estate planning.\u003C/span>\u003C/li>\u003C/ul>\u003C/td>\u003Ctd>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">Individuals seeking lifelong protection and a savings component.\u003C/span>\u003C/td>\u003C/tr>\u003Ctr>\u003Ctd>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">Endowment Plans\u003C/span>\u003C/td>\u003Ctd>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">Insurance combined with savings.\u003C/span>\u003C/td>\u003Ctd>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">Pays the sum assured if death occurs during the term; lump sum at maturity if you survive.\u003C/span>\u003C/td>\u003Ctd>\u003Cul>\u003Cli>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">Acts as a forced savings tool. \u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">Lower risk compared to market-linked plans. \u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">Goals like education funds or retirement.\u003C/span>\u003C/li>\u003C/ul>\u003C/td>\u003Ctd>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">Individuals seeking a combination of insurance and disciplined savings.\u003C/span>\u003C/td>\u003C/tr>\u003Ctr>\u003Ctd>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">Money-Back Policies\u003C/span>\u003C/td>\u003Ctd>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">Endowment plan with periodic payouts.\u003C/span>\u003C/td>\u003Ctd>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">Pays the full sum assured (minus survival benefits) if death occurs.\u003C/span>\u003C/td>\u003Ctd>\u003Cul>\u003Cli>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">Regular payouts during the policy term. \u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">Remaining sum assured + bonuses at maturity.\u003C/span>\u003C/li>\u003C/ul>\u003C/td>\u003Ctd>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">Individuals seeking regular income during the policy term and a lump sum at maturity.\u003C/span>\u003C/td>\u003C/tr>\u003C/tbody>\u003C/table>\u003Ch2>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">\u003Cstrong>Factors Affecting Guaranteed Death Sum Assured\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">Understanding the factors influencing the Guaranteed Death Sum Assured in life insurance policies is essential for tailoring coverage to your financial goals. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">Key elements include:\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">\u003Cstrong>Policy Terms and Conditions\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">The policy term refers to the duration your insurance coverage remains active, while the premium-paying term is when you pay premiums. These terms significantly impact the sum assured. A longer policy term extends coverage, ensuring beneficiaries receive the sum assured over an extended period. Likewise, opting for a limited premium-paying term means you pay premiums for a shorter duration, which can result in a higher sum assured compared to paying premiums over the entire policy term.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">\u003Cstrong>Premium Payment Options\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">The method and frequency of premium payments also affect the sum assured:\u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">\u003Cstrong>Single Premium Payment: \u003C/strong>Paying the entire premium upfront can lead to a higher sum assured, as the insurer receives the full amount immediately, allowing for greater investment potential.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">\u003Cstrong>Regular Premium Payments: \u003C/strong>Choosing between monthly, quarterly, or annual payments can influence the total premium amount and, consequently, the sum assured. Annual payments provide discounts, potentially increasing the sum assured for the same premium.\u003C/span>\u003C/li>\u003C/ul>\u003Ch2>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">\u003Cstrong> Benefits of Guaranteed Death Sum Assured\u003C/strong>\u003C/span>\u003C/h2>\u003Cul>\u003Cli>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">\u003Cstrong>Financial Security:\u003C/strong> The primary purpose of Life Insurance is to provide financial protection. The guaranteed death sum assured ensures the family has financial resources to support their needs without the policyholder.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">\u003Cstrong>Peace of Mind:\u003C/strong> Knowing that their loved ones will receive a fixed sum upon their death, policyholders can have peace of mind, allowing them to live without anxiety about their family’s financial future.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">\u003Cstrong>Legacy Planning: \u003C/strong>It plays a significant role in legacy planning, enabling policyholders to leave behind a financial cushion for their heirs, making it easier for them to manage expenses related to education, housing, and other essential needs.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">\u003Cstrong>Tax benefits:\u003C/strong> Under Section 80C of the Income Tax Act, the premiums you pay towards your Life Insurance Policy are eligible for tax deductions, up to a maximum of INR 1.5 lakh per financial year. The death benefit received by your beneficiaries is completely tax-free under Section 10(10D) of the Income Tax Act. Maturity benefits are also tax-exempt under Section 10(10D).\u003C/span>\u003C/li>\u003C/ul>\u003Ch2>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">\u003Cstrong>Conclusion\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">The guaranteed death sum assured is a cornerstone of life insurance products and holistic financial planning. This financial tool provides a safety net in times of tragedy and facilitates long-term financial stability through strategy integration, risk management, and tax benefits. \u003C/span>\u003C/p>\u003Cp>\u003Ca href=\"https://www.shriramlife.com/life-insurance/assured-income-plan\" target=\"_blank\">\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">Shriram Life Assured Income Plan\u003C/span>\u003C/a>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\"> (UIN: 128N053V05) is designed to meet your financial goals, providing a structured approach to savings and a reliable income stream for your retirement, ensuring peace of mind and security for your future.\u003C/span>\u003C/p>","category":"/blog/assured-income-plan"},{"title":"What is Guaranteed Maturity Sum Assured in Assured Income Plan?","heading":"What is Guaranteed Maturity Sum Assured in Assured Income Plan?","short_description":"\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\" lang=\"EN-IN\">Planning a secure future can become challenging when you’re uncertain of the returns your investments will fetc\u003C/span>\u003C/p>","tile_image":[{"media_img":{"url":"https://cdn.shriramlife.com/slic-kalam/files/2025-03/understanding-guaranteed-maturity-sum-assured-in-assured-income-plan_0.jpg?VersionId=WZGWvEJXrxVzChLueKGWtknRmhsBgTaC","alt":"Understanding Guaranteed maturity Sum Assured"},"media_svg":null,"media_svg_alt":"","media_document":null}],"posted_on":"2025-03-20T11:14:53","updated_on":"2025-03-20T11:14:59","read_more_title":"Know More","slug":"/what-is-guaranteed-maturity-sum-assured-in-assured-income-plan","field_bl_tag":"\u003Ca href=\"/blog/guides/recent\" hreflang=\"en\">Recent\u003C/a>, \u003Ca href=\"/blog/guides/savings\" hreflang=\"en\">Savings\u003C/a>","description":"\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Planning a secure future can become challenging when you’re uncertain of the returns your investments will fetch. Hence, more people are becoming increasingly cautious about evaluating their investment returns. If you’re investing in a Life Insurance Policy for financial protection and stability, you must focus on the guaranteed maturity sum assured that the policy will provide on maturity. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">This information will assist you in making informed monthly budgets that support effortless lifestyle management without exerting any financial strain. This blog discusses guaranteed maturity sum assured in Assured Income Plans so you can confidently invest in the right policies and gain better control over your financial future. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Understanding Guaranteed Maturity Sum Assured\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Definition and Importance\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">A guaranteed maturity sum assured is the fixed, predetermined amount an insurer agrees to pay the policyholder on policy maturity. This Life Insurance Policy maturity amount remains unaffected by external conditions, such as economic downturns, market fluctuations, etc. The amount’s predictability and stability lay a strong foundation for an individual’s financial future. It eliminates financial uncertainty, helping individuals make informed purchases, living expenses, etc., for a stress- free and comfortable life. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>How Guaranteed Maturity Sum Assured Works\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Calculation and Payout\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Insurance companies calculate this amount based on numerous factors, such as premium amount, policyholder’s entry age, policy term, premium payment term, etc. Insurers use actuarial calculations to determine this figure. While different insurers may follow varying calculation processes, it is generally expressed as a multiple of the annual premium or a percentage of the total premiums paid over the policy term. Once the policy matures, insurers may pay the maturity amount as a lump sum or structured scheduled payments over a predetermined period. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Types of Policies providing Guaranteed Maturity Sum Assured\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Policy Options\u003C/strong>\u003C/span>\u003C/h3>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Endowment Plans\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Endowment Plans blend insurance protection with savings. You can view them as systematic Savings Plans that also provide life coverage benefits, creating a financial cushion for your family. These plans are perfect for individuals looking for predictable Life Insurance maturity benefits. While numerous Endowment Plans provide guaranteed maturity sum assured, our \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/new-shri-life-plan\">\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Shriram New Shri Life Plan\u003C/span>\u003C/a>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">(UIN: 128N047V03) provides unmatched benefits. It lets you earn a higher sum assured, even with lower premiums. Policyholders also receive tax benefits in insurance, reversionary bonuses, terminal bonuses, multiple policy tenures, etc. \u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Money-Back Plans\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Money-Back Plans remain a popular investment choice for many because they provide periodic payouts at regular intervals throughout the policy term. Unlike Traditional Life Insurance Policy, Money-Back Plans don’t release benefits only on maturity. People with intermediate financial commitments, such as paying a child’s school fees, maintaining daily household expenses, etc., can benefit immensely from such policies. These plans combine the best features of protection and Investment Plans, and provide a guaranteed maturity sum assured. \u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Assured Income Plans\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Anyone prioritizing long-term financial protection must consider including an Assured Income Plan in their portfolio. These plans are designed to provide fixed income after a particular period or on maturity. While you may invest in Assured Income Policies to support your major mid-term life goals, these plans are also perfect for creating a steady, predictable income source for your golden years. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">It is one of the best Retirement Plans you can have in your portfolio, featuring a guaranteed maturity sum assured. Anyone exploring the best investment options to create an additional income source must check out the \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/assured-income-plan\" target=\"_blank\">\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Shriram Life Assured Income Plan\u003C/span>\u003C/a>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\"> \u003C/span>\u003Cspan lang=\"EN\" lang=\"EN\">(UIN: 128N053V05)\u003C/span>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">. This plan provides assured income, flexible terms, life insurance coverage, multiple premium payment options, etc., \u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Child Plans\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Child Plans are designed to secure children’s future, especially when one of their parents (policyholder) passes away. The policy’s guaranteed maturity sum assured ensures that children effortlessly finish their education and accomplish major life events without experiencing any financial scarcity. Consider exploring the \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/new-shri-vidya-plan\" target=\"_blank\">\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Shriram Life New Shri Vidya Plan\u003C/span>\u003C/a>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\"> \u003C/span>\u003Cspan>(UIN: 128N051V03)\u003C/span>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\"> to secure your child’s future.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">This policy provides guaranteed money-back benefits in the policy’s last four years. Premium rebates for higher coverage, systematic savings creation, additional bonuses, and death benefits are notable highlights of this plan, making it desirable for most parents. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Factors Affecting Guaranteed Maturity Sum Assured\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Policy Terms and Conditions\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Policy terms and conditions significantly impact the guaranteed maturity sum assured in several ways. For instance, longer policy terms usually provide higher return multipliers because the insurer benefits from the extended investment periods. Some policies also give guaranteed additions and bonuses, enhancing the guaranteed maturity sum assured amount. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Your rider selection can also influence the base guaranteed sum assured, as can the policy’s surrender provisions and loan facilities. Since some individuals may find the policy’s terms and conditions challenging to comprehend, we recommend consulting a professional for personalized guidance and support. \u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Premium Payment Options\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Premium payment options, such as payment frequency and structure, directly influence the guaranteed maturity sum assured in assured income plans. People choosing annual premium payments over monthly or quarterly options can expect higher guaranteed maturity sum assured because insurers incur lower administrative costs in such cases. Additionally, limited premium payment options, like single premium policies, provide comparatively lower sum assured but give income certainty. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Benefits of Guaranteed Maturity Sum Assured\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Financial Security \u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Financial planning is gaining popularity because everyone wants financial protection at varying life stages. One of the best ways to achieve this is by investing in secure and low-risk investment options, such as Assured Income Plans with guaranteed maturity sum assured. Since they provide predictable, stable, and secure returns, policyholders can effortlessly maintain their desired lifestyle and fulfil all financial obligations without stress or worry. The guaranteed maturity amount also eliminates financial uncertainty, enabling individuals to enjoy their life. \u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Tax Benefits and Savings\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Investing in a Life Insurance Policy with a guaranteed maturity sum assured can help policyholders enjoy tax benefits in insurance u/s 80C and 10(10D). You can claim premium payments as a deduction u/s 80C to reduce your taxable income and tax liability. Claims cannot exceed INR 1,50,000 in one financial year. Maturity proceeds from some policies can be tax-exempt u/s 10(10D) if certain conditions are fulfilled, helping you earn tax-free income. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Choosing the Right Policy\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Selecting the perfect Life Insurance Policy requires careful evaluation of numerous factors. We encourage individuals to start their policy search only after finalizing their financial goals. This one step can help you shortlist the right policies. You should compare multiple policies against their premium payment options, coverage, flexibility, terms and conditions, and extra benefits like bonuses, available riders, etc. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">After evaluating the shortlisted policies, you can pick the ones that effortlessly align with your financial goals. If it looks overwhelming and confusing, consider consulting an experienced financial professional to understand how a particular policy will fit into your portfolio. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Conclusion\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Having a policy with guaranteed maturity sum assured can secure your financial future by providing a predictable amount on policy maturity. This economic certainty and security can help you plan your expenses accordingly, enabling you to live a fulfilled life. If you’re ready to experience the comfort and peace of mind it provides, consider investing in appropriate assured income plans at Shriram Life Insurance. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">We’re one of India’s leading insurance providers with a wide range of \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/savings-plan\" target=\"_blank\">\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Savings\u003C/span>\u003C/a>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">, \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/child-plan\" target=\"_blank\">\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Child\u003C/span>\u003C/a>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">, \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/retirement-plan\" target=\"_blank\">\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Retirement\u003C/span>\u003C/a>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">, \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/investment-plan\" target=\"_blank\">\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Investment\u003C/span>\u003C/a>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">, and \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/protection-plan\" target=\"_blank\">\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Protection Plans\u003C/span>\u003C/a>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">. Every policy is designed to help policyholders achieve financial protection and reach varying financial goals, so explore the options today. You can also \u003C/span>\u003Ca href=\"https://www.shriramlife.com/reach-us\" target=\"_blank\">\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">contact our team\u003C/span>\u003C/a>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\"> for guidance or clarity on specific products.\u003C/span>\u003C/p>","category":"/blog/assured-income-plan"},{"title":"How to Plan for Regular Income After You Retire Using Assured Income Plan?","heading":"Secure Your Retirement with Assured Income Plans","short_description":"\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\" lang=\"EN-IN\">Retirement can transform what should be a peaceful, stress-free period into one of excessive worry and stress i\u003C/span>\u003C/p>","tile_image":[{"media_img":{"url":"https://cdn.shriramlife.com/slic-kalam/files/2025-03/how-to-plan-for-regular-income-after-you-retire-using-assured-income-plan__1.jpg?VersionId=Y7.MP1sYbZ8FRL0PWq_lYykWguvV0vqM","alt":"Plan regular income after your retirement"},"media_svg":null,"media_svg_alt":"","media_document":null}],"posted_on":"2025-03-19T05:34:01","updated_on":"2025-03-19T05:34:19","read_more_title":"Know More","slug":"/secure-retirement-with-assured-income-plans","field_bl_tag":"\u003Ca href=\"/blog/guides/recent\" hreflang=\"en\">Recent\u003C/a>, \u003Ca href=\"/blog/guides/savings\" hreflang=\"en\">Savings\u003C/a>","description":"\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Retirement can transform what should be a peaceful, stress-free period into one of excessive worry and stress if you don’t create adequate regular income streams to support your post-retirement lifestyle. Having arrangements for guaranteed income during retirement can help you comfortably enjoy your golden years instead of worrying about outliving your savings. While there are numerous financial instruments to generate retirement income, Assured Income Plans emerge as the best option because of their flexibility, low-risk profile, and guaranteed income security. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">If you want to achieve long-term stability and effortlessly handle all financial obligations during pre- and post-retirement stages, you must consider including guaranteed Retirement Income Plans in your portfolio. This blog covers more about these plans so you can make informed investment decisions. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>The Importance of Regular Income in Retirement\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Why Regular Income Matters\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Retirement ends the steady source of income that helps individuals plan their monthly expenses and other financial commitments. Retirees with irregular retirement incomes or no secondary income sources often struggle with economic uncertainty, affecting their ability to run their households effectively. It even makes some retirees dependent on others for financial support. Having a regular and guaranteed income source during retirement can eliminate all these challenges by restoring your financial stability. \u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Common Financial Concerns in Retirement\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">One of the biggest retirement worries is running out of money. The rising living costs, economic uncertainties, medical emergencies, etc., can slowly destroy your retirement savings. People reliant on pension funds as their only retirement income stream may also have financial concerns, such as struggling to maintain the desired lifestyle. Having Savings Plans like an Assured Income Plan can help you live comfortably through guaranteed, periodic payouts. You can also invest in appropriate Investment Plans to ease your financial responsibilities. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Introduction to Assured Income Plans\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>What is an Assured Income Plan?\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">An Assured Income Plan is a financial product that combines the best features of savings, child, and retirement plans. Its most notable feature is the regular income option, which helps replace consistent salaried income with retirement income provided by insurance companies. This plan creates a secure financial cushion, helping people manage their expenses efficiently post-retirement. The \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/assured-income-plan\" target=\"_blank\">\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Shriram Life Assured Income Plan\u003C/span>\u003C/a>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\"> (UIN: 128N053V05) is one such product that provides a regular income option to support monthly expenses. \u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>How Assured Income Plans Work?\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">The plan mechanics are straightforward for most assured income plans. It requires policyholders to pay premiums for a predetermined period. After the premium-paying term is over, policyholders start receiving regular payouts throughout the pre-agreed duration. Since the plans provide guaranteed income, it’s ideal for anyone with a low-risk tolerance. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Key Features of Assured Income Plans\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Guaranteed Income Stream\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">One of the biggest benefits of investing in Assured Income Plans is their financial assurance. Unlike market-linked investments that fluctuate, the returns/payouts from these plans remain fixed. The predictability of this guaranteed income enables retirees to plan their expenses efficiently without worrying about running out of money. You may explore the \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/sunishchit-laabh\" target=\"_blank\">\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Shriram Life Sunishchit Laabh\u003C/span>\u003C/a>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\"> (UIN no - 128N126V01) plan as it provides guaranteed returns in the form of income and various other benefits. \u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Tax Benefits and Advantages\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Investing in Assured Income plans can become one of your best retirement income strategies as they provide guaranteed income and tax benefits. You can claim all premium payments as deductions u/s 80C, up to INR 1,50,000. Maturity proceeds can also be tax-free, subject to specific rules and the prevailing tax laws during maturity.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>How Assured Income Plans Provide Stability\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Ensuring Financial Stability\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Many Assured Income Plans provide regular income support for an extended period, so you don’t experience financial worry at any point during your post-retirement. The predictable and consistent payouts help you achieve long-term stability, improving your overall life quality.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Peace of Mind in Retirement\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Every retiree craves retirement comfort and peace of mind. Fortunately, you can experience both through thoughtful financial planning. Following the best retirement income strategies, like investing in Assured Income Plans, can help you build a stable and predictable income source for retirement. This income will cover all living expenses, promoting peace of mind.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Selecting the Ideal Assured Income Plan for Your Needs\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Assessing Your Financial Goals\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">The only way to enjoy optimal benefits from these plans is by picking the right plan that aligns with your financial goals. Start by determining the amount you’ll need for a comfortable post-retirement living and adjust it with the average inflation rate. You can also consider your financial obligations and retirement objectives, such as funding a child’s marriage, higher education, building a house, etc., to decide the non-negotiables when exploring a policy’s coverage and offers. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Use all the gathered insights to invest in a plan that aligns with your goals. Before proceeding with this step, you can explore the best retirement planning tips shared online or by trusted financial experts. \u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Evaluating Risk Tolerance\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Risk tolerance should be central to all your investment decisions. If you want fixed-income security during retirement, always choose plans with the least or zero financial risk, such as assured income plans. However, if you can handle moderate to high risk and want to accumulate wealth for retirement, then explore options like the \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/golden-jubilee-plan\" target=\"_blank\">\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Shriram Life Golden Jubilee Plan\u003C/span>\u003C/a>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\"> (UIN 128L095V01).\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Real-Life Success Stories with Assured Income Plans\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Atul, a 30-year-old businessman, invested in Assured Income Plans to secure his financial future. He chose the 15-year premium payment term and paid INR 50,000/annual premium plus taxes. After the end of 15 years, Ram became eligible to receive INR 1,13,500/annum for the next 15 years. This additional income helped him fulfil his financial obligations as a father and husband while enabling him to strengthen his retirement fund. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Meera, a 45-year-old schoolteacher, wanted to enjoy a comfortable retirement life, so she invested in an Assured Income Plan with a 10-year premium payment term. She paid INR 75,000/annually plus taxes. Meera started receiving INR 1,80,000/annum from the 11th year onwards. She will receive it for the next 20 years, ending all her financial worries. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Common Questions About Assured Income Plans \u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">One of the most common questions people have about Assured Income Plans is whether they will generate enough retirement income for a comfortable living. Some even question the ‘fixed’ nature of regular income paid by insurers and the liquidity aspect. Consult any professional financial advisor if you want answers considering your financial goals and preferences. Alternatively, you can follow the expert tips to make an informed decision. \u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Expert Advice and Tips\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Financial experts always encourage individuals to compare multiple Assured Income Plans to find the option that provides maximum value and aligns with their financial goals. Factoring risk tolerance is also encouraged to prevent financial losses. Lastly, consult an experienced financial professional, like a CA or certified retirement planner, to make wise investment choices. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">\u003Cstrong>Conclusion\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Planning a financially secure retirement is a non-negotiable for any person who wants to comfortably enjoy their golden years. Assured Income Plans have emerged as peoples’ most preferred option to create a retirement income source because of their inherent low-risk nature and financial certainty. If you’re ready to secure your retirement, start exploring the best Guaranteed Income Plans at \u003C/span>\u003Ca href=\"https://www.shriramlife.com/\" target=\"_blank\">\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Shriram Life Insurance\u003C/span>\u003C/a>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">. We provide various Insurance Plans, such as \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/child-plan\" target=\"_blank\">\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Child\u003C/span>\u003C/a>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">, \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/savings-plan\" target=\"_blank\">\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Savings\u003C/span>\u003C/a>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">, \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/protection-plan\" target=\"_blank\">\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Protection\u003C/span>\u003C/a>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">, \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/investment-plan\" target=\"_blank\">\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Investment\u003C/span>\u003C/a>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">, \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/retirement-plan\" target=\"_blank\">\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">Retirement Plans\u003C/span>\u003C/a>\u003Cspan lang=\"EN-IN\" lang=\"EN-IN\">, etc., that can help you build a financially secure future for yourself and your family. \u003C/span>\u003C/p>","category":"/blog/assured-income-plan"},{"title":"Creating a Guaranteed Income Stream Using Life Insurance Plans Effectively","heading":"Unlock Financial Security with Smart Insurance Plans","short_description":"\u003Cp>\u003Cspan>Every individual wants financial stability during retirement or challenging situations, such as sudden job loss, unavoidable major expenses, \u003C/span>\u003C/p>","tile_image":[{"media_img":{"url":"https://cdn.shriramlife.com/slic-kalam/files/2025-03/creating-a-guaranteed-income-stream-using-life-insurance-plans-effectively_0.jpg?VersionId=4kQlCt_jIXICAg0RAUErvtQsUbYA5J2N","alt":"Guaranteed income stream using life insurance plans"},"media_svg":null,"media_svg_alt":"","media_document":null}],"posted_on":"2025-03-18T07:49:49","updated_on":"2025-03-18T07:49:53","read_more_title":"Know More","slug":"/unlock-financial-security-with-smart-insurance-plans","field_bl_tag":"\u003Ca href=\"/blog/guides/recent\" hreflang=\"en\">Recent\u003C/a>, \u003Ca href=\"/blog/guides/savings\" hreflang=\"en\">Savings\u003C/a>","description":"\u003Cp>\u003Cspan>Every individual wants financial stability during retirement or challenging situations, such as sudden job loss, unavoidable major expenses, etc. While savings can help navigate challenging situations, excessive reliance on savings can exhaust them quickly. That’s why creating a guaranteed income stream unaffected by economic downturns or your primary job is essential. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>In India, Life Insurance Plans have emerged as a reliable tool for building guaranteed income streams, providing security and income predictability. This blog dives deeper into the topic to help people explore sustainable ways to generate fixed income streams. \u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>Understanding Guaranteed Income Streams\u003C/strong>\u003C/h2>\u003Cp>\u003Cspan>A Guaranteed Income Stream refers to a steady flow of fixed payouts received at regular intervals. These consistent payouts contribute to financial security regardless of market conditions. Whether you’re a retiree or a working professional struggling with rising inflation, having an additional, guaranteed income stream can make your life easy.\u003C/span>\u003C/p>\u003Cp>\u003Cspan>You can explore various options to help you create a stable income stream outside your job or business, such as immediate & deferred annuities, senior citizens’ savings schemes, post office Monthly Income Schemes, Assured Income Insurance Plans, etc.\u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>Types of Life Insurance Plans for Guaranteed Income\u003C/strong>\u003C/h2>\u003Ch3>\u003Cstrong>Assured Income Plans\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>Assured Income Plans are structured life insurance policies that provide guaranteed income to policyholders for a predetermined period after the premium payment term ends. These plans are preferred for their low-risk profile and flexibility. If you’re looking for similar plans to build long-term stability, then consider \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/assured-income-plan\" target=\"_blank\">\u003Cspan>Shriram Life Assured Income Plan\u003C/span>\u003C/a>\u003Cspan> (UIN: 128N053V05). It provides a regular income option to assist policyholders with their monthly expenses. The plan also features a life insurance cover with additional protection through riders to establish a financial cushion for your family. \u003C/span>\u003C/p>\u003Ch3>\u003Cstrong>Whole Life Insurance Plans\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>Whole Life Insurance is a type of Traditional Permanent Life Insurance that provides lifelong coverage. The most notable highlight of these plans is that they accumulate a cash value over time that can be accessed through withdrawals or taking loans against the policy from the insurer. Unlike Traditional Term Insurance, these policies don’t expire as long as you continue paying the premiums. Once your plan has accumulated large enough cash value, you can use it to purchase an Annuity for consistent income.\u003C/span>\u003C/p>\u003Ch3>\u003Cstrong>Money-Back Insurance Plans\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>A Money-Back Insurance Plan can be a good addition to your portfolio as it provides periodic payouts at predetermined intervals. Since they ensure liquidity by giving a percentage of the sum insured at regular intervals, you can benefit from it by using the steady cash flow for children’s education, loan repayments, or other financial commitments for a smooth life. \u003C/span>\u003C/p>\u003Ch3>\u003Cstrong>Immediate Annuity Plans\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>If you cannot wait several years to start receiving a steady, predictable income, then you should choose immediate Annuity Plans over other options. These plans start providing regular payments after a one-time lump sum premium payment. You can choose the payout frequency for convenience. The \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/immediate-annuity-plus\" target=\"_blank\">\u003Cspan>Shriram Life Immediate Annuity Plus\u003C/span>\u003C/a>\u003Cspan> (UIN:128N063V07) is the best plan in this category, providing nine different annuity options, surrender benefits, flexibility, etc. Investing in this plan can also earn you tax benefits u/s 80 C.\u003C/span>\u003C/p>\u003Ch3>\u003Cstrong>Deferred Annuity Plans\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>These \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/retirement-plan\" target=\"_blank\">\u003Cspan>Retirement Plans\u003C/span>\u003C/a>\u003Cspan> are designed for people who want to build a guaranteed income stream for the future, especially for their retirement. In this case, you’re expected to pay timely premiums over a period. You can then start receiving fixed payouts after the completion of the deferment phase. If you want to meet your financial obligations along the way, consider investing in \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/savings-plan\" target=\"_blank\">\u003Cspan>Savings Plans\u003C/span>\u003C/a>\u003Cspan> or \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/investment-plan\" target=\"_blank\">\u003Cspan>Investment Plans\u003C/span>\u003C/a>\u003Cspan> that complement your \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/deferred-annuity-plan\" target=\"_blank\">\u003Cspan>Shriram Life Deferred annuity plan\u003C/span>\u003C/a>\u003Cspan> (UIN: 128N105V03).\u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>How Life Insurance Plans Ensure Guaranteed Income\u003C/strong>\u003C/h2>\u003Cp>\u003Cspan>Most Life Insurance Plans help create a guaranteed income stream for policyholders by combining structured premium payments, predefined payout structures, and fixed interest accumulation. If you’re investing in Non-Linked Non-Participating Life Insurance for income security, insurers will invest your premiums in a combination of low-risk, high-yield instruments to ensure steady capital growth regardless of economic downturns or fluctuating market conditions. Additionally, insurers operate under strict IRDA frameworks and guidelines to ensure policyholders receive the promised guaranteed income. \u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>Benefits of Using Life Insurance for Guarantee Income\u003C/strong>\u003C/h2>\u003Ch3>\u003Cstrong>Financial Security\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>Life Insurance Plans, such as Assured Income policies, help you achieve financial security at various life stages. They provide fixed income at predetermined intervals so policyholders can use it to fund their lifestyle expenses and maintain all financial obligations without any stress and pressure. Most policies also include life insurance coverage, creating financial security for your family after your death. \u003C/span>\u003C/p>\u003Ch3>\u003Cstrong>Tax Advantages\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>One of the best financial security strategies you can follow to build an additional income stream is investing in Life Insurance Plans that align with your financial goals. You can enjoy tax benefits on these policy purchases u/s 80 C. It allows individuals to deduct their premium payments, up to INR 1,50,000 in one financial year, to lower their taxable income and liability. Some plans also provide tax-exempt maturity proceeds, subject to specific conditions. Death proceeds are always tax-exempt. \u003C/span>\u003C/p>\u003Ch3>\u003Cstrong>Stability\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>Investing in the right insurance plan can help you build effortless financial stability. Since returns from most non-linked non- participating plans are fixed, you don’t have to worry about economic uncertainty at any point in time. These plans’ predictability and security lay a strong foundation for long-term stability. If you want to experience financial stability without worrying about economic downturns or market fluctuations, invest in options like \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/sunishchit-laabh\" target=\"_blank\">\u003Cspan>Shriram Life Sunishchit Laabh\u003C/span>\u003C/a>\u003Cspan> (128N126V01).\u003C/span>\u003C/p>\u003Cp>\u003Cspan>It combines Life Insurance with guaranteed long-term income up to 40 years so you can live to your fullest without worrying about finances. The plan also provides multiple payout options, loyalty additions, additional benefits for female lives, two life cover options, etc., making it the best plan in the market. \u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>Choosing the Right Life Insurance Plan\u003C/strong>\u003C/h2>\u003Cp>\u003Cspan>You can only enjoy optimal benefits from using Life Insurance Policies for income generation if you invest in the right plan. We encourage individuals to always start by defining their financial goals, such as retirement fund creation, supporting a child’s higher education expenses, accumulating a certain amount for a child’s marriage, etc. Once identified, look for Life Insurance Plans that can help you fulfil these goals.\u003C/span>\u003C/p>\u003Cp>\u003Cspan>Before finalizing any policy, people must factor in their risk tolerance and consider applicable tax implications to make the right purchase. Anyone feeling confused or overwhelmed with the options, policy terms, etc., must consult a reliable financial professional for personalized guidance.\u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>Real-Life Examples and Case Studies\u003C/strong>\u003C/h2>\u003Cp>\u003Cspan>Rajesh, a 60-year-old government employee, always prioritized financial security for his golden years. While he had a pension, he worried it wouldn’t be enough to cover the rising cost of living. Hence, he supplemented his pension income with a guaranteed income stream created through immediate annuity plans. This fixed, risk-free, and predictable income helped Rajesh enjoy a stress-free life, allowing him to focus on his hobbies and enjoyment.\u003C/span>\u003C/p>\u003Cp>\u003Cspan>Meera, a 45-year-old single mother, wanted to secure her child’s future without financial stress. She invested in a money-back insurance plan that provided her guaranteed payouts at predetermined fixed intervals, helping her support her child’s higher education effortlessly. She now lives confidently and worry-free, knowing her child’s future is protected. \u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>Conclusion\u003C/strong>\u003C/h2>\u003Cp>\u003Cspan>Everyone can benefit from an additional income stream outside of their primary business or job. It can help people achieve financial security and stability at different life stages. Whether planning for retirement, family protection, or future goals, investing in fixed- income- generating insurance plans can help you achieve all your goals. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>If you’re ready to secure your future or take a step to achieve your major life goals, start exploring the different Life Insurance Plans at \u003C/span>\u003Ca href=\"https://www.shriramlife.com/\" target=\"_blank\">\u003Cspan>Shriram Life Insurance\u003C/span>\u003C/a>\u003Cspan>. We provide numerous savings, retirement, investment, \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/protection-plan\" target=\"_blank\">\u003Cspan>protection\u003C/span>\u003C/a>\u003Cspan>, and \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/child-plan\">\u003Cspan>child plans\u003C/span>\u003C/a>\u003Cspan> designed to fulfil various financial goals. If you’re overwhelmed with the range of policies, \u003C/span>\u003Ca href=\"https://www.shriramlife.com/reach-us\" target=\"_blank\">\u003Cspan>contact our team\u003C/span>\u003C/a>\u003Cspan> for prompt support.\u003C/span>\u003C/p>","category":"/blog/assured-income-plan"},{"title":"Is Life Insurance Worth It for Young Adults?","heading":"Is Life Insurance Worth for Young Adults?","short_description":"\u003Cp>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\" lang=\"EN-GB\">Life Insurance is often viewed as a financial product reserved for older individuals, usually those with famili\u003C/span>\u003C/p>","tile_image":[{"media_img":{"url":"https://cdn.shriramlife.com/slic-kalam/files/2025-03/is-life-insurance-worth-it-for-young-adults__0.jpg?VersionId=0XtAKeKp9lc6ve_9Fv6vru43zdlQuXR5","alt":"Is life insurance worth for young people?"},"media_svg":null,"media_svg_alt":"","media_document":null}],"posted_on":"2025-03-17T07:18:19","updated_on":"2025-03-17T07:18:23","read_more_title":"Know More","slug":"/is-life-insurance-worth-for-young-adults","field_bl_tag":"\u003Ca href=\"/blog/guides/recent\" hreflang=\"en\">Recent\u003C/a>, \u003Ca href=\"/blog/guides/life-insurance\" hreflang=\"en\">Life Insurance\u003C/a>","description":"\u003Cp>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">Life Insurance is often viewed as a financial product reserved for older individuals, usually those with families or substantial debts. However, young adults increasingly recognize its importance in their overall financial plans. This blog will explore why Life Insurance can be a wise investment for young people, explain its benefits, and explain how to choose the right policy.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">\u003Cstrong>What Is Life Insurance?\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">Life Insurance is a contract between the policyholder and an insurance company. In exchange for regular premium payments, the insurer promises to provide a specified death benefit to beneficiaries upon the insured's death. It serves as a financial safety net, ensuring that dependents or loved ones are financially protected in the event of an untimely death.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">\u003Cstrong>How Does Life Insurance Work?\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">When you purchase a Life Insurance policy, you choose a coverage amount and a premium. If the insured passes away during the policy term, the insurer pays the predetermined amount to the beneficiaries. If the policyholder survives the term, some policies provide a cash value component that can be accessed during their lifetime.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">\u003Cstrong>Benefits of Life Insurance for Young Adults\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">\u003Cstrong>Financial Security\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">One of the primary reasons young adults should consider \u003C/span>\u003Ca href=\"https://www.shriramlife.com\" target=\"_blank\">\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">Shriram Life Insurance\u003C/span>\u003C/a>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\"> is financial security. In an unexpected death, Life Insurance can provide monetary support to dependents, such as partners, children, or other family members.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">While other financial products (like \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/savings-plan\" target=\"_blank\">\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">savings plans\u003C/span>\u003C/a>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\"> or \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/savings-plan\" target=\"_blank\">\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">investment plans\u003C/span>\u003C/a>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">) provide some level of security, they may not provide sufficient funds to cover sudden obligations like mortgage payments, college tuition, or everyday expenses during a difficult time.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">\u003Cstrong>Affordable Premiums\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">A significant benefit of obtaining Life Insurance at a young age is the cost- effectiveness of premiums. Typically, premiums are lower for younger individuals because they pose a lower risk to insurers. This means young adults can lock in lower rates for Life Insurance coverage, making it a financially savvy decision.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">For instance, a 25-year old might pay considerably less for a policy than a 40- year old. Over time, this initial investment can pay dividends, as affordable premiums result in substantial savings throughout the coverage period.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">\u003Cstrong>Investment Component\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">Certain Life Insurance policies, such as whole or universal Life Insurance, include an investment component. This feature allows the policy to accumulate cash value over time, which can be borrowed against or used as savings.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">Compared with other investment avenues, such as stocks or mutual funds, Life Insurance provides a guaranteed return alongside death benefits, making it a dual- purpose financial tool for young adults looking to grow their wealth while securing their future.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">\u003Cstrong>Peace of Mind\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">Having Life Insurance provides peace of mind- a safety net can reduce worries about financial burdens on loved ones. Young adults often juggle various responsibilities, from student loans to starting families. Knowing that they have a plan to protect their dependents can significantly reduce anxiety about future uncertainties.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">\u003Cstrong>How to Choose the Right Life Insurance Policy\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">\u003Cstrong>Assess Your Financial Goals\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">Before selecting a Life Insurance policy, young adults should evaluate their financial goals and needs. Consider aspects like:\u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">\u003Cstrong>Dependents\u003C/strong>: Who relies on you financially?\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">\u003Cstrong>Debts\u003C/strong>: Do you have any loans or mortgages?\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">\u003Cstrong>Future Plans\u003C/strong>: Are you planning to start a family or pursue significant life changes?\u003C/span>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">Aligning these factors with the right Life Insurance policy can help ensure that you choose the coverage that best fits your situation.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">\u003Cstrong>Compare Different Policies\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">It's essential to shop around and compare various policies. Look for key features, including:\u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">\u003Cstrong>Coverage Amount\u003C/strong>: Ensure the policy provides sufficient coverage for your needs.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">\u003Cstrong>Premium Costs\u003C/strong>: What monthly cost fits within your budget?\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">\u003Cstrong>Policy Terms\u003C/strong>: What are the conditions for claiming benefits?\u003C/span>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">By comparing multiple policies, young adults can make informed decisions that suit their specific financial situations.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">\u003Cstrong>Consider Professional Advice\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">Understanding Life Insurance and the various policies provided by an insurer can be complicated. Seeking advice from financial advisors or insurance experts can provide clarity. They can help explain the various options available, factors affecting premiums, and the best strategies for incorporating Life Insurance into your broader financial plan.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">\u003Cstrong>Conclusion\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">Investing in Life Insurance as a young adult may seem premature to some. Still, this decision can provide significant advantages, including financial security, affordability, potential investment growth, and peace of mind. By understanding the benefits and taking the time to select the right policy, young adults can lay a strong financial foundation for their futures, protecting themselves and their loved ones from unforeseen circumstances. As life's uncertainties loom, having a comprehensive plan such as \u003C/span>\u003Ca href=\"https://www.shriramlife.com/life-insurance/assured-income-plan\" target=\"_blank\">\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\">Shriram life Assured Income Plan\u003C/span>\u003C/a>\u003Cspan lang=\"EN-GB\" lang=\"EN-GB\"> which includes Life Insurance can be one of the most responsible and beneficial choices a young adult can make.\u003C/span>\u003C/p>","category":"/blog/advice"},{"title":"A Parent's Guide to Long-Term Investment Options for Your Child","heading":"Top Investment Tips to Secure Your Child’s Future","short_description":"\u003Cp>Starting early with long-term investments is crucial when securing a child's financial future.\u003C/p>","tile_image":[{"media_img":{"url":"https://cdn.shriramlife.com/slic-kalam/files/2025-03/a-parent-s-guide-to-long-term-investment-options-for-your-child_0.jpg?VersionId=_hfau2.r2YC6tDpu4Q1Cv1XXfx2W9nwZ","alt":"Long Term investment options for children"},"media_svg":null,"media_svg_alt":"","media_document":null}],"posted_on":"2025-03-14T11:34:02","updated_on":"2025-03-14T11:34:05","read_more_title":"Know More","slug":"/top-investment-tips-to-secure-childs-future","field_bl_tag":"\u003Ca href=\"/blog/guides/recent\" hreflang=\"en\">Recent\u003C/a>, \u003Ca href=\"/blog/guides/child-plan\" hreflang=\"en\">Child\u003C/a>","description":"\u003Cp>Starting early with long-term investments is crucial when securing a child's financial future. By planning, parents can build a solid financial foundation that supports their child's ambitions, from education to home ownership. This guide highlights various long-term investment options tailored for children while emphasizing the importance of early financial planning.\u003C/p>\u003Ch2>\u003Cstrong>Why Long-Term Investments Are Important\u003C/strong>\u003C/h2>\u003Ch3>\u003Cstrong>The Power of Time and Compound Interest\u003C/strong>\u003C/h3>\u003Cp>Long-term investments are vital because they harness the power of compound interest. This phenomenon enables your money to grow exponentially over time. The earlier you start investing for your child, the more time your investments have to mature, leading to potentially greater wealth accumulation. For instance, regularly investing a small sum from birth can result in a substantial nest egg when your child is ready for college or making significant life decisions.\u003C/p>\u003Ch2>\u003Cstrong>Investment Options for Your Child\u003C/strong>\u003C/h2>\u003Cp>Parents can choose from several avenues when exploring investment options, each with unique benefits and considerations.\u003C/p>\u003Ch3>\u003Cstrong>Children’s Savings Accounts\u003C/strong>\u003C/h3>\u003Cp>Children’s savings accounts are an excellent starting point for teaching kids about saving money. These accounts often provide favorable interest rates and low minimum balance requirements, making them accessible for families. It is essential to weigh the need for accessibility with the desire for growth when considering these accounts. Children's savings accounts provide several benefits, including teaching financial literacy, budgeting, and banking basics. They help children develop a savings habit and can provide slightly higher interest rates than regular savings accounts. These accounts serve as emergency funds and promote goal-based saving, teaching children the value of money and delayed fulfilment. They also demonstrate the power of compounding as children see their savings grow. Also, there are tax benefits, particularly for education-related expenses, and some accounts even provide free insurance coverage, such as education insurance.\u003C/p>\u003Cp>However, there are limitations, such as modest growth potential compared to higher-risk investments and the impact of inflation, which may reduce the real purchasing power of savings. Additionally, children's accounts often restrict withdrawals and daily spending to prevent misuse.\u003C/p>\u003Ch3>\u003Cstrong>Whole Life Insurance Policies\u003C/strong>\u003C/h3>\u003Cp>Whole life insurance policies are comprehensive financial tools that provide dual benefits: life insurance coverage and an investment component. These policies provide lifelong coverage, ensuring financial security for your loved ones, and accumulate cash value over time. The cash value grows at a guaranteed rate and can be borrowed against or cashed in, providing flexibility and financial benefits.\u003C/p>\u003Cp>One of the key advantages of whole life insurance is the lifelong coverage it provides, ensuring that your children are financially protected throughout their lives, even if their needs change over time. The policy's cash value accumulation also serves as a savings or investment tool, allowing for future financial goals such as funding education or retirement. The cash value can also be accessed during emergencies or for personal needs, providing flexibility. The guaranteed cash value growth provides stability, making it an attractive long-term financial strategy. Furthermore, whole life insurance can provide tax-deferred growth and potential dividends, enhancing the overall return on investment.\u003C/p>\u003Ch2>\u003Cstrong>Child Plans Available at Shriram Life Insurance\u003C/strong>\u003C/h2>\u003Ch3>\u003Cstrong>Shriram Life New Shri Vidya Plan\u003C/strong>\u003C/h3>\u003Cp>The \u003Ca href=\"https://www.shriramlife.com/life-insurance/new-shri-vidya-plan\" target=\"_blank\">Shriram Life New Shri Vidya Plan\u003C/a> (UIN: 128N051V03) is tailored specifically for children's education needs. It provides a blend of \u003Ca href=\"https://www.shriramlife.com/life-insurance/protection-plan\" target=\"_blank\">protection plan\u003C/a> and \u003Ca href=\"https://www.shriramlife.com/life-insurance/savings-plan\" target=\"_blank\">savings plans\u003C/a> to help secure funds for higher education. This participating, non-linked policy provides insurance protection and savings benefits, with the added advantage of accumulating bonuses to enhance the corpus. It ensures financial security through money-back benefits in the last four years, a death benefit for the policyholder’s family, and flexibility in payout options, including lump sum or regular payments tailored to educational milestones.\u003C/p>\u003Ch3>\u003Cstrong>Key Features\u003C/strong>\u003C/h3>\u003Cul>\u003Cli>Policy Type: Non-linked, participating, individual savings plan.\u003C/li>\u003Cli>Premium: Starting from approximately ₹8,000 annually.\u003C/li>\u003Cli>Sum Assured: Minimum Sum Assured starts from ₹1 lakh, with no maximum limit.\u003C/li>\u003Cli>Policy Term: Minimum 10 years, maximum 25 years.\u003C/li>\u003Cli>Premium Paying Term: Minimum 8 years, maximum 25 years.\u003C/li>\u003Cli>Entry Age: Minimum 30 years, maximum 50 years.\u003C/li>\u003Cli>Maturity Age: Minimum 28 years, maximum 70 years.\u003C/li>\u003Cli>Premium Payment Frequency: Monthly, quarterly, bi-annually, and annually.\u003C/li>\u003Cli>Free Look Period: 30 days from receipt of policy documents to cancel if unsatisfied.\u003C/li>\u003Cli>Grace Period: 30 days for premium payment.\u003C/li>\u003C/ul>\u003Ch2>\u003Cstrong>How to Choose the Right Investment Option\u003C/strong>\u003C/h2>\u003Cp>Selecting the right investment option requires careful consideration of various factors.\u003C/p>\u003Ch3>\u003Cstrong>Assess Your Financial Goals\u003C/strong>\u003C/h3>\u003Cp>Evaluate your personal and family financial goals to determine what you want to achieve through your investments. Consider factors such as your child’s future educational needs and expenses related to their future endeavors. Aligning your investment strategies with these goals will optimize the chances of financial success.\u003C/p>\u003Ch3>\u003Cstrong>Consider Your Risk Tolerance\u003C/strong>\u003C/h3>\u003Cp>Every investment comes with its risks. Understanding your risk tolerance- how much risk you are willing to take- will dictate your investment choices. Lower-risk investments such as savings accounts or life insurance policies might be suitable if you prefer stability. On the other hand, exploring mutual funds or stock options may be advisable if you’re willing to take higher risks for potentially greater returns.\u003C/p>\u003Ch2>\u003Cstrong>Conclusion\u003C/strong>\u003C/h2>\u003Cp>Starting long-term financial planning for your child's future is a proactive step that can yield significant benefits. By investing in suitable \u003Ca href=\"https://www.shriramlife.com/life-insurance/child-plan\" target=\"_blank\">child plans\u003C/a> provided by \u003Ca href=\"https://www.shriramlife.com/\" target=\"_blank\">Shriram Life Insurance\u003C/a>, you ensure financial protection and contribute toward your child’s educational and personal development needs. Choosing the right investment option requires thorough research and introspection. Evaluate your financial goals, assess your risk tolerance, and consider options that align best with your family's needs. Remember, the earlier you begin your investment journey, the more time your savings have to grow.\u003C/p>","category":"/blog/child-plan"}],"blog_count":[{"count":150,"counts":150}],"nothing":"all","nothing_1":317}],"headers":{"x-powered-by":["Express"],"content-type":["text/html; charset=utf-8"],"content-length":["129424"],"etag":["W/\"1f990-ZZ/b2oi5BdAgzDerq6vHwlp7Ln4\""],"vary":["Accept-Encoding"],"date":["Thu, 27 Mar 2025 06:28:08 GMT"],"connection":["keep-alive"],"keep-alive":["timeout=5"]},"status":200,"statusText":"OK","url":"http://127.0.0.1:4000/api/v1/tagged-blogs/317/all","responseType":"json"},"2489646597":{"body":[{"title":"Api - Header","top_nav":[{"title":"Header - Top nav Test","menu_group":[{"title":"Initiate Claim","heading":"Initiate Claim","menu_link":{"url":"https://myaccount.shriramlife.com/CustomerPortal/ClaimIntimation","text":"Initiate Claim"},"sub_menu":[],"classes":"link","menu_style":"Normal","is_new":""},{"title":"New Policy Payment","heading":"New Policy 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life.\u003C/span>\u003C/p>\",\"tile_image\":[{\"media_img\":{\"url\":\"https://cdn.shriramlife.com/slic-kalam/files/2025-03/strategies-for-building-a-strong-financial-future-with-savings-plans_0.jpg?VersionId=w4pQd6pgYqgX156yeH3VtWgVWSLkRIS8\",\"alt\":\"Strategies for building strong financial future with Savings Plans\"},\"media_svg\":null,\"media_svg_alt\":\"\",\"media_document\":null}],\"posted_on\":\"2025-03-26T10:55:20\",\"updated_on\":\"2025-03-26T10:55:27\",\"read_more_title\":\"Know More\",\"slug\":\"/how-to-build-strong-financial-future-with-savings-plans\",\"field_bl_tag\":\"\u003Ca href=\\\"/blog/guides/recent\\\" hreflang=\\\"en\\\">Recent\u003C/a>, \u003Ca href=\\\"/blog/guides/savings\\\" hreflang=\\\"en\\\">Savings\u003C/a>\",\"description\":\"\u003Cp>\u003Cspan>Everyone wants long-term financial security to enjoy a worry-free and comfortable life. This blog aims to help people by discussing how investing in the right Savings Plans can help them build a financially secure future. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>Whether you’re a young individual or a mid-senior-level professional, you will always need strong financial backing to maintain your desired lifestyle while fulfilling your obligations. Savings Plans, such as Assured Income Plans, are one of the best, risk-free ways that can help you build the desired financially fulfilling future. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>If you’re curious how including Savings Plans in your financial planning can contribute to a financially secure future, read the full blog. \u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>The Importance of a Strong Financial Future\u003C/strong>\u003C/h2>\u003Ch3>\u003Cstrong>Why Financial Stability Matters\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>Financial stability is the most important cornerstone of a secure and fulfilling life. When you’re financially stable, you can confidently meet your existing needs and handle whatever challenges life brings tomorrow. Building financial security will give you peace of mind and the freedom to choose plans based on what’s right for you, rather than being driven by economic constraints. \u003C/span>\u003C/p>\u003Ch3>\u003Cstrong>Common Financial Goals\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>While different people have different financial goals, most share a few common goals, such as saving for retirement, wealth creation, buying a house, funding children’s higher education, arranging for children’s marriage, etc. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>Regardless of your short and long-term goals, investing in the right Savings Plans can help you fulfil the goal through guaranteed, risk-free income. Many plans feature combined benefits of Savings, Child, and \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/investment-plan\\\" target=\\\"_blank\\\">\u003Cspan>Investment Plans\u003C/span>\u003C/a>\u003Cspan>, enabling policyholders to achieve multiple goals faster. \u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>Introduction to Savings Plans\u003C/strong>\u003C/h2>\u003Ch3>\u003Cstrong>What is a Savings Plan?\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>A Savings Plan is a thoughtfully designed financial product to help people build a secure fund over time through disciplined and systematic savings. You must include these plans in your financial planning because they provide dual benefits of wealth accumulation and financial protection through life cover. \u003C/span>\u003C/p>\u003Ch3>\u003Cstrong>How do Savings Plans Work?\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>Most Savings Plans work on a straightforward mechanism wherein policyholders pay timely premiums for a pre-determined period. A portion of this payment is allocated towards providing life insurance coverage, while the balance is invested in a pool of low-risk investments that earn steady income. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>This return is paid to policyholders on maturity or after the premium payment term ends. If you’re investing in \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/assured-income-plan\\\" target=\\\"_blank\\\">\u003Cspan>Shriram Life Assured Income Plan\u003C/span>\u003C/a>\u003Cspan> (UIN: 128N053V05), you can receive regular income after a certain period to assist with monthly expenses.\u003C/span>\u003C/p>\u003Cp>\u003Cspan>Besides assured income, this plan will also give you life insurance coverage, flexible policy terms, additional protection through riders, and numerous other benefits.\u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>Key Features of Savings Plans\u003C/strong>\u003C/h2>\u003Ch3>\u003Cstrong>Guaranteed Income Stream\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>One of the most standout features of Savings Plans, such as Assured Income Plans, is guaranteed income. Returns from these plans remain unaffected by external factors, including market fluctuations, economic downturns, etc., so you benefit from the financial certainty that comes from the fixed income stream. You can use this income predictability to plan your future expenses confidently.\u003C/span>\u003C/p>\u003Ch3>\u003Cstrong>Tax Benefits and Advantages\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>Besides financial security, your investment in appropriate Savings Plans can earn you significant tax benefits. You can lower your taxable income and liability by claiming the premium payments as a deduction u/s 80C. Returns from some plans may be tax-exempt if certain conditions are fulfilled u/s 10(10D), earning you tax-free income.\u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>How Savings Plans Provide Stability?\u003C/strong>\u003C/h2>\u003Ch3>\u003Cstrong>Ensuring Financial Stability\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>Savings Plans ensure your future financial needs are met with certainty and consistency through its guaranteed income feature. The fixed and predictable income from these plans ensures that you don’t have to rely on any family member to meet your living expenses, creating peace of mind.\u003C/span>\u003C/p>\u003Cp>\u003Cspan>You must consider investing in Assured Income Plans to enjoy these benefits. If you have other financial obligations, such as funding your children’s education, pair Assured Income Plans with \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/new-shri-vidya-plan\\\" target=\\\"_blank\\\">\u003Cspan>Shriram Life New Shri Vidya Plan\u003C/span>\u003C/a>\u003Cspan> (UIN: 128N051V03).\u003C/span>\u003C/p>\u003Cp>\u003Cspan>This plan provide dual benefits of \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/savings-plan\\\" target=\\\"_blank\\\">\u003Cspan>Savings\u003C/span>\u003C/a>\u003Cspan> and \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/child-plan\\\" target=\\\"_blank\\\">\u003Cspan>Child Plans\u003C/span>\u003C/a>\u003Cspan>, complementing your other investments. These plans will ensure that you effortlessly fulfil all your duties as a father while accumulating wealth for your future and creating a financial cushion for your family.\u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>Selecting the Ideal Savings Plan for Your Needs\u003C/strong>\u003C/h2>\u003Ch3>\u003Cstrong>Assessing Your Financial Goals\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>You should always identify your specific financial goals before exploring any Savings Plans. It is non-negotiable to find the right investment option. For example, invest in Assured Income Plans with a regular income feature if your primary goal is to create an additional income generation source.\u003C/span>\u003C/p>\u003Cp>\u003Cspan>Those with long-term goals, like retirement planning, can explore options such as \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/sunishchit-laabh\\\" target=\\\"_blank\\\">\u003Cspan>Shriram Life Sunishchit Laabh\u003C/span>\u003C/a>\u003Cspan> (UIN:128N126V01). This non-linked, non-participating plan is designed to provide long-term, guaranteed income so policyholders can enjoy their golden years comfortably.\u003C/span>\u003C/p>\u003Cp>\u003Cspan>Since the plan also gives loyalty additions, additional benefits on female lives, multiple payout options, etc., you don’t have to worry about outliving your savings or income.\u003C/span>\u003C/p>\u003Ch3>\u003Cstrong>Evaluating Risk Tolerance\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>Risk management should be at the centre of all your investment decisions. Assured Income Plans are recommended to people with low-risk profiles as the returns remain fixed, irrespective of the market conditions.\u003C/span>\u003C/p>\u003Cp>\u003Cspan>Those with moderate to high-risk tolerance can explore market-linked Savings Plans that facilitate wealth creation over an extended period.\u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>Conclusion\u003C/strong>\u003C/h2>\u003Cp>\u003Cspan>Having Savings Plans in your portfolio is the easiest and least risky way to build a financially secure future. It brings financial certainty, allowing you to confidently maintain your desired lifestyle. People willing to strengthen their financial future must consider investing in Assured Income Plans because of their fixed-income nature.\u003C/span>\u003C/p>\u003Cp>\u003Cspan>At Shriram Life Insurance, one of India’s leading insurance providers, we feature a wide range of Savings Plans to help policyholders build unshakable financial security. Besides Savings Plans, we also feature diverse \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/protection-plan\\\" target=\\\"_blank\\\">\u003Cspan>Protection Plans\u003C/span>\u003C/a>\u003Cspan>, Investment Plans, and more to fulfil various financial goals. You can explore the various plans independently or \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/contact-us/service-request\\\" target=\\\"_blank\\\">\u003Cspan>contact us\u003C/span>\u003C/a>\u003Cspan> for prompt assistance.\u003C/span>\u003C/p>\",\"category\":\"/blog/advice\"},{\"title\":\"Ensuring Financial Stability with Regular Income from Life Insurance\",\"heading\":\"Does Life Insurance Ensure a Regular Income?\",\"short_description\":\"\u003Cp>\u003Cspan>People often choose Life Insurance products for their Life Insurance coverage so their family remains financially secure in the unfortunate c\u003C/span>\u003C/p>\",\"tile_image\":[{\"media_img\":{\"url\":\"https://cdn.shriramlife.com/slic-kalam/files/2025-03/ensuring-financial-stability-with-regular-income-from-life-insurance_0.jpg?VersionId=fFvWjgD4CsgxiLVZA0ssMpOcBs8_8mln\",\"alt\":\"Regular Income from life insurance\"},\"media_svg\":null,\"media_svg_alt\":\"\",\"media_document\":null}],\"posted_on\":\"2025-03-25T06:03:28\",\"updated_on\":\"2025-03-25T06:03:34\",\"read_more_title\":\"Know More\",\"slug\":\"/does-life-insurance-ensure-regular-income\",\"field_bl_tag\":\"\u003Ca href=\\\"/blog/guides/recent\\\" hreflang=\\\"en\\\">Recent\u003C/a>, \u003Ca href=\\\"/blog/guides/savings\\\" hreflang=\\\"en\\\">Savings\u003C/a>\",\"description\":\"\u003Cp>\u003Cspan>People often choose Life Insurance products for their Life Insurance coverage so their family remains financially secure in the unfortunate circumstance of their passing away. However, these financial products provide more than life coverage. Some Life Insurance products provide regular income features to support the policyholder’s financial obligations.\u003C/span>\u003C/p>\u003Cp>\u003Cspan>If you want to build a financially stable life for yourself and your family, investing in such plans should be part of your long-term financial planning. The guaranteed income received from these plans can become an additional income source or replace lost income, enabling you to lead a worry-free and financially secure life. We discuss regular income from Life Insurance in this blog so you can make informed financial investments to achieve economic stability.\u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>What is Regular Income from Life Insurance?\u003C/strong>\u003C/h2>\u003Cp>\u003Cspan>Regular income from Life Insurance policies refers to the structured payouts received by policyholders upon policy maturity or during the pre-agreed period. Depending on the policy's terms and conditions, you can receive the payouts as regular income. For example, if you invest in the \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/premier-assured-benefit-plan\\\" target=\\\"_blank\\\">\u003Cspan>Shriram Life Premier Assured Benefit Plan\u003C/span>\u003C/a>\u003Cspan> (UIN: 128N094V04), you can receive annual earnings from the last premium payment term till the policy maturity.\u003C/span>\u003C/p>\u003Cp>\u003Cspan>This income can be a percentage of your policy’s annualized premium, a lump sum amount, or assured monthly payments, depending on the pre-agreed terms. Since insurers invest your premiums in low-risk financial instruments, the accumulated savings and growth make it easier to pay policyholders regular income. Unlike risky, market-linked investments, such as equities, mutual funds, SIPs, etc., these plans provide predictable and stable income for financial security.\u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>Benefits of Regular Income from Life Insurance\u003C/strong>\u003C/h2>\u003Ch3>\u003Cstrong>Guaranteed Income\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>One of the most notable benefits of Life Insurance with a regular income feature is assured income. Policyholders can receive consistent and predictable income at the predetermined period, eliminating financial uncertainty. While volatile options like equities, ULIPs, and cryptocurrencies may provide higher return potential, they can never match the financial stability and certainty insurance-based income plans offer. If you value assured income over risky higher yields, explore the different types of savings insurance plans with regular income provided by Shriram Life Insurance.\u003C/span>\u003C/p>\u003Ch3>\u003Cstrong>Stable Financial Planning\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>Individuals planning for retirement and other long-term financial goals must include at least one regular income-generating insurance product in their portfolio. It can create a secure income stream that can handle their day-to-day expenses, medical costs, and other expenses essential to sustain the desired lifestyle. At \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/\\\" target=\\\"_blank\\\">\u003Cspan>Shriram Life Insurance\u003C/span>\u003C/a>\u003Cspan>, we offer numerous \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/savings-plan\\\" target=\\\"_blank\\\">\u003Cspan>Savings Plans\u003C/span>\u003C/a>\u003Cspan> and \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/retirement-plan\\\" target=\\\"_blank\\\">\u003Cspan>Retirement Plans\u003C/span>\u003C/a>\u003Cspan> with regular income features, so browse them to find the ideal financial product.\u003C/span>\u003C/p>\u003Ch3>\u003Cstrong>Low-Risk Investment\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>Most insurance plans with guaranteed income are inherently low-risk. They operate under strict regulatory oversight and maintain conservative investment strategies to reduce risk exposure. Unlike market-linked insurance products, these plans don’t get impacted by economic downturns or market fluctuations, preserving your capital and steady growth. If you want a stable, risk-free retirement income from Life Insurance, you may consider investing in \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/assured-income-plan\\\" target=\\\"_blank\\\">\u003Cspan>Shriram Life Assured Income Plan\u003C/span>\u003C/a>\u003Cspan> (UIN: 128N053V05). \u003C/span>\u003C/p>\u003Cp>\u003Cspan>It is a non-linked and non-participating Life Insurance product comprising the best features of Savings, Retirement, and \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/child-plan\\\" target=\\\"_blank\\\">\u003Cspan>Child Plans\u003C/span>\u003C/a>\u003Cspan>. This plan provides a regular income option that can assist you with monthly expenses during retirement or at a predetermined life stage.\u003C/span>\u003C/p>\u003Ch3>\u003Cstrong>Tax Benefits\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>The benefits of Life Insurance plans with guaranteed income aren’t limited to life coverage and regular income. Policyholders can use these plans as efficient tax-saving financial instruments. For instance, if you invest in the \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/early-cash-plan\\\" target=\\\"_blank\\\">\u003Cspan>Shriram Life Early Cash Plan\u003C/span>\u003C/a>\u003Cspan> (UIN: 128N093V02), you can enjoy guaranteed income from the 1st policy anniversary, life coverage, and tax savings, among numerous other benefits.\u003C/span>\u003C/p>\u003Cp>\u003Cspan>You can claim the amount paid as premiums u/s 80 C to lower your taxable income and increase your savings. The deductions are capped at ₹1,50,000 u/s 80 C. Maturity proceeds can be tax-free if certain conditions are met. Maturity proceeds received as death benefits remain tax-exempt. We recommend consulting your financial advisor for efficient tax planning.\u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>How to Choose the Right Life Insurance Plan for Regular Income?\u003C/strong>\u003C/h2>\u003Ch3>\u003Cstrong>Assess Your Financial Goals\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>Everyone has different financial goals, so you should always start by assessing your financial needs. Estimate how much regular income you would need to effortlessly lead a worry-free life after retirement or a specific period. Factor in inflation and arrive at the ideal amount.\u003C/span>\u003C/p>\u003Cp>\u003Cspan>You should also determine whether you’re investing to create retirement funds or meet your children’s major life events, like their wedding or higher education expenses because not all insurance products are ideal for every goal. If your primary goal is financially securing your retirement years, look for Retirement Plans. Read about the varying benefits of Retirement Plans so you know what to expect while investing.\u003C/span>\u003C/p>\u003Ch3>\u003Cstrong>Compare Different Plans\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>There are numerous Life Insurance products in the Indian market, so you must focus on finding the plan that aligns with your financial goals and needs. You must evaluate every plan based on its terms and conditions, flexibility, policy terms, available riders, Life Insurance coverage, payout options, and premium payments. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>If you’re looking for regular income from Life Insurance with life protection, consider plans like our Shriram Life Assured Income Plan. Our \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/wealth-pro\\\" target=\\\"_blank\\\">\u003Cspan>Shriram Life Wealth Pro\u003C/span>\u003C/a>\u003Cspan>(UIN: 128L096V01) is a better option if your primary consideration is life coverage and wealth accumulation. \u003C/span>\u003C/p>\u003Ch3>\u003Cstrong>Consider Professional Advice\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>Navigating the financial world alone can be overwhelming for many individuals. If you’re experiencing challenges in finding the appropriate investment options or cannot understand how certain insurance plans fit into your long-term financial planning, we encourage consulting professional financial planners/advisors. Since they better understand different financial tools and markets, they can guide you better to achieve financial stability and enjoy the most Life Insurance benefits.\u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>Conclusion\u003C/strong>\u003C/h2>\u003Cp>\u003Cspan>Every individual wants to create multiple secure income streams to strengthen their financial future. While there are numerous ways to achieve it, none comes closer to the benefits provided by insurance-based regular income plans. They provide certainty with their guaranteed income so that you can plan your expenses accordingly. If you want to secure your family’s financial future when you aren’t around or achieve financial stability to live a comfortable post-retirement life, you must consider investing in the appropriate Life Insurance plans featuring regular income benefits.\u003C/span>\u003C/p>\",\"category\":\"/blog/assured-income-plan\"},{\"title\":\"Maximizing Your Savings: The Advantages of Assured Income Plans\",\"heading\":\"How to Boost your Savings with an Assured Income Plan?\",\"short_description\":\"\u003Cp>\u003Cspan>Every individual wants financial security for themselves and their family, especially during their golden years and difficult times.\u003C/span>\u003C/p>\",\"tile_image\":[{\"media_img\":{\"url\":\"https://cdn.shriramlife.com/slic-kalam/files/2025-03/maximizing-your-savings-the-advantages-of-assured-income-plans_0.jpg?VersionId=TWEqYSY1Jm0GxSOUPNeSaAs.jHJClQdx\",\"alt\":\"Advantages of Assured Income Plan\"},\"media_svg\":null,\"media_svg_alt\":\"\",\"media_document\":null}],\"posted_on\":\"2025-03-24T11:01:28\",\"updated_on\":\"2025-03-24T11:01:30\",\"read_more_title\":\"Know More\",\"slug\":\"/secret-to-boost-savings-with-assured-income-plan\",\"field_bl_tag\":\"\u003Ca href=\\\"/blog/guides/recent\\\" hreflang=\\\"en\\\">Recent\u003C/a>, \u003Ca href=\\\"/blog/guides/savings\\\" hreflang=\\\"en\\\">Savings\u003C/a>\",\"description\":\"\u003Cp>\u003Cspan>Every individual wants financial security for themselves and their family, especially during their golden years and difficult times. They invest in financial products as part of their long-term savings strategies to create this security. While numerous financial products can help people maximize savings and get income assurance, Assured Income Plans provide superior benefits. In this blog, we guide you through these plans and their benefits so you can make an informed investment choice.\u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>What are Assured Income Plans?\u003C/strong>\u003C/h2>\u003Cp>\u003Cspan>Assured Income Plans are specialized financial products provided by insurance companies that give dual benefits - Life Insurance coverage and steady income for a predetermined period. They combine the best features of \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/savings-plan\\\" target=\\\"_blank\\\">\u003Cspan>Savings Plans\u003C/span>\u003C/a>\u003Cspan>, \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/retirement-plan\\\" target=\\\"_blank\\\">\u003Cspan>Retirement Plans\u003C/span>\u003C/a>\u003Cspan>, And \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/child-plan\\\" target=\\\"_blank\\\">\u003Cspan>Child Plans\u003C/span>\u003C/a>\u003Cspan>.\u003C/span>\u003C/p>\u003Cp>\u003Cspan>Under these plans, a policyholder makes regular premium payments to keep the plan active. After the plan’s premium payment term is completed, the policyholder receives regular income. You can receive monthly, quarterly, or annual payouts, depending on the provided payout terms.\u003C/span>\u003C/p>\u003Cp>\u003Cspan>Assured Income Plans play a crucial role in financial planning because they provide financial security by ensuring predictable, guaranteed income after the policy term. They also help achieve long-term financial goals, such as funding a child’s higher education, meeting day-to-day financial expenses, building a property, etc.\u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>Advantages of Assured Income Plans\u003C/strong>\u003C/h2>\u003Cul>\u003Cli>\u003Ch3>\u003Cstrong>Guaranteed Returns\u003C/strong>\u003C/h3>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan>Guaranteed returns are a hallmark feature of all Assured Income Plans. Unlike market-linked investments, the returns from these plans aren’t subject to unpredictability and market volatility. They provide predetermined fixed-income assurance.\u003C/span>\u003C/p>\u003Cp>\u003Cspan>The guaranteed returns provide financial security and comfort to policyholders, helping them efficiently manage their financial obligations. If you want fixed returns, avoid investing in stocks, mutual funds, SIPs, etc., as their returns fluctuate with market volatility.\u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Ch3>\u003Cstrong>Stable Income Stream\u003C/strong>\u003C/h3>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan>One of the biggest benefits of Assured Income Plans is that they provide a stable income stream. Insurers accumulate your premium payments as savings and invest in low-risk financial instruments that grow with time. It is returned to the policyholder on policy maturity according to the pre-agreed payout frequency. These plans provide retirees a dependable source of post-retirement income, helping them maintain their lifestyle without worrying about financial instability. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>It also emerges as a reliable solution to address the recurring financial needs of individuals of all ages. While Assured Plans are great for financial stability, you can enhance your safety net by investing in complementing Protection Plans and Retirement Life Insurance Plans.\u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Ch3>\u003Cstrong>Low-Risk Investment\u003C/strong>\u003C/h3>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan>Assured Income Plans are inherently low-risk, making them attractive for individuals seeking financial stability. Since your premiums aren’t invested in market-linked financial instruments, the returns don’t deplete with market fluctuations. Your capital remains secured, and you receive increased returns on maturity.\u003C/span>\u003C/p>\u003Cp>\u003Cspan>Unlike high-risk investments, such as equities, cryptocurrencies, IPOs, hedge funds, etc., your assured income investments are immune to market risks. It can benefit people who prefer capital preservation and financial security over high returns.\u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Ch3>\u003Cstrong>Tax Benefits\u003C/strong>\u003C/h3>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan>Utilizing the available tax benefits while filing income tax returns is an excellent way of maximizing your insurance benefits. You can claim premium payments as deductions u/s 80C, subject to a maximum of ₹1,50,000. Deductions are also available u/s 80D, depending on the number of people you’re paying premium for and your parent’s age.\u003C/span>\u003C/p>\u003Cp>\u003Cspan>If you have multiple insurance and Investment Plans, consult a professional CA for personalised guidance on tax savings. You can also refer to expert financial planning tips online to optimise tax savings. These savings can enhance your overall wealth accumulation effort, so you have more money saved for a secure future.\u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>How to Maximize Savings with Assured Income Plans\u003C/strong>\u003C/h2>\u003Cul>\u003Cli>\u003Ch3>\u003Cstrong>Start Early\u003C/strong>\u003C/h3>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan>Investing in Assured Income Plans from a young age can increase your returns. It allows you to purchase plans with longer duration, such as 10, 12, or even 15 years, so the capital increases significantly by leveraging the power of compounding. It helps you create wealth over the long term. Young investors can also maximize savings by securing lower premiums on Guaranteed Income Plans, translating to higher returns in the future. \u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Ch3>\u003Cstrong>Choose the Right Plan\u003C/strong>\u003C/h3>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan>You must choose the right Assured Income Plans to gain maximum benefits from your investments. Since numerous similar products promise financial security, pick a plan that aligns with your goals. Start by deciding your goal, such as funding a significant life event, securing a steady retirement income, ensuring economic stability for your family, etc. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>Once the goal is finalized, identify and compare multiple assured income plans based on their payout options, premium affordability, flexibility, features, terms and conditions, etc. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>A thorough evaluation will help you pick a plan to fulfil your goals and aspirations. If you’re confused about the available options, consider exploring the \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/assured-income-plan\\\" target=\\\"_blank\\\">\u003Cspan>Shriram Life Assured Income Plan\u003C/span>\u003C/a>\u003Cspan> (UIN: 128N053V05). Unlike similar options, this plan helps you create a financial cushion at low premium payment plans. It features a regular, predictable income option to support your financial obligations easily. \u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Ch3>\u003Cstrong>Regular Contributions\u003C/strong>\u003C/h3>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan>Regular contribution is key to maximizing savings and the plan’s overall benefits. It helps create a larger fund over time so that you can avail of higher payouts upon policy maturity. Consistent contributions keep your policy active and build financial discipline, which is crucial for long-term wealth creation. \u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Ch3>\u003Cstrong>Reinvesting Returns\u003C/strong>\u003C/h3>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan>Policyholders can consider reinvesting their returns to create more income avenues. Reinvesting in relevant financial instruments can help your income grow using compounding principles. You can invest a certain percentage of the proceeds or the entire lumpsum payout based on your risk appetite and financial needs. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>You must select the financial instruments according to your current and long-term financial goals and risk profile. If you’re unsure where to reinvest your returns, we recommend consulting professional financial advisors for personalized guidance. \u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>Who Should Consider Assured Income Plans?\u003C/strong>\u003C/h2>\u003Cp>\u003Cspan>Anyone who prioritizes financial security can invest in assured income plans. If you’re in your 40s and 50s looking to create risk-free and stable post-retirement income, investing in assured income plans can be beneficial. It can build a predictable and steady income source during your golden years that sustains your lifestyle without any worry. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>Parents willing to create funds for their child’s higher education and marriage expenses can also consider these plans. Guaranteed Income Plans are generally ideal for individuals with low-risk profiles who prefer predictable, fixed income over market-linked higher returns. \u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>Conclusion\u003C/strong>\u003C/h2>\u003Cp>\u003Cspan>Assured Income Plans are valuable additions to any financial portfolio, providing guaranteed low-risk returns, a stable income stream, and tax benefits. You can invest in the assured income plans provided by \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/\\\" target=\\\"_blank\\\">\u003Cspan>Shriram Life Insurance\u003C/span>\u003C/a>\u003Cspan> to enjoy all these benefits. Besides assured income plans, Shriram Life Insurance also provides various plans for different financial goals, such as retirement planning, savings, child education, buying a house, etc. You can explore our diverse savings, \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/investment-plan\\\" target=\\\"_blank\\\">\u003Cspan>investment\u003C/span>\u003C/a>\u003Cspan>, retirement, \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/protection-plan\\\" target=\\\"_blank\\\">\u003Cspan>protection\u003C/span>\u003C/a>\u003Cspan>, and child plans designed to help you achieve financial security and fulfil your short-term and long-term financial goals.\u003C/span>\u003C/p>\",\"category\":\"/blog/assured-income-plan\"},{\"title\":\"What is Guaranteed Death Sum Assured in Life Insurance?\",\"heading\":\"What is Guaranteed Death Sum Assured in Life Insurance?\",\"short_description\":\"\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">The \\\"Guaranteed Death Benefit\\\" is often found in Life Insurance Policies and Annuity contracts.\u003C/span>\u003C/p>\",\"tile_image\":[{\"media_img\":{\"url\":\"https://cdn.shriramlife.com/slic-kalam/files/2025-03/what-is-guaranteed-death-sum-assured-in-life-insurance__0.jpg?VersionId=f20n4rlKpSfWPNXDeBzcAxu5RfK7WuCz\",\"alt\":\"What is Guaranteed death sum assured in life insurance\"},\"media_svg\":null,\"media_svg_alt\":\"\",\"media_document\":null}],\"posted_on\":\"2025-03-21T06:14:12\",\"updated_on\":\"2025-03-21T06:14:16\",\"read_more_title\":\"Know More\",\"slug\":\"/what-is-guaranteed-death-sum-assured-in-life-insurance\",\"field_bl_tag\":\"\u003Ca href=\\\"/blog/guides/recent\\\" hreflang=\\\"en\\\">Recent\u003C/a>, \u003Ca href=\\\"/blog/guides/savings\\\" hreflang=\\\"en\\\">Savings\u003C/a>\",\"description\":\"\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">The \\\"Guaranteed Death Benefit\\\" is often found in Life Insurance Policies and Annuity contracts. It guarantees that a minimum amount will be paid to your beneficiaries in the unfortunate event of the policyholder’s demise, regardless of the policy's cash value or market performance.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">This benefit is meant to provide financial security for your loved ones, ensuring they receive a fixed sum, no matter what happens with the policy's investments. It provides peace of mind, knowing your beneficiaries will have a safety net, no matter the circumstances. It’s an important aspect of retirement income planning, helping secure your family’s financial future.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Understanding Guaranteed Death Sum Assured\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Definition of Guaranteed Death Sum Assured\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">As we said before, Guaranteed Death Sum Assured refers to the minimum amount a Life Insurance Policy guarantees to pay out to the beneficiaries upon the death of the insured, provided the policy is active. Unlike some policies that might vary in payout depending on investment performance or other factors, the guaranteed death sum assured provides financial security for the policyholders and their families.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">This feature is necessary within the Life Insurance framework as it ensures that, irrespective of market shifts, the beneficiaries will receive a predetermined sum designed to provide long-term stability after the unfortunate occurrence of the policyholder’s death. This protects the beneficiaries from unexpected financial burdens, ensuring they have enough to cover living expenses, debt, or education costs.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Imagine you have a Life Insurance Policy that guarantees a payout to the dependent family members or nominees if something happens to the policyholder. Let’s say the guaranteed amount is INR 10,00,000. No matter what happens with the policy's investments or changes in the market, the policyholder’s nominated beneficiaries will receive that INR 10,00,000. This ensures they’ll have financial security to cover important expenses, like bills or education, during a tough time.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Importance of Guaranteed Death Sum Assured\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">The guaranteed death sum assured is not merely a technical term but a vital safety net for families. Here are several reasons why this feature is indispensable:\u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Supplementing Retirement Income:\u003C/strong> The guaranteed death sum can act as an additional source of income for beneficiaries, providing them with a financial foundation to manage living expenses in retirement. This can be especially important for families relying on a single income source.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Asset Protection: \u003C/strong>Individuals often seek to safeguard their savings and investments during retirement. A Life Insurance Policy with a guaranteed death sum assured can protect these assets, ensuring they can be passed down to legal heirs without being diminished by debts or other financial obligations.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Enhancing Financial Planning:\u003C/strong> Integrating Life Insurance into retirement strategies allows policyholders to manage their finances better. It can help reach overall financial goals, as the guaranteed death benefit provides security, enabling retirees to draw down their savings more confidently.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Risk Tolerance Consideration:\u003C/strong> Understanding personal risk tolerance is important in retirement planning. The guaranteed sum can provide a safety buffer, allowing retirees to engage in more investment strategies with their remaining assets, knowing their family’s financial future is secured.\u003C/span>\u003C/li>\u003C/ul>\u003Ch2>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>How Guaranteed Death Sum Assured Works\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Understanding how guaranteed death sum assured works involves grasping how it is calculated and paid out. \u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Here’s what you need to know:\u003C/strong>\u003C/span>\u003C/h3>\u003Cul>\u003Cli>\u003Ch4>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Base Sum Assured\u003C/span>\u003C/h4>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">This is the core amount you choose when you purchase the policy. It’s the minimum guaranteed payout your beneficiaries will receive upon your death. \u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Ch4>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Policy Type and Riders\u003C/span>\u003C/h4>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">The type of policy you choose and any additional riders (like accidental death benefit or critical illness cover) can influence the guaranteed death benefit.\u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Ch4>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Policy Duration and Premiums\u003C/span>\u003C/h4>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">The length of your policy and your premiums also play a role. Higher premiums or longer terms may result in a higher guaranteed death benefit.\u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Ch4>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Adjustments for Loans or Withdrawals\u003C/span>\u003C/h4>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">If you’ve taken a loan against your policy or made partial withdrawals (in the case of certain policies like ULIPs or endowment plans), the guaranteed death benefit may be reduced.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Let’s say you purchase a Term Insurance Policy with a base sum assured of INR 1 crore for a 20-year term. Then,\u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Base Sum Assured: \u003C/strong>INR 1 crore (guaranteed).\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Riders: \u003C/strong>You add an accidental death benefit rider for an additional INR 50 lakhs.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Total Guaranteed Death Benefit: \u003C/strong>INR 1.5 crore (INR 1 crore + INR 50 lakhs).\u003C/span>\u003C/li>\u003C/ul>\u003Ch3>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Mechanism of Guaranteed Death Sum Assured\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">In case of the unfortunate event of the policyholder’s passing, the payment process generally unfolds as follows:\u003C/span>\u003C/p>\u003Col type=\\\"1\\\">\u003Cli>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Claim Initiation: \u003C/strong>The beneficiaries or designated claimants must inform Shriram Life Insurance about the policyholder’s passing and submit the necessary documents, including the required certificate.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Verification Process:\u003C/strong> Shriram Life Insurance will verify the claim by reviewing the submitted documents and the terms outlined in the policy.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Payout: \u003C/strong>Once the claim is approved, \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Shriram Life Insurance\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\"> will disburse the guaranteed sum assured, either as a lump sum or through a structured payout plan, based on the policy provisions and the beneficiaries’ preferences.\u003C/span>\u003C/li>\u003C/ol>\u003Ch2>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Types of Life Insurance Policies Providing Guaranteed Death Sum Assured\u003C/strong>\u003C/span>\u003C/h2>\u003Ctable>\u003Ctbody>\u003Ctr>\u003Ctd>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Policy Type\u003C/strong>\u003C/span>\u003C/td>\u003Ctd>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Definition\u003C/strong>\u003C/span>\u003C/td>\u003Ctd>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Guaranteed Death Benefit\u003C/strong>\u003C/span>\u003C/td>\u003Ctd>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Key Features\u003C/strong>\u003C/span>\u003C/td>\u003Ctd>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Ideal For\u003C/strong>\u003C/span>\u003C/td>\u003C/tr>\u003Ctr>\u003Ctd>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Term Life Insurance\u003C/span>\u003C/td>\u003Ctd>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Pure protection for a specific period.\u003C/span>\u003C/td>\u003Ctd>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Pays the full sum assured if death occurs during the policy term.\u003C/span>\u003C/td>\u003Ctd>\u003Cul>\u003Cli>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Affordable premiums. \u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">No cash value. \u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Coverage for temporary needs (loans, income replacement).\u003C/span>\u003C/li>\u003C/ul>\u003C/td>\u003Ctd>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Budget-conscious individuals seeking high coverage for a specific period.\u003C/span>\u003C/td>\u003C/tr>\u003Ctr>\u003Ctd>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Whole Life Insurance\u003C/span>\u003C/td>\u003Ctd>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Lifelong coverage.\u003C/span>\u003C/td>\u003Ctd>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Pays the sum assured whenever death occurs.\u003C/span>\u003C/td>\u003Ctd>\u003Cul>\u003Cli>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Builds cash value. \u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Fixed premiums for life. Long-term financial security and estate planning.\u003C/span>\u003C/li>\u003C/ul>\u003C/td>\u003Ctd>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Individuals seeking lifelong protection and a savings component.\u003C/span>\u003C/td>\u003C/tr>\u003Ctr>\u003Ctd>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Endowment Plans\u003C/span>\u003C/td>\u003Ctd>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Insurance combined with savings.\u003C/span>\u003C/td>\u003Ctd>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Pays the sum assured if death occurs during the term; lump sum at maturity if you survive.\u003C/span>\u003C/td>\u003Ctd>\u003Cul>\u003Cli>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Acts as a forced savings tool. \u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Lower risk compared to market-linked plans. \u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Goals like education funds or retirement.\u003C/span>\u003C/li>\u003C/ul>\u003C/td>\u003Ctd>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Individuals seeking a combination of insurance and disciplined savings.\u003C/span>\u003C/td>\u003C/tr>\u003Ctr>\u003Ctd>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Money-Back Policies\u003C/span>\u003C/td>\u003Ctd>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Endowment plan with periodic payouts.\u003C/span>\u003C/td>\u003Ctd>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Pays the full sum assured (minus survival benefits) if death occurs.\u003C/span>\u003C/td>\u003Ctd>\u003Cul>\u003Cli>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Regular payouts during the policy term. \u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Remaining sum assured + bonuses at maturity.\u003C/span>\u003C/li>\u003C/ul>\u003C/td>\u003Ctd>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Individuals seeking regular income during the policy term and a lump sum at maturity.\u003C/span>\u003C/td>\u003C/tr>\u003C/tbody>\u003C/table>\u003Ch2>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Factors Affecting Guaranteed Death Sum Assured\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Understanding the factors influencing the Guaranteed Death Sum Assured in life insurance policies is essential for tailoring coverage to your financial goals. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Key elements include:\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Policy Terms and Conditions\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">The policy term refers to the duration your insurance coverage remains active, while the premium-paying term is when you pay premiums. These terms significantly impact the sum assured. A longer policy term extends coverage, ensuring beneficiaries receive the sum assured over an extended period. Likewise, opting for a limited premium-paying term means you pay premiums for a shorter duration, which can result in a higher sum assured compared to paying premiums over the entire policy term.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Premium Payment Options\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">The method and frequency of premium payments also affect the sum assured:\u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Single Premium Payment: \u003C/strong>Paying the entire premium upfront can lead to a higher sum assured, as the insurer receives the full amount immediately, allowing for greater investment potential.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Regular Premium Payments: \u003C/strong>Choosing between monthly, quarterly, or annual payments can influence the total premium amount and, consequently, the sum assured. Annual payments provide discounts, potentially increasing the sum assured for the same premium.\u003C/span>\u003C/li>\u003C/ul>\u003Ch2>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong> Benefits of Guaranteed Death Sum Assured\u003C/strong>\u003C/span>\u003C/h2>\u003Cul>\u003Cli>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Financial Security:\u003C/strong> The primary purpose of Life Insurance is to provide financial protection. The guaranteed death sum assured ensures the family has financial resources to support their needs without the policyholder.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Peace of Mind:\u003C/strong> Knowing that their loved ones will receive a fixed sum upon their death, policyholders can have peace of mind, allowing them to live without anxiety about their family’s financial future.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Legacy Planning: \u003C/strong>It plays a significant role in legacy planning, enabling policyholders to leave behind a financial cushion for their heirs, making it easier for them to manage expenses related to education, housing, and other essential needs.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Tax benefits:\u003C/strong> Under Section 80C of the Income Tax Act, the premiums you pay towards your Life Insurance Policy are eligible for tax deductions, up to a maximum of INR 1.5 lakh per financial year. The death benefit received by your beneficiaries is completely tax-free under Section 10(10D) of the Income Tax Act. Maturity benefits are also tax-exempt under Section 10(10D).\u003C/span>\u003C/li>\u003C/ul>\u003Ch2>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Conclusion\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">The guaranteed death sum assured is a cornerstone of life insurance products and holistic financial planning. This financial tool provides a safety net in times of tragedy and facilitates long-term financial stability through strategy integration, risk management, and tax benefits. \u003C/span>\u003C/p>\u003Cp>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/assured-income-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Shriram Life Assured Income Plan\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\"> (UIN: 128N053V05) is designed to meet your financial goals, providing a structured approach to savings and a reliable income stream for your retirement, ensuring peace of mind and security for your future.\u003C/span>\u003C/p>\",\"category\":\"/blog/assured-income-plan\"},{\"title\":\"What is Guaranteed Maturity Sum Assured in Assured Income Plan?\",\"heading\":\"What is Guaranteed Maturity Sum Assured in Assured Income Plan?\",\"short_description\":\"\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Planning a secure future can become challenging when you’re uncertain of the returns your investments will fetc\u003C/span>\u003C/p>\",\"tile_image\":[{\"media_img\":{\"url\":\"https://cdn.shriramlife.com/slic-kalam/files/2025-03/understanding-guaranteed-maturity-sum-assured-in-assured-income-plan_0.jpg?VersionId=WZGWvEJXrxVzChLueKGWtknRmhsBgTaC\",\"alt\":\"Understanding Guaranteed maturity Sum Assured\"},\"media_svg\":null,\"media_svg_alt\":\"\",\"media_document\":null}],\"posted_on\":\"2025-03-20T11:14:53\",\"updated_on\":\"2025-03-20T11:14:59\",\"read_more_title\":\"Know More\",\"slug\":\"/what-is-guaranteed-maturity-sum-assured-in-assured-income-plan\",\"field_bl_tag\":\"\u003Ca href=\\\"/blog/guides/recent\\\" hreflang=\\\"en\\\">Recent\u003C/a>, \u003Ca href=\\\"/blog/guides/savings\\\" hreflang=\\\"en\\\">Savings\u003C/a>\",\"description\":\"\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Planning a secure future can become challenging when you’re uncertain of the returns your investments will fetch. Hence, more people are becoming increasingly cautious about evaluating their investment returns. If you’re investing in a Life Insurance Policy for financial protection and stability, you must focus on the guaranteed maturity sum assured that the policy will provide on maturity. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">This information will assist you in making informed monthly budgets that support effortless lifestyle management without exerting any financial strain. This blog discusses guaranteed maturity sum assured in Assured Income Plans so you can confidently invest in the right policies and gain better control over your financial future. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Understanding Guaranteed Maturity Sum Assured\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Definition and Importance\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">A guaranteed maturity sum assured is the fixed, predetermined amount an insurer agrees to pay the policyholder on policy maturity. This Life Insurance Policy maturity amount remains unaffected by external conditions, such as economic downturns, market fluctuations, etc. The amount’s predictability and stability lay a strong foundation for an individual’s financial future. It eliminates financial uncertainty, helping individuals make informed purchases, living expenses, etc., for a stress- free and comfortable life. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>How Guaranteed Maturity Sum Assured Works\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Calculation and Payout\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Insurance companies calculate this amount based on numerous factors, such as premium amount, policyholder’s entry age, policy term, premium payment term, etc. Insurers use actuarial calculations to determine this figure. While different insurers may follow varying calculation processes, it is generally expressed as a multiple of the annual premium or a percentage of the total premiums paid over the policy term. Once the policy matures, insurers may pay the maturity amount as a lump sum or structured scheduled payments over a predetermined period. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Types of Policies providing Guaranteed Maturity Sum Assured\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Policy Options\u003C/strong>\u003C/span>\u003C/h3>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Endowment Plans\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Endowment Plans blend insurance protection with savings. You can view them as systematic Savings Plans that also provide life coverage benefits, creating a financial cushion for your family. These plans are perfect for individuals looking for predictable Life Insurance maturity benefits. While numerous Endowment Plans provide guaranteed maturity sum assured, our \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/new-shri-life-plan\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram New Shri Life Plan\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">(UIN: 128N047V03) provides unmatched benefits. It lets you earn a higher sum assured, even with lower premiums. Policyholders also receive tax benefits in insurance, reversionary bonuses, terminal bonuses, multiple policy tenures, etc. \u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Money-Back Plans\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Money-Back Plans remain a popular investment choice for many because they provide periodic payouts at regular intervals throughout the policy term. Unlike Traditional Life Insurance Policy, Money-Back Plans don’t release benefits only on maturity. People with intermediate financial commitments, such as paying a child’s school fees, maintaining daily household expenses, etc., can benefit immensely from such policies. These plans combine the best features of protection and Investment Plans, and provide a guaranteed maturity sum assured. \u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Assured Income Plans\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Anyone prioritizing long-term financial protection must consider including an Assured Income Plan in their portfolio. These plans are designed to provide fixed income after a particular period or on maturity. While you may invest in Assured Income Policies to support your major mid-term life goals, these plans are also perfect for creating a steady, predictable income source for your golden years. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">It is one of the best Retirement Plans you can have in your portfolio, featuring a guaranteed maturity sum assured. Anyone exploring the best investment options to create an additional income source must check out the \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/assured-income-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Assured Income Plan\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> \u003C/span>\u003Cspan lang=\\\"EN\\\" lang=\\\"EN\\\">(UIN: 128N053V05)\u003C/span>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">. This plan provides assured income, flexible terms, life insurance coverage, multiple premium payment options, etc., \u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Child Plans\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Child Plans are designed to secure children’s future, especially when one of their parents (policyholder) passes away. The policy’s guaranteed maturity sum assured ensures that children effortlessly finish their education and accomplish major life events without experiencing any financial scarcity. Consider exploring the \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/new-shri-vidya-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life New Shri Vidya Plan\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> \u003C/span>\u003Cspan>(UIN: 128N051V03)\u003C/span>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> to secure your child’s future.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">This policy provides guaranteed money-back benefits in the policy’s last four years. Premium rebates for higher coverage, systematic savings creation, additional bonuses, and death benefits are notable highlights of this plan, making it desirable for most parents. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Factors Affecting Guaranteed Maturity Sum Assured\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Policy Terms and Conditions\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Policy terms and conditions significantly impact the guaranteed maturity sum assured in several ways. For instance, longer policy terms usually provide higher return multipliers because the insurer benefits from the extended investment periods. Some policies also give guaranteed additions and bonuses, enhancing the guaranteed maturity sum assured amount. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Your rider selection can also influence the base guaranteed sum assured, as can the policy’s surrender provisions and loan facilities. Since some individuals may find the policy’s terms and conditions challenging to comprehend, we recommend consulting a professional for personalized guidance and support. \u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Premium Payment Options\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Premium payment options, such as payment frequency and structure, directly influence the guaranteed maturity sum assured in assured income plans. People choosing annual premium payments over monthly or quarterly options can expect higher guaranteed maturity sum assured because insurers incur lower administrative costs in such cases. Additionally, limited premium payment options, like single premium policies, provide comparatively lower sum assured but give income certainty. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Benefits of Guaranteed Maturity Sum Assured\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Financial Security \u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Financial planning is gaining popularity because everyone wants financial protection at varying life stages. One of the best ways to achieve this is by investing in secure and low-risk investment options, such as Assured Income Plans with guaranteed maturity sum assured. Since they provide predictable, stable, and secure returns, policyholders can effortlessly maintain their desired lifestyle and fulfil all financial obligations without stress or worry. The guaranteed maturity amount also eliminates financial uncertainty, enabling individuals to enjoy their life. \u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Tax Benefits and Savings\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Investing in a Life Insurance Policy with a guaranteed maturity sum assured can help policyholders enjoy tax benefits in insurance u/s 80C and 10(10D). You can claim premium payments as a deduction u/s 80C to reduce your taxable income and tax liability. Claims cannot exceed INR 1,50,000 in one financial year. Maturity proceeds from some policies can be tax-exempt u/s 10(10D) if certain conditions are fulfilled, helping you earn tax-free income. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Choosing the Right Policy\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Selecting the perfect Life Insurance Policy requires careful evaluation of numerous factors. We encourage individuals to start their policy search only after finalizing their financial goals. This one step can help you shortlist the right policies. You should compare multiple policies against their premium payment options, coverage, flexibility, terms and conditions, and extra benefits like bonuses, available riders, etc. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">After evaluating the shortlisted policies, you can pick the ones that effortlessly align with your financial goals. If it looks overwhelming and confusing, consider consulting an experienced financial professional to understand how a particular policy will fit into your portfolio. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Conclusion\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Having a policy with guaranteed maturity sum assured can secure your financial future by providing a predictable amount on policy maturity. This economic certainty and security can help you plan your expenses accordingly, enabling you to live a fulfilled life. If you’re ready to experience the comfort and peace of mind it provides, consider investing in appropriate assured income plans at Shriram Life Insurance. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">We’re one of India’s leading insurance providers with a wide range of \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/savings-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Savings\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">, \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/child-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Child\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">, \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/retirement-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Retirement\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">, \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/investment-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Investment\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">, and \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/protection-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Protection Plans\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">. Every policy is designed to help policyholders achieve financial protection and reach varying financial goals, so explore the options today. You can also \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/reach-us\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">contact our team\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> for guidance or clarity on specific products.\u003C/span>\u003C/p>\",\"category\":\"/blog/assured-income-plan\"},{\"title\":\"How to Plan for Regular Income After You Retire Using Assured Income Plan?\",\"heading\":\"Secure Your Retirement with Assured Income Plans\",\"short_description\":\"\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Retirement can transform what should be a peaceful, stress-free period into one of excessive worry and stress i\u003C/span>\u003C/p>\",\"tile_image\":[{\"media_img\":{\"url\":\"https://cdn.shriramlife.com/slic-kalam/files/2025-03/how-to-plan-for-regular-income-after-you-retire-using-assured-income-plan__1.jpg?VersionId=Y7.MP1sYbZ8FRL0PWq_lYykWguvV0vqM\",\"alt\":\"Plan regular income after your retirement\"},\"media_svg\":null,\"media_svg_alt\":\"\",\"media_document\":null}],\"posted_on\":\"2025-03-19T05:34:01\",\"updated_on\":\"2025-03-19T05:34:19\",\"read_more_title\":\"Know More\",\"slug\":\"/secure-retirement-with-assured-income-plans\",\"field_bl_tag\":\"\u003Ca href=\\\"/blog/guides/recent\\\" hreflang=\\\"en\\\">Recent\u003C/a>, \u003Ca href=\\\"/blog/guides/savings\\\" hreflang=\\\"en\\\">Savings\u003C/a>\",\"description\":\"\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Retirement can transform what should be a peaceful, stress-free period into one of excessive worry and stress if you don’t create adequate regular income streams to support your post-retirement lifestyle. Having arrangements for guaranteed income during retirement can help you comfortably enjoy your golden years instead of worrying about outliving your savings. While there are numerous financial instruments to generate retirement income, Assured Income Plans emerge as the best option because of their flexibility, low-risk profile, and guaranteed income security. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">If you want to achieve long-term stability and effortlessly handle all financial obligations during pre- and post-retirement stages, you must consider including guaranteed Retirement Income Plans in your portfolio. This blog covers more about these plans so you can make informed investment decisions. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>The Importance of Regular Income in Retirement\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Why Regular Income Matters\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Retirement ends the steady source of income that helps individuals plan their monthly expenses and other financial commitments. Retirees with irregular retirement incomes or no secondary income sources often struggle with economic uncertainty, affecting their ability to run their households effectively. It even makes some retirees dependent on others for financial support. Having a regular and guaranteed income source during retirement can eliminate all these challenges by restoring your financial stability. \u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Common Financial Concerns in Retirement\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">One of the biggest retirement worries is running out of money. The rising living costs, economic uncertainties, medical emergencies, etc., can slowly destroy your retirement savings. People reliant on pension funds as their only retirement income stream may also have financial concerns, such as struggling to maintain the desired lifestyle. Having Savings Plans like an Assured Income Plan can help you live comfortably through guaranteed, periodic payouts. You can also invest in appropriate Investment Plans to ease your financial responsibilities. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Introduction to Assured Income Plans\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>What is an Assured Income Plan?\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">An Assured Income Plan is a financial product that combines the best features of savings, child, and retirement plans. Its most notable feature is the regular income option, which helps replace consistent salaried income with retirement income provided by insurance companies. This plan creates a secure financial cushion, helping people manage their expenses efficiently post-retirement. The \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/assured-income-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Assured Income Plan\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> (UIN: 128N053V05) is one such product that provides a regular income option to support monthly expenses. \u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>How Assured Income Plans Work?\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">The plan mechanics are straightforward for most assured income plans. It requires policyholders to pay premiums for a predetermined period. After the premium-paying term is over, policyholders start receiving regular payouts throughout the pre-agreed duration. Since the plans provide guaranteed income, it’s ideal for anyone with a low-risk tolerance. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Key Features of Assured Income Plans\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Guaranteed Income Stream\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">One of the biggest benefits of investing in Assured Income Plans is their financial assurance. Unlike market-linked investments that fluctuate, the returns/payouts from these plans remain fixed. The predictability of this guaranteed income enables retirees to plan their expenses efficiently without worrying about running out of money. You may explore the \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/sunishchit-laabh\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Sunishchit Laabh\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> (UIN no - 128N126V01) plan as it provides guaranteed returns in the form of income and various other benefits. \u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Tax Benefits and Advantages\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Investing in Assured Income plans can become one of your best retirement income strategies as they provide guaranteed income and tax benefits. You can claim all premium payments as deductions u/s 80C, up to INR 1,50,000. Maturity proceeds can also be tax-free, subject to specific rules and the prevailing tax laws during maturity.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>How Assured Income Plans Provide Stability\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Ensuring Financial Stability\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Many Assured Income Plans provide regular income support for an extended period, so you don’t experience financial worry at any point during your post-retirement. The predictable and consistent payouts help you achieve long-term stability, improving your overall life quality.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Peace of Mind in Retirement\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Every retiree craves retirement comfort and peace of mind. Fortunately, you can experience both through thoughtful financial planning. Following the best retirement income strategies, like investing in Assured Income Plans, can help you build a stable and predictable income source for retirement. This income will cover all living expenses, promoting peace of mind.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Selecting the Ideal Assured Income Plan for Your Needs\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Assessing Your Financial Goals\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">The only way to enjoy optimal benefits from these plans is by picking the right plan that aligns with your financial goals. Start by determining the amount you’ll need for a comfortable post-retirement living and adjust it with the average inflation rate. You can also consider your financial obligations and retirement objectives, such as funding a child’s marriage, higher education, building a house, etc., to decide the non-negotiables when exploring a policy’s coverage and offers. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Use all the gathered insights to invest in a plan that aligns with your goals. Before proceeding with this step, you can explore the best retirement planning tips shared online or by trusted financial experts. \u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Evaluating Risk Tolerance\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Risk tolerance should be central to all your investment decisions. If you want fixed-income security during retirement, always choose plans with the least or zero financial risk, such as assured income plans. However, if you can handle moderate to high risk and want to accumulate wealth for retirement, then explore options like the \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/golden-jubilee-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Golden Jubilee Plan\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> (UIN 128L095V01).\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Real-Life Success Stories with Assured Income Plans\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Atul, a 30-year-old businessman, invested in Assured Income Plans to secure his financial future. He chose the 15-year premium payment term and paid INR 50,000/annual premium plus taxes. After the end of 15 years, Ram became eligible to receive INR 1,13,500/annum for the next 15 years. This additional income helped him fulfil his financial obligations as a father and husband while enabling him to strengthen his retirement fund. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Meera, a 45-year-old schoolteacher, wanted to enjoy a comfortable retirement life, so she invested in an Assured Income Plan with a 10-year premium payment term. She paid INR 75,000/annually plus taxes. Meera started receiving INR 1,80,000/annum from the 11th year onwards. She will receive it for the next 20 years, ending all her financial worries. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Common Questions About Assured Income Plans \u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">One of the most common questions people have about Assured Income Plans is whether they will generate enough retirement income for a comfortable living. Some even question the ‘fixed’ nature of regular income paid by insurers and the liquidity aspect. Consult any professional financial advisor if you want answers considering your financial goals and preferences. Alternatively, you can follow the expert tips to make an informed decision. \u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Expert Advice and Tips\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Financial experts always encourage individuals to compare multiple Assured Income Plans to find the option that provides maximum value and aligns with their financial goals. Factoring risk tolerance is also encouraged to prevent financial losses. Lastly, consult an experienced financial professional, like a CA or certified retirement planner, to make wise investment choices. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Conclusion\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Planning a financially secure retirement is a non-negotiable for any person who wants to comfortably enjoy their golden years. Assured Income Plans have emerged as peoples’ most preferred option to create a retirement income source because of their inherent low-risk nature and financial certainty. If you’re ready to secure your retirement, start exploring the best Guaranteed Income Plans at \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Insurance\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">. We provide various Insurance Plans, such as \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/child-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Child\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">, \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/savings-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Savings\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">, \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/protection-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Protection\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">, \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/investment-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Investment\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">, \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/retirement-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Retirement Plans\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">, etc., that can help you build a financially secure future for yourself and your family. \u003C/span>\u003C/p>\",\"category\":\"/blog/assured-income-plan\"},{\"title\":\"Creating a Guaranteed Income Stream Using Life Insurance Plans Effectively\",\"heading\":\"Unlock Financial Security with Smart Insurance Plans\",\"short_description\":\"\u003Cp>\u003Cspan>Every individual wants financial stability during retirement or challenging situations, such as sudden job loss, unavoidable major expenses, \u003C/span>\u003C/p>\",\"tile_image\":[{\"media_img\":{\"url\":\"https://cdn.shriramlife.com/slic-kalam/files/2025-03/creating-a-guaranteed-income-stream-using-life-insurance-plans-effectively_0.jpg?VersionId=4kQlCt_jIXICAg0RAUErvtQsUbYA5J2N\",\"alt\":\"Guaranteed income stream using life insurance plans\"},\"media_svg\":null,\"media_svg_alt\":\"\",\"media_document\":null}],\"posted_on\":\"2025-03-18T07:49:49\",\"updated_on\":\"2025-03-18T07:49:53\",\"read_more_title\":\"Know More\",\"slug\":\"/unlock-financial-security-with-smart-insurance-plans\",\"field_bl_tag\":\"\u003Ca href=\\\"/blog/guides/recent\\\" hreflang=\\\"en\\\">Recent\u003C/a>, \u003Ca href=\\\"/blog/guides/savings\\\" hreflang=\\\"en\\\">Savings\u003C/a>\",\"description\":\"\u003Cp>\u003Cspan>Every individual wants financial stability during retirement or challenging situations, such as sudden job loss, unavoidable major expenses, etc. While savings can help navigate challenging situations, excessive reliance on savings can exhaust them quickly. That’s why creating a guaranteed income stream unaffected by economic downturns or your primary job is essential. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>In India, Life Insurance Plans have emerged as a reliable tool for building guaranteed income streams, providing security and income predictability. This blog dives deeper into the topic to help people explore sustainable ways to generate fixed income streams. \u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>Understanding Guaranteed Income Streams\u003C/strong>\u003C/h2>\u003Cp>\u003Cspan>A Guaranteed Income Stream refers to a steady flow of fixed payouts received at regular intervals. These consistent payouts contribute to financial security regardless of market conditions. Whether you’re a retiree or a working professional struggling with rising inflation, having an additional, guaranteed income stream can make your life easy.\u003C/span>\u003C/p>\u003Cp>\u003Cspan>You can explore various options to help you create a stable income stream outside your job or business, such as immediate & deferred annuities, senior citizens’ savings schemes, post office Monthly Income Schemes, Assured Income Insurance Plans, etc.\u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>Types of Life Insurance Plans for Guaranteed Income\u003C/strong>\u003C/h2>\u003Ch3>\u003Cstrong>Assured Income Plans\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>Assured Income Plans are structured life insurance policies that provide guaranteed income to policyholders for a predetermined period after the premium payment term ends. These plans are preferred for their low-risk profile and flexibility. If you’re looking for similar plans to build long-term stability, then consider \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/assured-income-plan\\\" target=\\\"_blank\\\">\u003Cspan>Shriram Life Assured Income Plan\u003C/span>\u003C/a>\u003Cspan> (UIN: 128N053V05). It provides a regular income option to assist policyholders with their monthly expenses. The plan also features a life insurance cover with additional protection through riders to establish a financial cushion for your family. \u003C/span>\u003C/p>\u003Ch3>\u003Cstrong>Whole Life Insurance Plans\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>Whole Life Insurance is a type of Traditional Permanent Life Insurance that provides lifelong coverage. The most notable highlight of these plans is that they accumulate a cash value over time that can be accessed through withdrawals or taking loans against the policy from the insurer. Unlike Traditional Term Insurance, these policies don’t expire as long as you continue paying the premiums. Once your plan has accumulated large enough cash value, you can use it to purchase an Annuity for consistent income.\u003C/span>\u003C/p>\u003Ch3>\u003Cstrong>Money-Back Insurance Plans\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>A Money-Back Insurance Plan can be a good addition to your portfolio as it provides periodic payouts at predetermined intervals. Since they ensure liquidity by giving a percentage of the sum insured at regular intervals, you can benefit from it by using the steady cash flow for children’s education, loan repayments, or other financial commitments for a smooth life. \u003C/span>\u003C/p>\u003Ch3>\u003Cstrong>Immediate Annuity Plans\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>If you cannot wait several years to start receiving a steady, predictable income, then you should choose immediate Annuity Plans over other options. These plans start providing regular payments after a one-time lump sum premium payment. You can choose the payout frequency for convenience. The \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/immediate-annuity-plus\\\" target=\\\"_blank\\\">\u003Cspan>Shriram Life Immediate Annuity Plus\u003C/span>\u003C/a>\u003Cspan> (UIN:128N063V07) is the best plan in this category, providing nine different annuity options, surrender benefits, flexibility, etc. Investing in this plan can also earn you tax benefits u/s 80 C.\u003C/span>\u003C/p>\u003Ch3>\u003Cstrong>Deferred Annuity Plans\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>These \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/retirement-plan\\\" target=\\\"_blank\\\">\u003Cspan>Retirement Plans\u003C/span>\u003C/a>\u003Cspan> are designed for people who want to build a guaranteed income stream for the future, especially for their retirement. In this case, you’re expected to pay timely premiums over a period. You can then start receiving fixed payouts after the completion of the deferment phase. If you want to meet your financial obligations along the way, consider investing in \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/savings-plan\\\" target=\\\"_blank\\\">\u003Cspan>Savings Plans\u003C/span>\u003C/a>\u003Cspan> or \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/investment-plan\\\" target=\\\"_blank\\\">\u003Cspan>Investment Plans\u003C/span>\u003C/a>\u003Cspan> that complement your \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/deferred-annuity-plan\\\" target=\\\"_blank\\\">\u003Cspan>Shriram Life Deferred annuity plan\u003C/span>\u003C/a>\u003Cspan> (UIN: 128N105V03).\u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>How Life Insurance Plans Ensure Guaranteed Income\u003C/strong>\u003C/h2>\u003Cp>\u003Cspan>Most Life Insurance Plans help create a guaranteed income stream for policyholders by combining structured premium payments, predefined payout structures, and fixed interest accumulation. If you’re investing in Non-Linked Non-Participating Life Insurance for income security, insurers will invest your premiums in a combination of low-risk, high-yield instruments to ensure steady capital growth regardless of economic downturns or fluctuating market conditions. Additionally, insurers operate under strict IRDA frameworks and guidelines to ensure policyholders receive the promised guaranteed income. \u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>Benefits of Using Life Insurance for Guarantee Income\u003C/strong>\u003C/h2>\u003Ch3>\u003Cstrong>Financial Security\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>Life Insurance Plans, such as Assured Income policies, help you achieve financial security at various life stages. They provide fixed income at predetermined intervals so policyholders can use it to fund their lifestyle expenses and maintain all financial obligations without any stress and pressure. Most policies also include life insurance coverage, creating financial security for your family after your death. \u003C/span>\u003C/p>\u003Ch3>\u003Cstrong>Tax Advantages\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>One of the best financial security strategies you can follow to build an additional income stream is investing in Life Insurance Plans that align with your financial goals. You can enjoy tax benefits on these policy purchases u/s 80 C. It allows individuals to deduct their premium payments, up to INR 1,50,000 in one financial year, to lower their taxable income and liability. Some plans also provide tax-exempt maturity proceeds, subject to specific conditions. Death proceeds are always tax-exempt. \u003C/span>\u003C/p>\u003Ch3>\u003Cstrong>Stability\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>Investing in the right insurance plan can help you build effortless financial stability. Since returns from most non-linked non- participating plans are fixed, you don’t have to worry about economic uncertainty at any point in time. These plans’ predictability and security lay a strong foundation for long-term stability. If you want to experience financial stability without worrying about economic downturns or market fluctuations, invest in options like \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/sunishchit-laabh\\\" target=\\\"_blank\\\">\u003Cspan>Shriram Life Sunishchit Laabh\u003C/span>\u003C/a>\u003Cspan> (128N126V01).\u003C/span>\u003C/p>\u003Cp>\u003Cspan>It combines Life Insurance with guaranteed long-term income up to 40 years so you can live to your fullest without worrying about finances. The plan also provides multiple payout options, loyalty additions, additional benefits for female lives, two life cover options, etc., making it the best plan in the market. \u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>Choosing the Right Life Insurance Plan\u003C/strong>\u003C/h2>\u003Cp>\u003Cspan>You can only enjoy optimal benefits from using Life Insurance Policies for income generation if you invest in the right plan. We encourage individuals to always start by defining their financial goals, such as retirement fund creation, supporting a child’s higher education expenses, accumulating a certain amount for a child’s marriage, etc. Once identified, look for Life Insurance Plans that can help you fulfil these goals.\u003C/span>\u003C/p>\u003Cp>\u003Cspan>Before finalizing any policy, people must factor in their risk tolerance and consider applicable tax implications to make the right purchase. Anyone feeling confused or overwhelmed with the options, policy terms, etc., must consult a reliable financial professional for personalized guidance.\u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>Real-Life Examples and Case Studies\u003C/strong>\u003C/h2>\u003Cp>\u003Cspan>Rajesh, a 60-year-old government employee, always prioritized financial security for his golden years. While he had a pension, he worried it wouldn’t be enough to cover the rising cost of living. Hence, he supplemented his pension income with a guaranteed income stream created through immediate annuity plans. This fixed, risk-free, and predictable income helped Rajesh enjoy a stress-free life, allowing him to focus on his hobbies and enjoyment.\u003C/span>\u003C/p>\u003Cp>\u003Cspan>Meera, a 45-year-old single mother, wanted to secure her child’s future without financial stress. She invested in a money-back insurance plan that provided her guaranteed payouts at predetermined fixed intervals, helping her support her child’s higher education effortlessly. She now lives confidently and worry-free, knowing her child’s future is protected. \u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>Conclusion\u003C/strong>\u003C/h2>\u003Cp>\u003Cspan>Everyone can benefit from an additional income stream outside of their primary business or job. It can help people achieve financial security and stability at different life stages. Whether planning for retirement, family protection, or future goals, investing in fixed- income- generating insurance plans can help you achieve all your goals. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>If you’re ready to secure your future or take a step to achieve your major life goals, start exploring the different Life Insurance Plans at \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/\\\" target=\\\"_blank\\\">\u003Cspan>Shriram Life Insurance\u003C/span>\u003C/a>\u003Cspan>. We provide numerous savings, retirement, investment, \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/protection-plan\\\" target=\\\"_blank\\\">\u003Cspan>protection\u003C/span>\u003C/a>\u003Cspan>, and \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/child-plan\\\">\u003Cspan>child plans\u003C/span>\u003C/a>\u003Cspan> designed to fulfil various financial goals. If you’re overwhelmed with the range of policies, \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/reach-us\\\" target=\\\"_blank\\\">\u003Cspan>contact our team\u003C/span>\u003C/a>\u003Cspan> for prompt support.\u003C/span>\u003C/p>\",\"category\":\"/blog/assured-income-plan\"},{\"title\":\"Is Life Insurance Worth It for Young Adults?\",\"heading\":\"Is Life Insurance Worth for Young Adults?\",\"short_description\":\"\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Life Insurance is often viewed as a financial product reserved for older individuals, usually those with famili\u003C/span>\u003C/p>\",\"tile_image\":[{\"media_img\":{\"url\":\"https://cdn.shriramlife.com/slic-kalam/files/2025-03/is-life-insurance-worth-it-for-young-adults__0.jpg?VersionId=0XtAKeKp9lc6ve_9Fv6vru43zdlQuXR5\",\"alt\":\"Is life insurance worth for young people?\"},\"media_svg\":null,\"media_svg_alt\":\"\",\"media_document\":null}],\"posted_on\":\"2025-03-17T07:18:19\",\"updated_on\":\"2025-03-17T07:18:23\",\"read_more_title\":\"Know More\",\"slug\":\"/is-life-insurance-worth-for-young-adults\",\"field_bl_tag\":\"\u003Ca href=\\\"/blog/guides/recent\\\" hreflang=\\\"en\\\">Recent\u003C/a>, \u003Ca href=\\\"/blog/guides/life-insurance\\\" hreflang=\\\"en\\\">Life Insurance\u003C/a>\",\"description\":\"\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Life Insurance is often viewed as a financial product reserved for older individuals, usually those with families or substantial debts. However, young adults increasingly recognize its importance in their overall financial plans. This blog will explore why Life Insurance can be a wise investment for young people, explain its benefits, and explain how to choose the right policy.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>What Is Life Insurance?\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Life Insurance is a contract between the policyholder and an insurance company. In exchange for regular premium payments, the insurer promises to provide a specified death benefit to beneficiaries upon the insured's death. It serves as a financial safety net, ensuring that dependents or loved ones are financially protected in the event of an untimely death.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>How Does Life Insurance Work?\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">When you purchase a Life Insurance policy, you choose a coverage amount and a premium. If the insured passes away during the policy term, the insurer pays the predetermined amount to the beneficiaries. If the policyholder survives the term, some policies provide a cash value component that can be accessed during their lifetime.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Benefits of Life Insurance for Young Adults\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Financial Security\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">One of the primary reasons young adults should consider \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Shriram Life Insurance\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\"> is financial security. In an unexpected death, Life Insurance can provide monetary support to dependents, such as partners, children, or other family members.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">While other financial products (like \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/savings-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">savings plans\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\"> or \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/savings-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">investment plans\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">) provide some level of security, they may not provide sufficient funds to cover sudden obligations like mortgage payments, college tuition, or everyday expenses during a difficult time.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Affordable Premiums\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">A significant benefit of obtaining Life Insurance at a young age is the cost- effectiveness of premiums. Typically, premiums are lower for younger individuals because they pose a lower risk to insurers. This means young adults can lock in lower rates for Life Insurance coverage, making it a financially savvy decision.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">For instance, a 25-year old might pay considerably less for a policy than a 40- year old. Over time, this initial investment can pay dividends, as affordable premiums result in substantial savings throughout the coverage period.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Investment Component\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Certain Life Insurance policies, such as whole or universal Life Insurance, include an investment component. This feature allows the policy to accumulate cash value over time, which can be borrowed against or used as savings.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Compared with other investment avenues, such as stocks or mutual funds, Life Insurance provides a guaranteed return alongside death benefits, making it a dual- purpose financial tool for young adults looking to grow their wealth while securing their future.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Peace of Mind\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Having Life Insurance provides peace of mind- a safety net can reduce worries about financial burdens on loved ones. Young adults often juggle various responsibilities, from student loans to starting families. Knowing that they have a plan to protect their dependents can significantly reduce anxiety about future uncertainties.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>How to Choose the Right Life Insurance Policy\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Assess Your Financial Goals\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Before selecting a Life Insurance policy, young adults should evaluate their financial goals and needs. Consider aspects like:\u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Dependents\u003C/strong>: Who relies on you financially?\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Debts\u003C/strong>: Do you have any loans or mortgages?\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Future Plans\u003C/strong>: Are you planning to start a family or pursue significant life changes?\u003C/span>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Aligning these factors with the right Life Insurance policy can help ensure that you choose the coverage that best fits your situation.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Compare Different Policies\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">It's essential to shop around and compare various policies. Look for key features, including:\u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Coverage Amount\u003C/strong>: Ensure the policy provides sufficient coverage for your needs.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Premium Costs\u003C/strong>: What monthly cost fits within your budget?\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Policy Terms\u003C/strong>: What are the conditions for claiming benefits?\u003C/span>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">By comparing multiple policies, young adults can make informed decisions that suit their specific financial situations.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Consider Professional Advice\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Understanding Life Insurance and the various policies provided by an insurer can be complicated. Seeking advice from financial advisors or insurance experts can provide clarity. They can help explain the various options available, factors affecting premiums, and the best strategies for incorporating Life Insurance into your broader financial plan.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Conclusion\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Investing in Life Insurance as a young adult may seem premature to some. Still, this decision can provide significant advantages, including financial security, affordability, potential investment growth, and peace of mind. By understanding the benefits and taking the time to select the right policy, young adults can lay a strong financial foundation for their futures, protecting themselves and their loved ones from unforeseen circumstances. As life's uncertainties loom, having a comprehensive plan such as \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/assured-income-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Shriram life Assured Income Plan\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\"> which includes Life Insurance can be one of the most responsible and beneficial choices a young adult can make.\u003C/span>\u003C/p>\",\"category\":\"/blog/advice\"},{\"title\":\"A Parent's Guide to Long-Term Investment Options for Your Child\",\"heading\":\"Top Investment Tips to Secure Your Child’s Future\",\"short_description\":\"\u003Cp>Starting early with long-term investments is crucial when securing a child's financial future.\u003C/p>\",\"tile_image\":[{\"media_img\":{\"url\":\"https://cdn.shriramlife.com/slic-kalam/files/2025-03/a-parent-s-guide-to-long-term-investment-options-for-your-child_0.jpg?VersionId=_hfau2.r2YC6tDpu4Q1Cv1XXfx2W9nwZ\",\"alt\":\"Long Term investment options for children\"},\"media_svg\":null,\"media_svg_alt\":\"\",\"media_document\":null}],\"posted_on\":\"2025-03-14T11:34:02\",\"updated_on\":\"2025-03-14T11:34:05\",\"read_more_title\":\"Know More\",\"slug\":\"/top-investment-tips-to-secure-childs-future\",\"field_bl_tag\":\"\u003Ca href=\\\"/blog/guides/recent\\\" hreflang=\\\"en\\\">Recent\u003C/a>, \u003Ca href=\\\"/blog/guides/child-plan\\\" hreflang=\\\"en\\\">Child\u003C/a>\",\"description\":\"\u003Cp>Starting early with long-term investments is crucial when securing a child's financial future. By planning, parents can build a solid financial foundation that supports their child's ambitions, from education to home ownership. This guide highlights various long-term investment options tailored for children while emphasizing the importance of early financial planning.\u003C/p>\u003Ch2>\u003Cstrong>Why Long-Term Investments Are Important\u003C/strong>\u003C/h2>\u003Ch3>\u003Cstrong>The Power of Time and Compound Interest\u003C/strong>\u003C/h3>\u003Cp>Long-term investments are vital because they harness the power of compound interest. This phenomenon enables your money to grow exponentially over time. The earlier you start investing for your child, the more time your investments have to mature, leading to potentially greater wealth accumulation. For instance, regularly investing a small sum from birth can result in a substantial nest egg when your child is ready for college or making significant life decisions.\u003C/p>\u003Ch2>\u003Cstrong>Investment Options for Your Child\u003C/strong>\u003C/h2>\u003Cp>Parents can choose from several avenues when exploring investment options, each with unique benefits and considerations.\u003C/p>\u003Ch3>\u003Cstrong>Children’s Savings Accounts\u003C/strong>\u003C/h3>\u003Cp>Children’s savings accounts are an excellent starting point for teaching kids about saving money. These accounts often provide favorable interest rates and low minimum balance requirements, making them accessible for families. It is essential to weigh the need for accessibility with the desire for growth when considering these accounts. Children's savings accounts provide several benefits, including teaching financial literacy, budgeting, and banking basics. They help children develop a savings habit and can provide slightly higher interest rates than regular savings accounts. These accounts serve as emergency funds and promote goal-based saving, teaching children the value of money and delayed fulfilment. They also demonstrate the power of compounding as children see their savings grow. Also, there are tax benefits, particularly for education-related expenses, and some accounts even provide free insurance coverage, such as education insurance.\u003C/p>\u003Cp>However, there are limitations, such as modest growth potential compared to higher-risk investments and the impact of inflation, which may reduce the real purchasing power of savings. Additionally, children's accounts often restrict withdrawals and daily spending to prevent misuse.\u003C/p>\u003Ch3>\u003Cstrong>Whole Life Insurance Policies\u003C/strong>\u003C/h3>\u003Cp>Whole life insurance policies are comprehensive financial tools that provide dual benefits: life insurance coverage and an investment component. These policies provide lifelong coverage, ensuring financial security for your loved ones, and accumulate cash value over time. The cash value grows at a guaranteed rate and can be borrowed against or cashed in, providing flexibility and financial benefits.\u003C/p>\u003Cp>One of the key advantages of whole life insurance is the lifelong coverage it provides, ensuring that your children are financially protected throughout their lives, even if their needs change over time. The policy's cash value accumulation also serves as a savings or investment tool, allowing for future financial goals such as funding education or retirement. The cash value can also be accessed during emergencies or for personal needs, providing flexibility. The guaranteed cash value growth provides stability, making it an attractive long-term financial strategy. Furthermore, whole life insurance can provide tax-deferred growth and potential dividends, enhancing the overall return on investment.\u003C/p>\u003Ch2>\u003Cstrong>Child Plans Available at Shriram Life Insurance\u003C/strong>\u003C/h2>\u003Ch3>\u003Cstrong>Shriram Life New Shri Vidya Plan\u003C/strong>\u003C/h3>\u003Cp>The \u003Ca href=\\\"https://www.shriramlife.com/life-insurance/new-shri-vidya-plan\\\" target=\\\"_blank\\\">Shriram Life New Shri Vidya Plan\u003C/a> (UIN: 128N051V03) is tailored specifically for children's education needs. It provides a blend of \u003Ca href=\\\"https://www.shriramlife.com/life-insurance/protection-plan\\\" target=\\\"_blank\\\">protection plan\u003C/a> and \u003Ca href=\\\"https://www.shriramlife.com/life-insurance/savings-plan\\\" target=\\\"_blank\\\">savings plans\u003C/a> to help secure funds for higher education. This participating, non-linked policy provides insurance protection and savings benefits, with the added advantage of accumulating bonuses to enhance the corpus. It ensures financial security through money-back benefits in the last four years, a death benefit for the policyholder’s family, and flexibility in payout options, including lump sum or regular payments tailored to educational milestones.\u003C/p>\u003Ch3>\u003Cstrong>Key Features\u003C/strong>\u003C/h3>\u003Cul>\u003Cli>Policy Type: Non-linked, participating, individual savings plan.\u003C/li>\u003Cli>Premium: Starting from approximately ₹8,000 annually.\u003C/li>\u003Cli>Sum Assured: Minimum Sum Assured starts from ₹1 lakh, with no maximum limit.\u003C/li>\u003Cli>Policy Term: Minimum 10 years, maximum 25 years.\u003C/li>\u003Cli>Premium Paying Term: Minimum 8 years, maximum 25 years.\u003C/li>\u003Cli>Entry Age: Minimum 30 years, maximum 50 years.\u003C/li>\u003Cli>Maturity Age: Minimum 28 years, maximum 70 years.\u003C/li>\u003Cli>Premium Payment Frequency: Monthly, quarterly, bi-annually, and annually.\u003C/li>\u003Cli>Free Look Period: 30 days from receipt of policy documents to cancel if unsatisfied.\u003C/li>\u003Cli>Grace Period: 30 days for premium payment.\u003C/li>\u003C/ul>\u003Ch2>\u003Cstrong>How to Choose the Right Investment Option\u003C/strong>\u003C/h2>\u003Cp>Selecting the right investment option requires careful consideration of various factors.\u003C/p>\u003Ch3>\u003Cstrong>Assess Your Financial Goals\u003C/strong>\u003C/h3>\u003Cp>Evaluate your personal and family financial goals to determine what you want to achieve through your investments. Consider factors such as your child’s future educational needs and expenses related to their future endeavors. Aligning your investment strategies with these goals will optimize the chances of financial success.\u003C/p>\u003Ch3>\u003Cstrong>Consider Your Risk Tolerance\u003C/strong>\u003C/h3>\u003Cp>Every investment comes with its risks. Understanding your risk tolerance- how much risk you are willing to take- will dictate your investment choices. Lower-risk investments such as savings accounts or life insurance policies might be suitable if you prefer stability. On the other hand, exploring mutual funds or stock options may be advisable if you’re willing to take higher risks for potentially greater returns.\u003C/p>\u003Ch2>\u003Cstrong>Conclusion\u003C/strong>\u003C/h2>\u003Cp>Starting long-term financial planning for your child's future is a proactive step that can yield significant benefits. By investing in suitable \u003Ca href=\\\"https://www.shriramlife.com/life-insurance/child-plan\\\" target=\\\"_blank\\\">child plans\u003C/a> provided by \u003Ca href=\\\"https://www.shriramlife.com/\\\" target=\\\"_blank\\\">Shriram Life Insurance\u003C/a>, you ensure financial protection and contribute toward your child’s educational and personal development needs. Choosing the right investment option requires thorough research and introspection. Evaluate your financial goals, assess your risk tolerance, and consider options that align best with your family's needs. Remember, the earlier you begin your investment journey, the more time your savings have to grow.\u003C/p>\",\"category\":\"/blog/child-plan\"}],\"blog_count\":[{\"count\":150,\"counts\":150}],\"nothing\":\"all\",\"nothing_1\":317}]","http://127.0.0.1:4000/api/v1/tagged-blogs/317/all":"[{\"category\":[{\"id\":1781,\"name\":\"Super Income Plan\"},{\"id\":1782,\"name\":\"Advice\"},{\"id\":1930,\"name\":\"Child Plan\"},{\"id\":1979,\"name\":\"Early Cash Plan\"},{\"id\":1982,\"name\":\"Assured Income Plan\"},{\"id\":1984,\"name\":\"Golden Premier Saver Plan\"},{\"id\":1985,\"name\":\"Premier Assured Benefit\"},{\"id\":1986,\"name\":\"Cash Back Term Plan\"}],\"blogs\":[{\"title\":\"Strategies for Building a Strong Financial Future with Savings Plans\",\"heading\":\"How to build Strong Financial Future with Savings Plans\",\"short_description\":\"\u003Cp>\u003Cspan>Everyone wants long-term financial security to enjoy a worry-free and comfortable life.\u003C/span>\u003C/p>\",\"tile_image\":[{\"media_img\":{\"url\":\"https://cdn.shriramlife.com/slic-kalam/files/2025-03/strategies-for-building-a-strong-financial-future-with-savings-plans_0.jpg?VersionId=w4pQd6pgYqgX156yeH3VtWgVWSLkRIS8\",\"alt\":\"Strategies for building strong financial future with Savings Plans\"},\"media_svg\":null,\"media_svg_alt\":\"\",\"media_document\":null}],\"posted_on\":\"2025-03-26T10:55:20\",\"updated_on\":\"2025-03-26T10:55:27\",\"read_more_title\":\"Know More\",\"slug\":\"/how-to-build-strong-financial-future-with-savings-plans\",\"field_bl_tag\":\"\u003Ca href=\\\"/blog/guides/recent\\\" hreflang=\\\"en\\\">Recent\u003C/a>, \u003Ca href=\\\"/blog/guides/savings\\\" hreflang=\\\"en\\\">Savings\u003C/a>\",\"description\":\"\u003Cp>\u003Cspan>Everyone wants long-term financial security to enjoy a worry-free and comfortable life. This blog aims to help people by discussing how investing in the right Savings Plans can help them build a financially secure future. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>Whether you’re a young individual or a mid-senior-level professional, you will always need strong financial backing to maintain your desired lifestyle while fulfilling your obligations. Savings Plans, such as Assured Income Plans, are one of the best, risk-free ways that can help you build the desired financially fulfilling future. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>If you’re curious how including Savings Plans in your financial planning can contribute to a financially secure future, read the full blog. \u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>The Importance of a Strong Financial Future\u003C/strong>\u003C/h2>\u003Ch3>\u003Cstrong>Why Financial Stability Matters\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>Financial stability is the most important cornerstone of a secure and fulfilling life. When you’re financially stable, you can confidently meet your existing needs and handle whatever challenges life brings tomorrow. Building financial security will give you peace of mind and the freedom to choose plans based on what’s right for you, rather than being driven by economic constraints. \u003C/span>\u003C/p>\u003Ch3>\u003Cstrong>Common Financial Goals\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>While different people have different financial goals, most share a few common goals, such as saving for retirement, wealth creation, buying a house, funding children’s higher education, arranging for children’s marriage, etc. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>Regardless of your short and long-term goals, investing in the right Savings Plans can help you fulfil the goal through guaranteed, risk-free income. Many plans feature combined benefits of Savings, Child, and \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/investment-plan\\\" target=\\\"_blank\\\">\u003Cspan>Investment Plans\u003C/span>\u003C/a>\u003Cspan>, enabling policyholders to achieve multiple goals faster. \u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>Introduction to Savings Plans\u003C/strong>\u003C/h2>\u003Ch3>\u003Cstrong>What is a Savings Plan?\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>A Savings Plan is a thoughtfully designed financial product to help people build a secure fund over time through disciplined and systematic savings. You must include these plans in your financial planning because they provide dual benefits of wealth accumulation and financial protection through life cover. \u003C/span>\u003C/p>\u003Ch3>\u003Cstrong>How do Savings Plans Work?\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>Most Savings Plans work on a straightforward mechanism wherein policyholders pay timely premiums for a pre-determined period. A portion of this payment is allocated towards providing life insurance coverage, while the balance is invested in a pool of low-risk investments that earn steady income. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>This return is paid to policyholders on maturity or after the premium payment term ends. If you’re investing in \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/assured-income-plan\\\" target=\\\"_blank\\\">\u003Cspan>Shriram Life Assured Income Plan\u003C/span>\u003C/a>\u003Cspan> (UIN: 128N053V05), you can receive regular income after a certain period to assist with monthly expenses.\u003C/span>\u003C/p>\u003Cp>\u003Cspan>Besides assured income, this plan will also give you life insurance coverage, flexible policy terms, additional protection through riders, and numerous other benefits.\u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>Key Features of Savings Plans\u003C/strong>\u003C/h2>\u003Ch3>\u003Cstrong>Guaranteed Income Stream\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>One of the most standout features of Savings Plans, such as Assured Income Plans, is guaranteed income. Returns from these plans remain unaffected by external factors, including market fluctuations, economic downturns, etc., so you benefit from the financial certainty that comes from the fixed income stream. You can use this income predictability to plan your future expenses confidently.\u003C/span>\u003C/p>\u003Ch3>\u003Cstrong>Tax Benefits and Advantages\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>Besides financial security, your investment in appropriate Savings Plans can earn you significant tax benefits. You can lower your taxable income and liability by claiming the premium payments as a deduction u/s 80C. Returns from some plans may be tax-exempt if certain conditions are fulfilled u/s 10(10D), earning you tax-free income.\u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>How Savings Plans Provide Stability?\u003C/strong>\u003C/h2>\u003Ch3>\u003Cstrong>Ensuring Financial Stability\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>Savings Plans ensure your future financial needs are met with certainty and consistency through its guaranteed income feature. The fixed and predictable income from these plans ensures that you don’t have to rely on any family member to meet your living expenses, creating peace of mind.\u003C/span>\u003C/p>\u003Cp>\u003Cspan>You must consider investing in Assured Income Plans to enjoy these benefits. If you have other financial obligations, such as funding your children’s education, pair Assured Income Plans with \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/new-shri-vidya-plan\\\" target=\\\"_blank\\\">\u003Cspan>Shriram Life New Shri Vidya Plan\u003C/span>\u003C/a>\u003Cspan> (UIN: 128N051V03).\u003C/span>\u003C/p>\u003Cp>\u003Cspan>This plan provide dual benefits of \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/savings-plan\\\" target=\\\"_blank\\\">\u003Cspan>Savings\u003C/span>\u003C/a>\u003Cspan> and \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/child-plan\\\" target=\\\"_blank\\\">\u003Cspan>Child Plans\u003C/span>\u003C/a>\u003Cspan>, complementing your other investments. These plans will ensure that you effortlessly fulfil all your duties as a father while accumulating wealth for your future and creating a financial cushion for your family.\u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>Selecting the Ideal Savings Plan for Your Needs\u003C/strong>\u003C/h2>\u003Ch3>\u003Cstrong>Assessing Your Financial Goals\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>You should always identify your specific financial goals before exploring any Savings Plans. It is non-negotiable to find the right investment option. For example, invest in Assured Income Plans with a regular income feature if your primary goal is to create an additional income generation source.\u003C/span>\u003C/p>\u003Cp>\u003Cspan>Those with long-term goals, like retirement planning, can explore options such as \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/sunishchit-laabh\\\" target=\\\"_blank\\\">\u003Cspan>Shriram Life Sunishchit Laabh\u003C/span>\u003C/a>\u003Cspan> (UIN:128N126V01). This non-linked, non-participating plan is designed to provide long-term, guaranteed income so policyholders can enjoy their golden years comfortably.\u003C/span>\u003C/p>\u003Cp>\u003Cspan>Since the plan also gives loyalty additions, additional benefits on female lives, multiple payout options, etc., you don’t have to worry about outliving your savings or income.\u003C/span>\u003C/p>\u003Ch3>\u003Cstrong>Evaluating Risk Tolerance\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>Risk management should be at the centre of all your investment decisions. Assured Income Plans are recommended to people with low-risk profiles as the returns remain fixed, irrespective of the market conditions.\u003C/span>\u003C/p>\u003Cp>\u003Cspan>Those with moderate to high-risk tolerance can explore market-linked Savings Plans that facilitate wealth creation over an extended period.\u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>Conclusion\u003C/strong>\u003C/h2>\u003Cp>\u003Cspan>Having Savings Plans in your portfolio is the easiest and least risky way to build a financially secure future. It brings financial certainty, allowing you to confidently maintain your desired lifestyle. People willing to strengthen their financial future must consider investing in Assured Income Plans because of their fixed-income nature.\u003C/span>\u003C/p>\u003Cp>\u003Cspan>At Shriram Life Insurance, one of India’s leading insurance providers, we feature a wide range of Savings Plans to help policyholders build unshakable financial security. Besides Savings Plans, we also feature diverse \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/protection-plan\\\" target=\\\"_blank\\\">\u003Cspan>Protection Plans\u003C/span>\u003C/a>\u003Cspan>, Investment Plans, and more to fulfil various financial goals. You can explore the various plans independently or \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/contact-us/service-request\\\" target=\\\"_blank\\\">\u003Cspan>contact us\u003C/span>\u003C/a>\u003Cspan> for prompt assistance.\u003C/span>\u003C/p>\",\"category\":\"/blog/advice\"},{\"title\":\"Ensuring Financial Stability with Regular Income from Life Insurance\",\"heading\":\"Does Life Insurance Ensure a Regular Income?\",\"short_description\":\"\u003Cp>\u003Cspan>People often choose Life Insurance products for their Life Insurance coverage so their family remains financially secure in the unfortunate c\u003C/span>\u003C/p>\",\"tile_image\":[{\"media_img\":{\"url\":\"https://cdn.shriramlife.com/slic-kalam/files/2025-03/ensuring-financial-stability-with-regular-income-from-life-insurance_0.jpg?VersionId=fFvWjgD4CsgxiLVZA0ssMpOcBs8_8mln\",\"alt\":\"Regular Income from life insurance\"},\"media_svg\":null,\"media_svg_alt\":\"\",\"media_document\":null}],\"posted_on\":\"2025-03-25T06:03:28\",\"updated_on\":\"2025-03-25T06:03:34\",\"read_more_title\":\"Know More\",\"slug\":\"/does-life-insurance-ensure-regular-income\",\"field_bl_tag\":\"\u003Ca href=\\\"/blog/guides/recent\\\" hreflang=\\\"en\\\">Recent\u003C/a>, \u003Ca href=\\\"/blog/guides/savings\\\" hreflang=\\\"en\\\">Savings\u003C/a>\",\"description\":\"\u003Cp>\u003Cspan>People often choose Life Insurance products for their Life Insurance coverage so their family remains financially secure in the unfortunate circumstance of their passing away. However, these financial products provide more than life coverage. Some Life Insurance products provide regular income features to support the policyholder’s financial obligations.\u003C/span>\u003C/p>\u003Cp>\u003Cspan>If you want to build a financially stable life for yourself and your family, investing in such plans should be part of your long-term financial planning. The guaranteed income received from these plans can become an additional income source or replace lost income, enabling you to lead a worry-free and financially secure life. We discuss regular income from Life Insurance in this blog so you can make informed financial investments to achieve economic stability.\u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>What is Regular Income from Life Insurance?\u003C/strong>\u003C/h2>\u003Cp>\u003Cspan>Regular income from Life Insurance policies refers to the structured payouts received by policyholders upon policy maturity or during the pre-agreed period. Depending on the policy's terms and conditions, you can receive the payouts as regular income. For example, if you invest in the \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/premier-assured-benefit-plan\\\" target=\\\"_blank\\\">\u003Cspan>Shriram Life Premier Assured Benefit Plan\u003C/span>\u003C/a>\u003Cspan> (UIN: 128N094V04), you can receive annual earnings from the last premium payment term till the policy maturity.\u003C/span>\u003C/p>\u003Cp>\u003Cspan>This income can be a percentage of your policy’s annualized premium, a lump sum amount, or assured monthly payments, depending on the pre-agreed terms. Since insurers invest your premiums in low-risk financial instruments, the accumulated savings and growth make it easier to pay policyholders regular income. Unlike risky, market-linked investments, such as equities, mutual funds, SIPs, etc., these plans provide predictable and stable income for financial security.\u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>Benefits of Regular Income from Life Insurance\u003C/strong>\u003C/h2>\u003Ch3>\u003Cstrong>Guaranteed Income\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>One of the most notable benefits of Life Insurance with a regular income feature is assured income. Policyholders can receive consistent and predictable income at the predetermined period, eliminating financial uncertainty. While volatile options like equities, ULIPs, and cryptocurrencies may provide higher return potential, they can never match the financial stability and certainty insurance-based income plans offer. If you value assured income over risky higher yields, explore the different types of savings insurance plans with regular income provided by Shriram Life Insurance.\u003C/span>\u003C/p>\u003Ch3>\u003Cstrong>Stable Financial Planning\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>Individuals planning for retirement and other long-term financial goals must include at least one regular income-generating insurance product in their portfolio. It can create a secure income stream that can handle their day-to-day expenses, medical costs, and other expenses essential to sustain the desired lifestyle. At \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/\\\" target=\\\"_blank\\\">\u003Cspan>Shriram Life Insurance\u003C/span>\u003C/a>\u003Cspan>, we offer numerous \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/savings-plan\\\" target=\\\"_blank\\\">\u003Cspan>Savings Plans\u003C/span>\u003C/a>\u003Cspan> and \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/retirement-plan\\\" target=\\\"_blank\\\">\u003Cspan>Retirement Plans\u003C/span>\u003C/a>\u003Cspan> with regular income features, so browse them to find the ideal financial product.\u003C/span>\u003C/p>\u003Ch3>\u003Cstrong>Low-Risk Investment\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>Most insurance plans with guaranteed income are inherently low-risk. They operate under strict regulatory oversight and maintain conservative investment strategies to reduce risk exposure. Unlike market-linked insurance products, these plans don’t get impacted by economic downturns or market fluctuations, preserving your capital and steady growth. If you want a stable, risk-free retirement income from Life Insurance, you may consider investing in \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/assured-income-plan\\\" target=\\\"_blank\\\">\u003Cspan>Shriram Life Assured Income Plan\u003C/span>\u003C/a>\u003Cspan> (UIN: 128N053V05). \u003C/span>\u003C/p>\u003Cp>\u003Cspan>It is a non-linked and non-participating Life Insurance product comprising the best features of Savings, Retirement, and \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/child-plan\\\" target=\\\"_blank\\\">\u003Cspan>Child Plans\u003C/span>\u003C/a>\u003Cspan>. This plan provides a regular income option that can assist you with monthly expenses during retirement or at a predetermined life stage.\u003C/span>\u003C/p>\u003Ch3>\u003Cstrong>Tax Benefits\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>The benefits of Life Insurance plans with guaranteed income aren’t limited to life coverage and regular income. Policyholders can use these plans as efficient tax-saving financial instruments. For instance, if you invest in the \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/early-cash-plan\\\" target=\\\"_blank\\\">\u003Cspan>Shriram Life Early Cash Plan\u003C/span>\u003C/a>\u003Cspan> (UIN: 128N093V02), you can enjoy guaranteed income from the 1st policy anniversary, life coverage, and tax savings, among numerous other benefits.\u003C/span>\u003C/p>\u003Cp>\u003Cspan>You can claim the amount paid as premiums u/s 80 C to lower your taxable income and increase your savings. The deductions are capped at ₹1,50,000 u/s 80 C. Maturity proceeds can be tax-free if certain conditions are met. Maturity proceeds received as death benefits remain tax-exempt. We recommend consulting your financial advisor for efficient tax planning.\u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>How to Choose the Right Life Insurance Plan for Regular Income?\u003C/strong>\u003C/h2>\u003Ch3>\u003Cstrong>Assess Your Financial Goals\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>Everyone has different financial goals, so you should always start by assessing your financial needs. Estimate how much regular income you would need to effortlessly lead a worry-free life after retirement or a specific period. Factor in inflation and arrive at the ideal amount.\u003C/span>\u003C/p>\u003Cp>\u003Cspan>You should also determine whether you’re investing to create retirement funds or meet your children’s major life events, like their wedding or higher education expenses because not all insurance products are ideal for every goal. If your primary goal is financially securing your retirement years, look for Retirement Plans. Read about the varying benefits of Retirement Plans so you know what to expect while investing.\u003C/span>\u003C/p>\u003Ch3>\u003Cstrong>Compare Different Plans\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>There are numerous Life Insurance products in the Indian market, so you must focus on finding the plan that aligns with your financial goals and needs. You must evaluate every plan based on its terms and conditions, flexibility, policy terms, available riders, Life Insurance coverage, payout options, and premium payments. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>If you’re looking for regular income from Life Insurance with life protection, consider plans like our Shriram Life Assured Income Plan. Our \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/wealth-pro\\\" target=\\\"_blank\\\">\u003Cspan>Shriram Life Wealth Pro\u003C/span>\u003C/a>\u003Cspan>(UIN: 128L096V01) is a better option if your primary consideration is life coverage and wealth accumulation. \u003C/span>\u003C/p>\u003Ch3>\u003Cstrong>Consider Professional Advice\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>Navigating the financial world alone can be overwhelming for many individuals. If you’re experiencing challenges in finding the appropriate investment options or cannot understand how certain insurance plans fit into your long-term financial planning, we encourage consulting professional financial planners/advisors. Since they better understand different financial tools and markets, they can guide you better to achieve financial stability and enjoy the most Life Insurance benefits.\u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>Conclusion\u003C/strong>\u003C/h2>\u003Cp>\u003Cspan>Every individual wants to create multiple secure income streams to strengthen their financial future. While there are numerous ways to achieve it, none comes closer to the benefits provided by insurance-based regular income plans. They provide certainty with their guaranteed income so that you can plan your expenses accordingly. If you want to secure your family’s financial future when you aren’t around or achieve financial stability to live a comfortable post-retirement life, you must consider investing in the appropriate Life Insurance plans featuring regular income benefits.\u003C/span>\u003C/p>\",\"category\":\"/blog/assured-income-plan\"},{\"title\":\"Maximizing Your Savings: The Advantages of Assured Income Plans\",\"heading\":\"How to Boost your Savings with an Assured Income Plan?\",\"short_description\":\"\u003Cp>\u003Cspan>Every individual wants financial security for themselves and their family, especially during their golden years and difficult times.\u003C/span>\u003C/p>\",\"tile_image\":[{\"media_img\":{\"url\":\"https://cdn.shriramlife.com/slic-kalam/files/2025-03/maximizing-your-savings-the-advantages-of-assured-income-plans_0.jpg?VersionId=TWEqYSY1Jm0GxSOUPNeSaAs.jHJClQdx\",\"alt\":\"Advantages of Assured Income Plan\"},\"media_svg\":null,\"media_svg_alt\":\"\",\"media_document\":null}],\"posted_on\":\"2025-03-24T11:01:28\",\"updated_on\":\"2025-03-24T11:01:30\",\"read_more_title\":\"Know More\",\"slug\":\"/secret-to-boost-savings-with-assured-income-plan\",\"field_bl_tag\":\"\u003Ca href=\\\"/blog/guides/recent\\\" hreflang=\\\"en\\\">Recent\u003C/a>, \u003Ca href=\\\"/blog/guides/savings\\\" hreflang=\\\"en\\\">Savings\u003C/a>\",\"description\":\"\u003Cp>\u003Cspan>Every individual wants financial security for themselves and their family, especially during their golden years and difficult times. They invest in financial products as part of their long-term savings strategies to create this security. While numerous financial products can help people maximize savings and get income assurance, Assured Income Plans provide superior benefits. In this blog, we guide you through these plans and their benefits so you can make an informed investment choice.\u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>What are Assured Income Plans?\u003C/strong>\u003C/h2>\u003Cp>\u003Cspan>Assured Income Plans are specialized financial products provided by insurance companies that give dual benefits - Life Insurance coverage and steady income for a predetermined period. They combine the best features of \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/savings-plan\\\" target=\\\"_blank\\\">\u003Cspan>Savings Plans\u003C/span>\u003C/a>\u003Cspan>, \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/retirement-plan\\\" target=\\\"_blank\\\">\u003Cspan>Retirement Plans\u003C/span>\u003C/a>\u003Cspan>, And \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/child-plan\\\" target=\\\"_blank\\\">\u003Cspan>Child Plans\u003C/span>\u003C/a>\u003Cspan>.\u003C/span>\u003C/p>\u003Cp>\u003Cspan>Under these plans, a policyholder makes regular premium payments to keep the plan active. After the plan’s premium payment term is completed, the policyholder receives regular income. You can receive monthly, quarterly, or annual payouts, depending on the provided payout terms.\u003C/span>\u003C/p>\u003Cp>\u003Cspan>Assured Income Plans play a crucial role in financial planning because they provide financial security by ensuring predictable, guaranteed income after the policy term. They also help achieve long-term financial goals, such as funding a child’s higher education, meeting day-to-day financial expenses, building a property, etc.\u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>Advantages of Assured Income Plans\u003C/strong>\u003C/h2>\u003Cul>\u003Cli>\u003Ch3>\u003Cstrong>Guaranteed Returns\u003C/strong>\u003C/h3>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan>Guaranteed returns are a hallmark feature of all Assured Income Plans. Unlike market-linked investments, the returns from these plans aren’t subject to unpredictability and market volatility. They provide predetermined fixed-income assurance.\u003C/span>\u003C/p>\u003Cp>\u003Cspan>The guaranteed returns provide financial security and comfort to policyholders, helping them efficiently manage their financial obligations. If you want fixed returns, avoid investing in stocks, mutual funds, SIPs, etc., as their returns fluctuate with market volatility.\u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Ch3>\u003Cstrong>Stable Income Stream\u003C/strong>\u003C/h3>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan>One of the biggest benefits of Assured Income Plans is that they provide a stable income stream. Insurers accumulate your premium payments as savings and invest in low-risk financial instruments that grow with time. It is returned to the policyholder on policy maturity according to the pre-agreed payout frequency. These plans provide retirees a dependable source of post-retirement income, helping them maintain their lifestyle without worrying about financial instability. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>It also emerges as a reliable solution to address the recurring financial needs of individuals of all ages. While Assured Plans are great for financial stability, you can enhance your safety net by investing in complementing Protection Plans and Retirement Life Insurance Plans.\u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Ch3>\u003Cstrong>Low-Risk Investment\u003C/strong>\u003C/h3>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan>Assured Income Plans are inherently low-risk, making them attractive for individuals seeking financial stability. Since your premiums aren’t invested in market-linked financial instruments, the returns don’t deplete with market fluctuations. Your capital remains secured, and you receive increased returns on maturity.\u003C/span>\u003C/p>\u003Cp>\u003Cspan>Unlike high-risk investments, such as equities, cryptocurrencies, IPOs, hedge funds, etc., your assured income investments are immune to market risks. It can benefit people who prefer capital preservation and financial security over high returns.\u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Ch3>\u003Cstrong>Tax Benefits\u003C/strong>\u003C/h3>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan>Utilizing the available tax benefits while filing income tax returns is an excellent way of maximizing your insurance benefits. You can claim premium payments as deductions u/s 80C, subject to a maximum of ₹1,50,000. Deductions are also available u/s 80D, depending on the number of people you’re paying premium for and your parent’s age.\u003C/span>\u003C/p>\u003Cp>\u003Cspan>If you have multiple insurance and Investment Plans, consult a professional CA for personalised guidance on tax savings. You can also refer to expert financial planning tips online to optimise tax savings. These savings can enhance your overall wealth accumulation effort, so you have more money saved for a secure future.\u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>How to Maximize Savings with Assured Income Plans\u003C/strong>\u003C/h2>\u003Cul>\u003Cli>\u003Ch3>\u003Cstrong>Start Early\u003C/strong>\u003C/h3>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan>Investing in Assured Income Plans from a young age can increase your returns. It allows you to purchase plans with longer duration, such as 10, 12, or even 15 years, so the capital increases significantly by leveraging the power of compounding. It helps you create wealth over the long term. Young investors can also maximize savings by securing lower premiums on Guaranteed Income Plans, translating to higher returns in the future. \u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Ch3>\u003Cstrong>Choose the Right Plan\u003C/strong>\u003C/h3>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan>You must choose the right Assured Income Plans to gain maximum benefits from your investments. Since numerous similar products promise financial security, pick a plan that aligns with your goals. Start by deciding your goal, such as funding a significant life event, securing a steady retirement income, ensuring economic stability for your family, etc. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>Once the goal is finalized, identify and compare multiple assured income plans based on their payout options, premium affordability, flexibility, features, terms and conditions, etc. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>A thorough evaluation will help you pick a plan to fulfil your goals and aspirations. If you’re confused about the available options, consider exploring the \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/assured-income-plan\\\" target=\\\"_blank\\\">\u003Cspan>Shriram Life Assured Income Plan\u003C/span>\u003C/a>\u003Cspan> (UIN: 128N053V05). Unlike similar options, this plan helps you create a financial cushion at low premium payment plans. It features a regular, predictable income option to support your financial obligations easily. \u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Ch3>\u003Cstrong>Regular Contributions\u003C/strong>\u003C/h3>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan>Regular contribution is key to maximizing savings and the plan’s overall benefits. It helps create a larger fund over time so that you can avail of higher payouts upon policy maturity. Consistent contributions keep your policy active and build financial discipline, which is crucial for long-term wealth creation. \u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Ch3>\u003Cstrong>Reinvesting Returns\u003C/strong>\u003C/h3>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan>Policyholders can consider reinvesting their returns to create more income avenues. Reinvesting in relevant financial instruments can help your income grow using compounding principles. You can invest a certain percentage of the proceeds or the entire lumpsum payout based on your risk appetite and financial needs. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>You must select the financial instruments according to your current and long-term financial goals and risk profile. If you’re unsure where to reinvest your returns, we recommend consulting professional financial advisors for personalized guidance. \u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>Who Should Consider Assured Income Plans?\u003C/strong>\u003C/h2>\u003Cp>\u003Cspan>Anyone who prioritizes financial security can invest in assured income plans. If you’re in your 40s and 50s looking to create risk-free and stable post-retirement income, investing in assured income plans can be beneficial. It can build a predictable and steady income source during your golden years that sustains your lifestyle without any worry. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>Parents willing to create funds for their child’s higher education and marriage expenses can also consider these plans. Guaranteed Income Plans are generally ideal for individuals with low-risk profiles who prefer predictable, fixed income over market-linked higher returns. \u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>Conclusion\u003C/strong>\u003C/h2>\u003Cp>\u003Cspan>Assured Income Plans are valuable additions to any financial portfolio, providing guaranteed low-risk returns, a stable income stream, and tax benefits. You can invest in the assured income plans provided by \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/\\\" target=\\\"_blank\\\">\u003Cspan>Shriram Life Insurance\u003C/span>\u003C/a>\u003Cspan> to enjoy all these benefits. Besides assured income plans, Shriram Life Insurance also provides various plans for different financial goals, such as retirement planning, savings, child education, buying a house, etc. You can explore our diverse savings, \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/investment-plan\\\" target=\\\"_blank\\\">\u003Cspan>investment\u003C/span>\u003C/a>\u003Cspan>, retirement, \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/protection-plan\\\" target=\\\"_blank\\\">\u003Cspan>protection\u003C/span>\u003C/a>\u003Cspan>, and child plans designed to help you achieve financial security and fulfil your short-term and long-term financial goals.\u003C/span>\u003C/p>\",\"category\":\"/blog/assured-income-plan\"},{\"title\":\"What is Guaranteed Death Sum Assured in Life Insurance?\",\"heading\":\"What is Guaranteed Death Sum Assured in Life Insurance?\",\"short_description\":\"\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">The \\\"Guaranteed Death Benefit\\\" is often found in Life Insurance Policies and Annuity contracts.\u003C/span>\u003C/p>\",\"tile_image\":[{\"media_img\":{\"url\":\"https://cdn.shriramlife.com/slic-kalam/files/2025-03/what-is-guaranteed-death-sum-assured-in-life-insurance__0.jpg?VersionId=f20n4rlKpSfWPNXDeBzcAxu5RfK7WuCz\",\"alt\":\"What is Guaranteed death sum assured in life insurance\"},\"media_svg\":null,\"media_svg_alt\":\"\",\"media_document\":null}],\"posted_on\":\"2025-03-21T06:14:12\",\"updated_on\":\"2025-03-21T06:14:16\",\"read_more_title\":\"Know More\",\"slug\":\"/what-is-guaranteed-death-sum-assured-in-life-insurance\",\"field_bl_tag\":\"\u003Ca href=\\\"/blog/guides/recent\\\" hreflang=\\\"en\\\">Recent\u003C/a>, \u003Ca href=\\\"/blog/guides/savings\\\" hreflang=\\\"en\\\">Savings\u003C/a>\",\"description\":\"\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">The \\\"Guaranteed Death Benefit\\\" is often found in Life Insurance Policies and Annuity contracts. It guarantees that a minimum amount will be paid to your beneficiaries in the unfortunate event of the policyholder’s demise, regardless of the policy's cash value or market performance.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">This benefit is meant to provide financial security for your loved ones, ensuring they receive a fixed sum, no matter what happens with the policy's investments. It provides peace of mind, knowing your beneficiaries will have a safety net, no matter the circumstances. It’s an important aspect of retirement income planning, helping secure your family’s financial future.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Understanding Guaranteed Death Sum Assured\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Definition of Guaranteed Death Sum Assured\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">As we said before, Guaranteed Death Sum Assured refers to the minimum amount a Life Insurance Policy guarantees to pay out to the beneficiaries upon the death of the insured, provided the policy is active. Unlike some policies that might vary in payout depending on investment performance or other factors, the guaranteed death sum assured provides financial security for the policyholders and their families.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">This feature is necessary within the Life Insurance framework as it ensures that, irrespective of market shifts, the beneficiaries will receive a predetermined sum designed to provide long-term stability after the unfortunate occurrence of the policyholder’s death. This protects the beneficiaries from unexpected financial burdens, ensuring they have enough to cover living expenses, debt, or education costs.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Imagine you have a Life Insurance Policy that guarantees a payout to the dependent family members or nominees if something happens to the policyholder. Let’s say the guaranteed amount is INR 10,00,000. No matter what happens with the policy's investments or changes in the market, the policyholder’s nominated beneficiaries will receive that INR 10,00,000. This ensures they’ll have financial security to cover important expenses, like bills or education, during a tough time.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Importance of Guaranteed Death Sum Assured\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">The guaranteed death sum assured is not merely a technical term but a vital safety net for families. Here are several reasons why this feature is indispensable:\u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Supplementing Retirement Income:\u003C/strong> The guaranteed death sum can act as an additional source of income for beneficiaries, providing them with a financial foundation to manage living expenses in retirement. This can be especially important for families relying on a single income source.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Asset Protection: \u003C/strong>Individuals often seek to safeguard their savings and investments during retirement. A Life Insurance Policy with a guaranteed death sum assured can protect these assets, ensuring they can be passed down to legal heirs without being diminished by debts or other financial obligations.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Enhancing Financial Planning:\u003C/strong> Integrating Life Insurance into retirement strategies allows policyholders to manage their finances better. It can help reach overall financial goals, as the guaranteed death benefit provides security, enabling retirees to draw down their savings more confidently.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Risk Tolerance Consideration:\u003C/strong> Understanding personal risk tolerance is important in retirement planning. The guaranteed sum can provide a safety buffer, allowing retirees to engage in more investment strategies with their remaining assets, knowing their family’s financial future is secured.\u003C/span>\u003C/li>\u003C/ul>\u003Ch2>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>How Guaranteed Death Sum Assured Works\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Understanding how guaranteed death sum assured works involves grasping how it is calculated and paid out. \u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Here’s what you need to know:\u003C/strong>\u003C/span>\u003C/h3>\u003Cul>\u003Cli>\u003Ch4>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Base Sum Assured\u003C/span>\u003C/h4>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">This is the core amount you choose when you purchase the policy. It’s the minimum guaranteed payout your beneficiaries will receive upon your death. \u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Ch4>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Policy Type and Riders\u003C/span>\u003C/h4>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">The type of policy you choose and any additional riders (like accidental death benefit or critical illness cover) can influence the guaranteed death benefit.\u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Ch4>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Policy Duration and Premiums\u003C/span>\u003C/h4>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">The length of your policy and your premiums also play a role. Higher premiums or longer terms may result in a higher guaranteed death benefit.\u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Ch4>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Adjustments for Loans or Withdrawals\u003C/span>\u003C/h4>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">If you’ve taken a loan against your policy or made partial withdrawals (in the case of certain policies like ULIPs or endowment plans), the guaranteed death benefit may be reduced.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Let’s say you purchase a Term Insurance Policy with a base sum assured of INR 1 crore for a 20-year term. Then,\u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Base Sum Assured: \u003C/strong>INR 1 crore (guaranteed).\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Riders: \u003C/strong>You add an accidental death benefit rider for an additional INR 50 lakhs.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Total Guaranteed Death Benefit: \u003C/strong>INR 1.5 crore (INR 1 crore + INR 50 lakhs).\u003C/span>\u003C/li>\u003C/ul>\u003Ch3>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Mechanism of Guaranteed Death Sum Assured\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">In case of the unfortunate event of the policyholder’s passing, the payment process generally unfolds as follows:\u003C/span>\u003C/p>\u003Col type=\\\"1\\\">\u003Cli>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Claim Initiation: \u003C/strong>The beneficiaries or designated claimants must inform Shriram Life Insurance about the policyholder’s passing and submit the necessary documents, including the required certificate.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Verification Process:\u003C/strong> Shriram Life Insurance will verify the claim by reviewing the submitted documents and the terms outlined in the policy.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Payout: \u003C/strong>Once the claim is approved, \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Shriram Life Insurance\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\"> will disburse the guaranteed sum assured, either as a lump sum or through a structured payout plan, based on the policy provisions and the beneficiaries’ preferences.\u003C/span>\u003C/li>\u003C/ol>\u003Ch2>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Types of Life Insurance Policies Providing Guaranteed Death Sum Assured\u003C/strong>\u003C/span>\u003C/h2>\u003Ctable>\u003Ctbody>\u003Ctr>\u003Ctd>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Policy Type\u003C/strong>\u003C/span>\u003C/td>\u003Ctd>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Definition\u003C/strong>\u003C/span>\u003C/td>\u003Ctd>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Guaranteed Death Benefit\u003C/strong>\u003C/span>\u003C/td>\u003Ctd>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Key Features\u003C/strong>\u003C/span>\u003C/td>\u003Ctd>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Ideal For\u003C/strong>\u003C/span>\u003C/td>\u003C/tr>\u003Ctr>\u003Ctd>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Term Life Insurance\u003C/span>\u003C/td>\u003Ctd>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Pure protection for a specific period.\u003C/span>\u003C/td>\u003Ctd>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Pays the full sum assured if death occurs during the policy term.\u003C/span>\u003C/td>\u003Ctd>\u003Cul>\u003Cli>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Affordable premiums. \u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">No cash value. \u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Coverage for temporary needs (loans, income replacement).\u003C/span>\u003C/li>\u003C/ul>\u003C/td>\u003Ctd>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Budget-conscious individuals seeking high coverage for a specific period.\u003C/span>\u003C/td>\u003C/tr>\u003Ctr>\u003Ctd>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Whole Life Insurance\u003C/span>\u003C/td>\u003Ctd>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Lifelong coverage.\u003C/span>\u003C/td>\u003Ctd>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Pays the sum assured whenever death occurs.\u003C/span>\u003C/td>\u003Ctd>\u003Cul>\u003Cli>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Builds cash value. \u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Fixed premiums for life. Long-term financial security and estate planning.\u003C/span>\u003C/li>\u003C/ul>\u003C/td>\u003Ctd>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Individuals seeking lifelong protection and a savings component.\u003C/span>\u003C/td>\u003C/tr>\u003Ctr>\u003Ctd>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Endowment Plans\u003C/span>\u003C/td>\u003Ctd>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Insurance combined with savings.\u003C/span>\u003C/td>\u003Ctd>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Pays the sum assured if death occurs during the term; lump sum at maturity if you survive.\u003C/span>\u003C/td>\u003Ctd>\u003Cul>\u003Cli>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Acts as a forced savings tool. \u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Lower risk compared to market-linked plans. \u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Goals like education funds or retirement.\u003C/span>\u003C/li>\u003C/ul>\u003C/td>\u003Ctd>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Individuals seeking a combination of insurance and disciplined savings.\u003C/span>\u003C/td>\u003C/tr>\u003Ctr>\u003Ctd>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Money-Back Policies\u003C/span>\u003C/td>\u003Ctd>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Endowment plan with periodic payouts.\u003C/span>\u003C/td>\u003Ctd>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Pays the full sum assured (minus survival benefits) if death occurs.\u003C/span>\u003C/td>\u003Ctd>\u003Cul>\u003Cli>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Regular payouts during the policy term. \u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Remaining sum assured + bonuses at maturity.\u003C/span>\u003C/li>\u003C/ul>\u003C/td>\u003Ctd>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Individuals seeking regular income during the policy term and a lump sum at maturity.\u003C/span>\u003C/td>\u003C/tr>\u003C/tbody>\u003C/table>\u003Ch2>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Factors Affecting Guaranteed Death Sum Assured\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Understanding the factors influencing the Guaranteed Death Sum Assured in life insurance policies is essential for tailoring coverage to your financial goals. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Key elements include:\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Policy Terms and Conditions\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">The policy term refers to the duration your insurance coverage remains active, while the premium-paying term is when you pay premiums. These terms significantly impact the sum assured. A longer policy term extends coverage, ensuring beneficiaries receive the sum assured over an extended period. Likewise, opting for a limited premium-paying term means you pay premiums for a shorter duration, which can result in a higher sum assured compared to paying premiums over the entire policy term.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Premium Payment Options\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">The method and frequency of premium payments also affect the sum assured:\u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Single Premium Payment: \u003C/strong>Paying the entire premium upfront can lead to a higher sum assured, as the insurer receives the full amount immediately, allowing for greater investment potential.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Regular Premium Payments: \u003C/strong>Choosing between monthly, quarterly, or annual payments can influence the total premium amount and, consequently, the sum assured. Annual payments provide discounts, potentially increasing the sum assured for the same premium.\u003C/span>\u003C/li>\u003C/ul>\u003Ch2>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong> Benefits of Guaranteed Death Sum Assured\u003C/strong>\u003C/span>\u003C/h2>\u003Cul>\u003Cli>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Financial Security:\u003C/strong> The primary purpose of Life Insurance is to provide financial protection. The guaranteed death sum assured ensures the family has financial resources to support their needs without the policyholder.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Peace of Mind:\u003C/strong> Knowing that their loved ones will receive a fixed sum upon their death, policyholders can have peace of mind, allowing them to live without anxiety about their family’s financial future.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Legacy Planning: \u003C/strong>It plays a significant role in legacy planning, enabling policyholders to leave behind a financial cushion for their heirs, making it easier for them to manage expenses related to education, housing, and other essential needs.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Tax benefits:\u003C/strong> Under Section 80C of the Income Tax Act, the premiums you pay towards your Life Insurance Policy are eligible for tax deductions, up to a maximum of INR 1.5 lakh per financial year. The death benefit received by your beneficiaries is completely tax-free under Section 10(10D) of the Income Tax Act. Maturity benefits are also tax-exempt under Section 10(10D).\u003C/span>\u003C/li>\u003C/ul>\u003Ch2>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Conclusion\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">The guaranteed death sum assured is a cornerstone of life insurance products and holistic financial planning. This financial tool provides a safety net in times of tragedy and facilitates long-term financial stability through strategy integration, risk management, and tax benefits. \u003C/span>\u003C/p>\u003Cp>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/assured-income-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Shriram Life Assured Income Plan\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\"> (UIN: 128N053V05) is designed to meet your financial goals, providing a structured approach to savings and a reliable income stream for your retirement, ensuring peace of mind and security for your future.\u003C/span>\u003C/p>\",\"category\":\"/blog/assured-income-plan\"},{\"title\":\"What is Guaranteed Maturity Sum Assured in Assured Income Plan?\",\"heading\":\"What is Guaranteed Maturity Sum Assured in Assured Income Plan?\",\"short_description\":\"\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Planning a secure future can become challenging when you’re uncertain of the returns your investments will fetc\u003C/span>\u003C/p>\",\"tile_image\":[{\"media_img\":{\"url\":\"https://cdn.shriramlife.com/slic-kalam/files/2025-03/understanding-guaranteed-maturity-sum-assured-in-assured-income-plan_0.jpg?VersionId=WZGWvEJXrxVzChLueKGWtknRmhsBgTaC\",\"alt\":\"Understanding Guaranteed maturity Sum Assured\"},\"media_svg\":null,\"media_svg_alt\":\"\",\"media_document\":null}],\"posted_on\":\"2025-03-20T11:14:53\",\"updated_on\":\"2025-03-20T11:14:59\",\"read_more_title\":\"Know More\",\"slug\":\"/what-is-guaranteed-maturity-sum-assured-in-assured-income-plan\",\"field_bl_tag\":\"\u003Ca href=\\\"/blog/guides/recent\\\" hreflang=\\\"en\\\">Recent\u003C/a>, \u003Ca href=\\\"/blog/guides/savings\\\" hreflang=\\\"en\\\">Savings\u003C/a>\",\"description\":\"\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Planning a secure future can become challenging when you’re uncertain of the returns your investments will fetch. Hence, more people are becoming increasingly cautious about evaluating their investment returns. If you’re investing in a Life Insurance Policy for financial protection and stability, you must focus on the guaranteed maturity sum assured that the policy will provide on maturity. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">This information will assist you in making informed monthly budgets that support effortless lifestyle management without exerting any financial strain. This blog discusses guaranteed maturity sum assured in Assured Income Plans so you can confidently invest in the right policies and gain better control over your financial future. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Understanding Guaranteed Maturity Sum Assured\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Definition and Importance\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">A guaranteed maturity sum assured is the fixed, predetermined amount an insurer agrees to pay the policyholder on policy maturity. This Life Insurance Policy maturity amount remains unaffected by external conditions, such as economic downturns, market fluctuations, etc. The amount’s predictability and stability lay a strong foundation for an individual’s financial future. It eliminates financial uncertainty, helping individuals make informed purchases, living expenses, etc., for a stress- free and comfortable life. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>How Guaranteed Maturity Sum Assured Works\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Calculation and Payout\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Insurance companies calculate this amount based on numerous factors, such as premium amount, policyholder’s entry age, policy term, premium payment term, etc. Insurers use actuarial calculations to determine this figure. While different insurers may follow varying calculation processes, it is generally expressed as a multiple of the annual premium or a percentage of the total premiums paid over the policy term. Once the policy matures, insurers may pay the maturity amount as a lump sum or structured scheduled payments over a predetermined period. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Types of Policies providing Guaranteed Maturity Sum Assured\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Policy Options\u003C/strong>\u003C/span>\u003C/h3>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Endowment Plans\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Endowment Plans blend insurance protection with savings. You can view them as systematic Savings Plans that also provide life coverage benefits, creating a financial cushion for your family. These plans are perfect for individuals looking for predictable Life Insurance maturity benefits. While numerous Endowment Plans provide guaranteed maturity sum assured, our \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/new-shri-life-plan\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram New Shri Life Plan\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">(UIN: 128N047V03) provides unmatched benefits. It lets you earn a higher sum assured, even with lower premiums. Policyholders also receive tax benefits in insurance, reversionary bonuses, terminal bonuses, multiple policy tenures, etc. \u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Money-Back Plans\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Money-Back Plans remain a popular investment choice for many because they provide periodic payouts at regular intervals throughout the policy term. Unlike Traditional Life Insurance Policy, Money-Back Plans don’t release benefits only on maturity. People with intermediate financial commitments, such as paying a child’s school fees, maintaining daily household expenses, etc., can benefit immensely from such policies. These plans combine the best features of protection and Investment Plans, and provide a guaranteed maturity sum assured. \u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Assured Income Plans\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Anyone prioritizing long-term financial protection must consider including an Assured Income Plan in their portfolio. These plans are designed to provide fixed income after a particular period or on maturity. While you may invest in Assured Income Policies to support your major mid-term life goals, these plans are also perfect for creating a steady, predictable income source for your golden years. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">It is one of the best Retirement Plans you can have in your portfolio, featuring a guaranteed maturity sum assured. Anyone exploring the best investment options to create an additional income source must check out the \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/assured-income-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Assured Income Plan\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> \u003C/span>\u003Cspan lang=\\\"EN\\\" lang=\\\"EN\\\">(UIN: 128N053V05)\u003C/span>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">. This plan provides assured income, flexible terms, life insurance coverage, multiple premium payment options, etc., \u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Child Plans\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Child Plans are designed to secure children’s future, especially when one of their parents (policyholder) passes away. The policy’s guaranteed maturity sum assured ensures that children effortlessly finish their education and accomplish major life events without experiencing any financial scarcity. Consider exploring the \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/new-shri-vidya-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life New Shri Vidya Plan\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> \u003C/span>\u003Cspan>(UIN: 128N051V03)\u003C/span>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> to secure your child’s future.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">This policy provides guaranteed money-back benefits in the policy’s last four years. Premium rebates for higher coverage, systematic savings creation, additional bonuses, and death benefits are notable highlights of this plan, making it desirable for most parents. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Factors Affecting Guaranteed Maturity Sum Assured\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Policy Terms and Conditions\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Policy terms and conditions significantly impact the guaranteed maturity sum assured in several ways. For instance, longer policy terms usually provide higher return multipliers because the insurer benefits from the extended investment periods. Some policies also give guaranteed additions and bonuses, enhancing the guaranteed maturity sum assured amount. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Your rider selection can also influence the base guaranteed sum assured, as can the policy’s surrender provisions and loan facilities. Since some individuals may find the policy’s terms and conditions challenging to comprehend, we recommend consulting a professional for personalized guidance and support. \u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Premium Payment Options\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Premium payment options, such as payment frequency and structure, directly influence the guaranteed maturity sum assured in assured income plans. People choosing annual premium payments over monthly or quarterly options can expect higher guaranteed maturity sum assured because insurers incur lower administrative costs in such cases. Additionally, limited premium payment options, like single premium policies, provide comparatively lower sum assured but give income certainty. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Benefits of Guaranteed Maturity Sum Assured\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Financial Security \u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Financial planning is gaining popularity because everyone wants financial protection at varying life stages. One of the best ways to achieve this is by investing in secure and low-risk investment options, such as Assured Income Plans with guaranteed maturity sum assured. Since they provide predictable, stable, and secure returns, policyholders can effortlessly maintain their desired lifestyle and fulfil all financial obligations without stress or worry. The guaranteed maturity amount also eliminates financial uncertainty, enabling individuals to enjoy their life. \u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Tax Benefits and Savings\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Investing in a Life Insurance Policy with a guaranteed maturity sum assured can help policyholders enjoy tax benefits in insurance u/s 80C and 10(10D). You can claim premium payments as a deduction u/s 80C to reduce your taxable income and tax liability. Claims cannot exceed INR 1,50,000 in one financial year. Maturity proceeds from some policies can be tax-exempt u/s 10(10D) if certain conditions are fulfilled, helping you earn tax-free income. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Choosing the Right Policy\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Selecting the perfect Life Insurance Policy requires careful evaluation of numerous factors. We encourage individuals to start their policy search only after finalizing their financial goals. This one step can help you shortlist the right policies. You should compare multiple policies against their premium payment options, coverage, flexibility, terms and conditions, and extra benefits like bonuses, available riders, etc. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">After evaluating the shortlisted policies, you can pick the ones that effortlessly align with your financial goals. If it looks overwhelming and confusing, consider consulting an experienced financial professional to understand how a particular policy will fit into your portfolio. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Conclusion\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Having a policy with guaranteed maturity sum assured can secure your financial future by providing a predictable amount on policy maturity. This economic certainty and security can help you plan your expenses accordingly, enabling you to live a fulfilled life. If you’re ready to experience the comfort and peace of mind it provides, consider investing in appropriate assured income plans at Shriram Life Insurance. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">We’re one of India’s leading insurance providers with a wide range of \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/savings-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Savings\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">, \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/child-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Child\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">, \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/retirement-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Retirement\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">, \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/investment-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Investment\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">, and \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/protection-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Protection Plans\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">. Every policy is designed to help policyholders achieve financial protection and reach varying financial goals, so explore the options today. You can also \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/reach-us\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">contact our team\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> for guidance or clarity on specific products.\u003C/span>\u003C/p>\",\"category\":\"/blog/assured-income-plan\"},{\"title\":\"How to Plan for Regular Income After You Retire Using Assured Income Plan?\",\"heading\":\"Secure Your Retirement with Assured Income Plans\",\"short_description\":\"\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Retirement can transform what should be a peaceful, stress-free period into one of excessive worry and stress i\u003C/span>\u003C/p>\",\"tile_image\":[{\"media_img\":{\"url\":\"https://cdn.shriramlife.com/slic-kalam/files/2025-03/how-to-plan-for-regular-income-after-you-retire-using-assured-income-plan__1.jpg?VersionId=Y7.MP1sYbZ8FRL0PWq_lYykWguvV0vqM\",\"alt\":\"Plan regular income after your retirement\"},\"media_svg\":null,\"media_svg_alt\":\"\",\"media_document\":null}],\"posted_on\":\"2025-03-19T05:34:01\",\"updated_on\":\"2025-03-19T05:34:19\",\"read_more_title\":\"Know More\",\"slug\":\"/secure-retirement-with-assured-income-plans\",\"field_bl_tag\":\"\u003Ca href=\\\"/blog/guides/recent\\\" hreflang=\\\"en\\\">Recent\u003C/a>, \u003Ca href=\\\"/blog/guides/savings\\\" hreflang=\\\"en\\\">Savings\u003C/a>\",\"description\":\"\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Retirement can transform what should be a peaceful, stress-free period into one of excessive worry and stress if you don’t create adequate regular income streams to support your post-retirement lifestyle. Having arrangements for guaranteed income during retirement can help you comfortably enjoy your golden years instead of worrying about outliving your savings. While there are numerous financial instruments to generate retirement income, Assured Income Plans emerge as the best option because of their flexibility, low-risk profile, and guaranteed income security. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">If you want to achieve long-term stability and effortlessly handle all financial obligations during pre- and post-retirement stages, you must consider including guaranteed Retirement Income Plans in your portfolio. This blog covers more about these plans so you can make informed investment decisions. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>The Importance of Regular Income in Retirement\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Why Regular Income Matters\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Retirement ends the steady source of income that helps individuals plan their monthly expenses and other financial commitments. Retirees with irregular retirement incomes or no secondary income sources often struggle with economic uncertainty, affecting their ability to run their households effectively. It even makes some retirees dependent on others for financial support. Having a regular and guaranteed income source during retirement can eliminate all these challenges by restoring your financial stability. \u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Common Financial Concerns in Retirement\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">One of the biggest retirement worries is running out of money. The rising living costs, economic uncertainties, medical emergencies, etc., can slowly destroy your retirement savings. People reliant on pension funds as their only retirement income stream may also have financial concerns, such as struggling to maintain the desired lifestyle. Having Savings Plans like an Assured Income Plan can help you live comfortably through guaranteed, periodic payouts. You can also invest in appropriate Investment Plans to ease your financial responsibilities. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Introduction to Assured Income Plans\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>What is an Assured Income Plan?\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">An Assured Income Plan is a financial product that combines the best features of savings, child, and retirement plans. Its most notable feature is the regular income option, which helps replace consistent salaried income with retirement income provided by insurance companies. This plan creates a secure financial cushion, helping people manage their expenses efficiently post-retirement. The \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/assured-income-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Assured Income Plan\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> (UIN: 128N053V05) is one such product that provides a regular income option to support monthly expenses. \u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>How Assured Income Plans Work?\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">The plan mechanics are straightforward for most assured income plans. It requires policyholders to pay premiums for a predetermined period. After the premium-paying term is over, policyholders start receiving regular payouts throughout the pre-agreed duration. Since the plans provide guaranteed income, it’s ideal for anyone with a low-risk tolerance. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Key Features of Assured Income Plans\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Guaranteed Income Stream\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">One of the biggest benefits of investing in Assured Income Plans is their financial assurance. Unlike market-linked investments that fluctuate, the returns/payouts from these plans remain fixed. The predictability of this guaranteed income enables retirees to plan their expenses efficiently without worrying about running out of money. You may explore the \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/sunishchit-laabh\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Sunishchit Laabh\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> (UIN no - 128N126V01) plan as it provides guaranteed returns in the form of income and various other benefits. \u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Tax Benefits and Advantages\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Investing in Assured Income plans can become one of your best retirement income strategies as they provide guaranteed income and tax benefits. You can claim all premium payments as deductions u/s 80C, up to INR 1,50,000. Maturity proceeds can also be tax-free, subject to specific rules and the prevailing tax laws during maturity.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>How Assured Income Plans Provide Stability\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Ensuring Financial Stability\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Many Assured Income Plans provide regular income support for an extended period, so you don’t experience financial worry at any point during your post-retirement. The predictable and consistent payouts help you achieve long-term stability, improving your overall life quality.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Peace of Mind in Retirement\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Every retiree craves retirement comfort and peace of mind. Fortunately, you can experience both through thoughtful financial planning. Following the best retirement income strategies, like investing in Assured Income Plans, can help you build a stable and predictable income source for retirement. This income will cover all living expenses, promoting peace of mind.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Selecting the Ideal Assured Income Plan for Your Needs\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Assessing Your Financial Goals\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">The only way to enjoy optimal benefits from these plans is by picking the right plan that aligns with your financial goals. Start by determining the amount you’ll need for a comfortable post-retirement living and adjust it with the average inflation rate. You can also consider your financial obligations and retirement objectives, such as funding a child’s marriage, higher education, building a house, etc., to decide the non-negotiables when exploring a policy’s coverage and offers. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Use all the gathered insights to invest in a plan that aligns with your goals. Before proceeding with this step, you can explore the best retirement planning tips shared online or by trusted financial experts. \u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Evaluating Risk Tolerance\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Risk tolerance should be central to all your investment decisions. If you want fixed-income security during retirement, always choose plans with the least or zero financial risk, such as assured income plans. However, if you can handle moderate to high risk and want to accumulate wealth for retirement, then explore options like the \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/golden-jubilee-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Golden Jubilee Plan\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\"> (UIN 128L095V01).\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Real-Life Success Stories with Assured Income Plans\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Atul, a 30-year-old businessman, invested in Assured Income Plans to secure his financial future. He chose the 15-year premium payment term and paid INR 50,000/annual premium plus taxes. After the end of 15 years, Ram became eligible to receive INR 1,13,500/annum for the next 15 years. This additional income helped him fulfil his financial obligations as a father and husband while enabling him to strengthen his retirement fund. \u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Meera, a 45-year-old schoolteacher, wanted to enjoy a comfortable retirement life, so she invested in an Assured Income Plan with a 10-year premium payment term. She paid INR 75,000/annually plus taxes. Meera started receiving INR 1,80,000/annum from the 11th year onwards. She will receive it for the next 20 years, ending all her financial worries. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Common Questions About Assured Income Plans \u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">One of the most common questions people have about Assured Income Plans is whether they will generate enough retirement income for a comfortable living. Some even question the ‘fixed’ nature of regular income paid by insurers and the liquidity aspect. Consult any professional financial advisor if you want answers considering your financial goals and preferences. Alternatively, you can follow the expert tips to make an informed decision. \u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Expert Advice and Tips\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Financial experts always encourage individuals to compare multiple Assured Income Plans to find the option that provides maximum value and aligns with their financial goals. Factoring risk tolerance is also encouraged to prevent financial losses. Lastly, consult an experienced financial professional, like a CA or certified retirement planner, to make wise investment choices. \u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">\u003Cstrong>Conclusion\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Planning a financially secure retirement is a non-negotiable for any person who wants to comfortably enjoy their golden years. Assured Income Plans have emerged as peoples’ most preferred option to create a retirement income source because of their inherent low-risk nature and financial certainty. If you’re ready to secure your retirement, start exploring the best Guaranteed Income Plans at \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Shriram Life Insurance\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">. We provide various Insurance Plans, such as \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/child-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Child\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">, \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/savings-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Savings\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">, \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/protection-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Protection\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">, \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/investment-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Investment\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">, \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/retirement-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">Retirement Plans\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-IN\\\" lang=\\\"EN-IN\\\">, etc., that can help you build a financially secure future for yourself and your family. \u003C/span>\u003C/p>\",\"category\":\"/blog/assured-income-plan\"},{\"title\":\"Creating a Guaranteed Income Stream Using Life Insurance Plans Effectively\",\"heading\":\"Unlock Financial Security with Smart Insurance Plans\",\"short_description\":\"\u003Cp>\u003Cspan>Every individual wants financial stability during retirement or challenging situations, such as sudden job loss, unavoidable major expenses, \u003C/span>\u003C/p>\",\"tile_image\":[{\"media_img\":{\"url\":\"https://cdn.shriramlife.com/slic-kalam/files/2025-03/creating-a-guaranteed-income-stream-using-life-insurance-plans-effectively_0.jpg?VersionId=4kQlCt_jIXICAg0RAUErvtQsUbYA5J2N\",\"alt\":\"Guaranteed income stream using life insurance plans\"},\"media_svg\":null,\"media_svg_alt\":\"\",\"media_document\":null}],\"posted_on\":\"2025-03-18T07:49:49\",\"updated_on\":\"2025-03-18T07:49:53\",\"read_more_title\":\"Know More\",\"slug\":\"/unlock-financial-security-with-smart-insurance-plans\",\"field_bl_tag\":\"\u003Ca href=\\\"/blog/guides/recent\\\" hreflang=\\\"en\\\">Recent\u003C/a>, \u003Ca href=\\\"/blog/guides/savings\\\" hreflang=\\\"en\\\">Savings\u003C/a>\",\"description\":\"\u003Cp>\u003Cspan>Every individual wants financial stability during retirement or challenging situations, such as sudden job loss, unavoidable major expenses, etc. While savings can help navigate challenging situations, excessive reliance on savings can exhaust them quickly. That’s why creating a guaranteed income stream unaffected by economic downturns or your primary job is essential. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>In India, Life Insurance Plans have emerged as a reliable tool for building guaranteed income streams, providing security and income predictability. This blog dives deeper into the topic to help people explore sustainable ways to generate fixed income streams. \u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>Understanding Guaranteed Income Streams\u003C/strong>\u003C/h2>\u003Cp>\u003Cspan>A Guaranteed Income Stream refers to a steady flow of fixed payouts received at regular intervals. These consistent payouts contribute to financial security regardless of market conditions. Whether you’re a retiree or a working professional struggling with rising inflation, having an additional, guaranteed income stream can make your life easy.\u003C/span>\u003C/p>\u003Cp>\u003Cspan>You can explore various options to help you create a stable income stream outside your job or business, such as immediate & deferred annuities, senior citizens’ savings schemes, post office Monthly Income Schemes, Assured Income Insurance Plans, etc.\u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>Types of Life Insurance Plans for Guaranteed Income\u003C/strong>\u003C/h2>\u003Ch3>\u003Cstrong>Assured Income Plans\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>Assured Income Plans are structured life insurance policies that provide guaranteed income to policyholders for a predetermined period after the premium payment term ends. These plans are preferred for their low-risk profile and flexibility. If you’re looking for similar plans to build long-term stability, then consider \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/assured-income-plan\\\" target=\\\"_blank\\\">\u003Cspan>Shriram Life Assured Income Plan\u003C/span>\u003C/a>\u003Cspan> (UIN: 128N053V05). It provides a regular income option to assist policyholders with their monthly expenses. The plan also features a life insurance cover with additional protection through riders to establish a financial cushion for your family. \u003C/span>\u003C/p>\u003Ch3>\u003Cstrong>Whole Life Insurance Plans\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>Whole Life Insurance is a type of Traditional Permanent Life Insurance that provides lifelong coverage. The most notable highlight of these plans is that they accumulate a cash value over time that can be accessed through withdrawals or taking loans against the policy from the insurer. Unlike Traditional Term Insurance, these policies don’t expire as long as you continue paying the premiums. Once your plan has accumulated large enough cash value, you can use it to purchase an Annuity for consistent income.\u003C/span>\u003C/p>\u003Ch3>\u003Cstrong>Money-Back Insurance Plans\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>A Money-Back Insurance Plan can be a good addition to your portfolio as it provides periodic payouts at predetermined intervals. Since they ensure liquidity by giving a percentage of the sum insured at regular intervals, you can benefit from it by using the steady cash flow for children’s education, loan repayments, or other financial commitments for a smooth life. \u003C/span>\u003C/p>\u003Ch3>\u003Cstrong>Immediate Annuity Plans\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>If you cannot wait several years to start receiving a steady, predictable income, then you should choose immediate Annuity Plans over other options. These plans start providing regular payments after a one-time lump sum premium payment. You can choose the payout frequency for convenience. The \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/immediate-annuity-plus\\\" target=\\\"_blank\\\">\u003Cspan>Shriram Life Immediate Annuity Plus\u003C/span>\u003C/a>\u003Cspan> (UIN:128N063V07) is the best plan in this category, providing nine different annuity options, surrender benefits, flexibility, etc. Investing in this plan can also earn you tax benefits u/s 80 C.\u003C/span>\u003C/p>\u003Ch3>\u003Cstrong>Deferred Annuity Plans\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>These \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/retirement-plan\\\" target=\\\"_blank\\\">\u003Cspan>Retirement Plans\u003C/span>\u003C/a>\u003Cspan> are designed for people who want to build a guaranteed income stream for the future, especially for their retirement. In this case, you’re expected to pay timely premiums over a period. You can then start receiving fixed payouts after the completion of the deferment phase. If you want to meet your financial obligations along the way, consider investing in \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/savings-plan\\\" target=\\\"_blank\\\">\u003Cspan>Savings Plans\u003C/span>\u003C/a>\u003Cspan> or \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/investment-plan\\\" target=\\\"_blank\\\">\u003Cspan>Investment Plans\u003C/span>\u003C/a>\u003Cspan> that complement your \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/deferred-annuity-plan\\\" target=\\\"_blank\\\">\u003Cspan>Shriram Life Deferred annuity plan\u003C/span>\u003C/a>\u003Cspan> (UIN: 128N105V03).\u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>How Life Insurance Plans Ensure Guaranteed Income\u003C/strong>\u003C/h2>\u003Cp>\u003Cspan>Most Life Insurance Plans help create a guaranteed income stream for policyholders by combining structured premium payments, predefined payout structures, and fixed interest accumulation. If you’re investing in Non-Linked Non-Participating Life Insurance for income security, insurers will invest your premiums in a combination of low-risk, high-yield instruments to ensure steady capital growth regardless of economic downturns or fluctuating market conditions. Additionally, insurers operate under strict IRDA frameworks and guidelines to ensure policyholders receive the promised guaranteed income. \u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>Benefits of Using Life Insurance for Guarantee Income\u003C/strong>\u003C/h2>\u003Ch3>\u003Cstrong>Financial Security\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>Life Insurance Plans, such as Assured Income policies, help you achieve financial security at various life stages. They provide fixed income at predetermined intervals so policyholders can use it to fund their lifestyle expenses and maintain all financial obligations without any stress and pressure. Most policies also include life insurance coverage, creating financial security for your family after your death. \u003C/span>\u003C/p>\u003Ch3>\u003Cstrong>Tax Advantages\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>One of the best financial security strategies you can follow to build an additional income stream is investing in Life Insurance Plans that align with your financial goals. You can enjoy tax benefits on these policy purchases u/s 80 C. It allows individuals to deduct their premium payments, up to INR 1,50,000 in one financial year, to lower their taxable income and liability. Some plans also provide tax-exempt maturity proceeds, subject to specific conditions. Death proceeds are always tax-exempt. \u003C/span>\u003C/p>\u003Ch3>\u003Cstrong>Stability\u003C/strong>\u003C/h3>\u003Cp>\u003Cspan>Investing in the right insurance plan can help you build effortless financial stability. Since returns from most non-linked non- participating plans are fixed, you don’t have to worry about economic uncertainty at any point in time. These plans’ predictability and security lay a strong foundation for long-term stability. If you want to experience financial stability without worrying about economic downturns or market fluctuations, invest in options like \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/sunishchit-laabh\\\" target=\\\"_blank\\\">\u003Cspan>Shriram Life Sunishchit Laabh\u003C/span>\u003C/a>\u003Cspan> (128N126V01).\u003C/span>\u003C/p>\u003Cp>\u003Cspan>It combines Life Insurance with guaranteed long-term income up to 40 years so you can live to your fullest without worrying about finances. The plan also provides multiple payout options, loyalty additions, additional benefits for female lives, two life cover options, etc., making it the best plan in the market. \u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>Choosing the Right Life Insurance Plan\u003C/strong>\u003C/h2>\u003Cp>\u003Cspan>You can only enjoy optimal benefits from using Life Insurance Policies for income generation if you invest in the right plan. We encourage individuals to always start by defining their financial goals, such as retirement fund creation, supporting a child’s higher education expenses, accumulating a certain amount for a child’s marriage, etc. Once identified, look for Life Insurance Plans that can help you fulfil these goals.\u003C/span>\u003C/p>\u003Cp>\u003Cspan>Before finalizing any policy, people must factor in their risk tolerance and consider applicable tax implications to make the right purchase. Anyone feeling confused or overwhelmed with the options, policy terms, etc., must consult a reliable financial professional for personalized guidance.\u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>Real-Life Examples and Case Studies\u003C/strong>\u003C/h2>\u003Cp>\u003Cspan>Rajesh, a 60-year-old government employee, always prioritized financial security for his golden years. While he had a pension, he worried it wouldn’t be enough to cover the rising cost of living. Hence, he supplemented his pension income with a guaranteed income stream created through immediate annuity plans. This fixed, risk-free, and predictable income helped Rajesh enjoy a stress-free life, allowing him to focus on his hobbies and enjoyment.\u003C/span>\u003C/p>\u003Cp>\u003Cspan>Meera, a 45-year-old single mother, wanted to secure her child’s future without financial stress. She invested in a money-back insurance plan that provided her guaranteed payouts at predetermined fixed intervals, helping her support her child’s higher education effortlessly. She now lives confidently and worry-free, knowing her child’s future is protected. \u003C/span>\u003C/p>\u003Ch2>\u003Cstrong>Conclusion\u003C/strong>\u003C/h2>\u003Cp>\u003Cspan>Everyone can benefit from an additional income stream outside of their primary business or job. It can help people achieve financial security and stability at different life stages. Whether planning for retirement, family protection, or future goals, investing in fixed- income- generating insurance plans can help you achieve all your goals. \u003C/span>\u003C/p>\u003Cp>\u003Cspan>If you’re ready to secure your future or take a step to achieve your major life goals, start exploring the different Life Insurance Plans at \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/\\\" target=\\\"_blank\\\">\u003Cspan>Shriram Life Insurance\u003C/span>\u003C/a>\u003Cspan>. We provide numerous savings, retirement, investment, \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/protection-plan\\\" target=\\\"_blank\\\">\u003Cspan>protection\u003C/span>\u003C/a>\u003Cspan>, and \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/child-plan\\\">\u003Cspan>child plans\u003C/span>\u003C/a>\u003Cspan> designed to fulfil various financial goals. If you’re overwhelmed with the range of policies, \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/reach-us\\\" target=\\\"_blank\\\">\u003Cspan>contact our team\u003C/span>\u003C/a>\u003Cspan> for prompt support.\u003C/span>\u003C/p>\",\"category\":\"/blog/assured-income-plan\"},{\"title\":\"Is Life Insurance Worth It for Young Adults?\",\"heading\":\"Is Life Insurance Worth for Young Adults?\",\"short_description\":\"\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Life Insurance is often viewed as a financial product reserved for older individuals, usually those with famili\u003C/span>\u003C/p>\",\"tile_image\":[{\"media_img\":{\"url\":\"https://cdn.shriramlife.com/slic-kalam/files/2025-03/is-life-insurance-worth-it-for-young-adults__0.jpg?VersionId=0XtAKeKp9lc6ve_9Fv6vru43zdlQuXR5\",\"alt\":\"Is life insurance worth for young people?\"},\"media_svg\":null,\"media_svg_alt\":\"\",\"media_document\":null}],\"posted_on\":\"2025-03-17T07:18:19\",\"updated_on\":\"2025-03-17T07:18:23\",\"read_more_title\":\"Know More\",\"slug\":\"/is-life-insurance-worth-for-young-adults\",\"field_bl_tag\":\"\u003Ca href=\\\"/blog/guides/recent\\\" hreflang=\\\"en\\\">Recent\u003C/a>, \u003Ca href=\\\"/blog/guides/life-insurance\\\" hreflang=\\\"en\\\">Life Insurance\u003C/a>\",\"description\":\"\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Life Insurance is often viewed as a financial product reserved for older individuals, usually those with families or substantial debts. However, young adults increasingly recognize its importance in their overall financial plans. This blog will explore why Life Insurance can be a wise investment for young people, explain its benefits, and explain how to choose the right policy.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>What Is Life Insurance?\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Life Insurance is a contract between the policyholder and an insurance company. In exchange for regular premium payments, the insurer promises to provide a specified death benefit to beneficiaries upon the insured's death. It serves as a financial safety net, ensuring that dependents or loved ones are financially protected in the event of an untimely death.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>How Does Life Insurance Work?\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">When you purchase a Life Insurance policy, you choose a coverage amount and a premium. If the insured passes away during the policy term, the insurer pays the predetermined amount to the beneficiaries. If the policyholder survives the term, some policies provide a cash value component that can be accessed during their lifetime.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Benefits of Life Insurance for Young Adults\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Financial Security\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">One of the primary reasons young adults should consider \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Shriram Life Insurance\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\"> is financial security. In an unexpected death, Life Insurance can provide monetary support to dependents, such as partners, children, or other family members.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">While other financial products (like \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/savings-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">savings plans\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\"> or \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/savings-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">investment plans\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">) provide some level of security, they may not provide sufficient funds to cover sudden obligations like mortgage payments, college tuition, or everyday expenses during a difficult time.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Affordable Premiums\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">A significant benefit of obtaining Life Insurance at a young age is the cost- effectiveness of premiums. Typically, premiums are lower for younger individuals because they pose a lower risk to insurers. This means young adults can lock in lower rates for Life Insurance coverage, making it a financially savvy decision.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">For instance, a 25-year old might pay considerably less for a policy than a 40- year old. Over time, this initial investment can pay dividends, as affordable premiums result in substantial savings throughout the coverage period.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Investment Component\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Certain Life Insurance policies, such as whole or universal Life Insurance, include an investment component. This feature allows the policy to accumulate cash value over time, which can be borrowed against or used as savings.\u003C/span>\u003C/p>\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Compared with other investment avenues, such as stocks or mutual funds, Life Insurance provides a guaranteed return alongside death benefits, making it a dual- purpose financial tool for young adults looking to grow their wealth while securing their future.\u003C/span>\u003C/p>\u003Ch3>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Peace of Mind\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Having Life Insurance provides peace of mind- a safety net can reduce worries about financial burdens on loved ones. Young adults often juggle various responsibilities, from student loans to starting families. Knowing that they have a plan to protect their dependents can significantly reduce anxiety about future uncertainties.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>How to Choose the Right Life Insurance Policy\u003C/strong>\u003C/span>\u003C/h2>\u003Ch3>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Assess Your Financial Goals\u003C/strong>\u003C/span>\u003C/h3>\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Before selecting a Life Insurance policy, young adults should evaluate their financial goals and needs. Consider aspects like:\u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Dependents\u003C/strong>: Who relies on you financially?\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Debts\u003C/strong>: Do you have any loans or mortgages?\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Future Plans\u003C/strong>: Are you planning to start a family or pursue significant life changes?\u003C/span>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Aligning these factors with the right Life Insurance policy can help ensure that you choose the coverage that best fits your situation.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Compare Different Policies\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">It's essential to shop around and compare various policies. Look for key features, including:\u003C/span>\u003C/p>\u003Cul>\u003Cli>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Coverage Amount\u003C/strong>: Ensure the policy provides sufficient coverage for your needs.\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Premium Costs\u003C/strong>: What monthly cost fits within your budget?\u003C/span>\u003C/li>\u003Cli>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Policy Terms\u003C/strong>: What are the conditions for claiming benefits?\u003C/span>\u003C/li>\u003C/ul>\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">By comparing multiple policies, young adults can make informed decisions that suit their specific financial situations.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Consider Professional Advice\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Understanding Life Insurance and the various policies provided by an insurer can be complicated. Seeking advice from financial advisors or insurance experts can provide clarity. They can help explain the various options available, factors affecting premiums, and the best strategies for incorporating Life Insurance into your broader financial plan.\u003C/span>\u003C/p>\u003Ch2>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">\u003Cstrong>Conclusion\u003C/strong>\u003C/span>\u003C/h2>\u003Cp>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Investing in Life Insurance as a young adult may seem premature to some. Still, this decision can provide significant advantages, including financial security, affordability, potential investment growth, and peace of mind. By understanding the benefits and taking the time to select the right policy, young adults can lay a strong financial foundation for their futures, protecting themselves and their loved ones from unforeseen circumstances. As life's uncertainties loom, having a comprehensive plan such as \u003C/span>\u003Ca href=\\\"https://www.shriramlife.com/life-insurance/assured-income-plan\\\" target=\\\"_blank\\\">\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\">Shriram life Assured Income Plan\u003C/span>\u003C/a>\u003Cspan lang=\\\"EN-GB\\\" lang=\\\"EN-GB\\\"> which includes Life Insurance can be one of the most responsible and beneficial choices a young adult can make.\u003C/span>\u003C/p>\",\"category\":\"/blog/advice\"},{\"title\":\"A Parent's Guide to Long-Term Investment Options for Your Child\",\"heading\":\"Top Investment Tips to Secure Your Child’s Future\",\"short_description\":\"\u003Cp>Starting early with long-term investments is crucial when securing a child's financial future.\u003C/p>\",\"tile_image\":[{\"media_img\":{\"url\":\"https://cdn.shriramlife.com/slic-kalam/files/2025-03/a-parent-s-guide-to-long-term-investment-options-for-your-child_0.jpg?VersionId=_hfau2.r2YC6tDpu4Q1Cv1XXfx2W9nwZ\",\"alt\":\"Long Term investment options for children\"},\"media_svg\":null,\"media_svg_alt\":\"\",\"media_document\":null}],\"posted_on\":\"2025-03-14T11:34:02\",\"updated_on\":\"2025-03-14T11:34:05\",\"read_more_title\":\"Know More\",\"slug\":\"/top-investment-tips-to-secure-childs-future\",\"field_bl_tag\":\"\u003Ca href=\\\"/blog/guides/recent\\\" hreflang=\\\"en\\\">Recent\u003C/a>, \u003Ca href=\\\"/blog/guides/child-plan\\\" hreflang=\\\"en\\\">Child\u003C/a>\",\"description\":\"\u003Cp>Starting early with long-term investments is crucial when securing a child's financial future. By planning, parents can build a solid financial foundation that supports their child's ambitions, from education to home ownership. This guide highlights various long-term investment options tailored for children while emphasizing the importance of early financial planning.\u003C/p>\u003Ch2>\u003Cstrong>Why Long-Term Investments Are Important\u003C/strong>\u003C/h2>\u003Ch3>\u003Cstrong>The Power of Time and Compound Interest\u003C/strong>\u003C/h3>\u003Cp>Long-term investments are vital because they harness the power of compound interest. This phenomenon enables your money to grow exponentially over time. The earlier you start investing for your child, the more time your investments have to mature, leading to potentially greater wealth accumulation. For instance, regularly investing a small sum from birth can result in a substantial nest egg when your child is ready for college or making significant life decisions.\u003C/p>\u003Ch2>\u003Cstrong>Investment Options for Your Child\u003C/strong>\u003C/h2>\u003Cp>Parents can choose from several avenues when exploring investment options, each with unique benefits and considerations.\u003C/p>\u003Ch3>\u003Cstrong>Children’s Savings Accounts\u003C/strong>\u003C/h3>\u003Cp>Children’s savings accounts are an excellent starting point for teaching kids about saving money. These accounts often provide favorable interest rates and low minimum balance requirements, making them accessible for families. It is essential to weigh the need for accessibility with the desire for growth when considering these accounts. Children's savings accounts provide several benefits, including teaching financial literacy, budgeting, and banking basics. They help children develop a savings habit and can provide slightly higher interest rates than regular savings accounts. These accounts serve as emergency funds and promote goal-based saving, teaching children the value of money and delayed fulfilment. They also demonstrate the power of compounding as children see their savings grow. Also, there are tax benefits, particularly for education-related expenses, and some accounts even provide free insurance coverage, such as education insurance.\u003C/p>\u003Cp>However, there are limitations, such as modest growth potential compared to higher-risk investments and the impact of inflation, which may reduce the real purchasing power of savings. Additionally, children's accounts often restrict withdrawals and daily spending to prevent misuse.\u003C/p>\u003Ch3>\u003Cstrong>Whole Life Insurance Policies\u003C/strong>\u003C/h3>\u003Cp>Whole life insurance policies are comprehensive financial tools that provide dual benefits: life insurance coverage and an investment component. These policies provide lifelong coverage, ensuring financial security for your loved ones, and accumulate cash value over time. The cash value grows at a guaranteed rate and can be borrowed against or cashed in, providing flexibility and financial benefits.\u003C/p>\u003Cp>One of the key advantages of whole life insurance is the lifelong coverage it provides, ensuring that your children are financially protected throughout their lives, even if their needs change over time. The policy's cash value accumulation also serves as a savings or investment tool, allowing for future financial goals such as funding education or retirement. The cash value can also be accessed during emergencies or for personal needs, providing flexibility. The guaranteed cash value growth provides stability, making it an attractive long-term financial strategy. Furthermore, whole life insurance can provide tax-deferred growth and potential dividends, enhancing the overall return on investment.\u003C/p>\u003Ch2>\u003Cstrong>Child Plans Available at Shriram Life Insurance\u003C/strong>\u003C/h2>\u003Ch3>\u003Cstrong>Shriram Life New Shri Vidya Plan\u003C/strong>\u003C/h3>\u003Cp>The \u003Ca href=\\\"https://www.shriramlife.com/life-insurance/new-shri-vidya-plan\\\" target=\\\"_blank\\\">Shriram Life New Shri Vidya Plan\u003C/a> (UIN: 128N051V03) is tailored specifically for children's education needs. It provides a blend of \u003Ca href=\\\"https://www.shriramlife.com/life-insurance/protection-plan\\\" target=\\\"_blank\\\">protection plan\u003C/a> and \u003Ca href=\\\"https://www.shriramlife.com/life-insurance/savings-plan\\\" target=\\\"_blank\\\">savings plans\u003C/a> to help secure funds for higher education. This participating, non-linked policy provides insurance protection and savings benefits, with the added advantage of accumulating bonuses to enhance the corpus. It ensures financial security through money-back benefits in the last four years, a death benefit for the policyholder’s family, and flexibility in payout options, including lump sum or regular payments tailored to educational milestones.\u003C/p>\u003Ch3>\u003Cstrong>Key Features\u003C/strong>\u003C/h3>\u003Cul>\u003Cli>Policy Type: Non-linked, participating, individual savings plan.\u003C/li>\u003Cli>Premium: Starting from approximately ₹8,000 annually.\u003C/li>\u003Cli>Sum Assured: Minimum Sum Assured starts from ₹1 lakh, with no maximum limit.\u003C/li>\u003Cli>Policy Term: Minimum 10 years, maximum 25 years.\u003C/li>\u003Cli>Premium Paying Term: Minimum 8 years, maximum 25 years.\u003C/li>\u003Cli>Entry Age: Minimum 30 years, maximum 50 years.\u003C/li>\u003Cli>Maturity Age: Minimum 28 years, maximum 70 years.\u003C/li>\u003Cli>Premium Payment Frequency: Monthly, quarterly, bi-annually, and annually.\u003C/li>\u003Cli>Free Look Period: 30 days from receipt of policy documents to cancel if unsatisfied.\u003C/li>\u003Cli>Grace Period: 30 days for premium payment.\u003C/li>\u003C/ul>\u003Ch2>\u003Cstrong>How to Choose the Right Investment Option\u003C/strong>\u003C/h2>\u003Cp>Selecting the right investment option requires careful consideration of various factors.\u003C/p>\u003Ch3>\u003Cstrong>Assess Your Financial Goals\u003C/strong>\u003C/h3>\u003Cp>Evaluate your personal and family financial goals to determine what you want to achieve through your investments. Consider factors such as your child’s future educational needs and expenses related to their future endeavors. Aligning your investment strategies with these goals will optimize the chances of financial success.\u003C/p>\u003Ch3>\u003Cstrong>Consider Your Risk Tolerance\u003C/strong>\u003C/h3>\u003Cp>Every investment comes with its risks. Understanding your risk tolerance- how much risk you are willing to take- will dictate your investment choices. Lower-risk investments such as savings accounts or life insurance policies might be suitable if you prefer stability. On the other hand, exploring mutual funds or stock options may be advisable if you’re willing to take higher risks for potentially greater returns.\u003C/p>\u003Ch2>\u003Cstrong>Conclusion\u003C/strong>\u003C/h2>\u003Cp>Starting long-term financial planning for your child's future is a proactive step that can yield significant benefits. By investing in suitable \u003Ca href=\\\"https://www.shriramlife.com/life-insurance/child-plan\\\" target=\\\"_blank\\\">child plans\u003C/a> provided by \u003Ca href=\\\"https://www.shriramlife.com/\\\" target=\\\"_blank\\\">Shriram Life Insurance\u003C/a>, you ensure financial protection and contribute toward your child’s educational and personal development needs. Choosing the right investment option requires thorough research and introspection. Evaluate your financial goals, assess your risk tolerance, and consider options that align best with your family's needs. Remember, the earlier you begin your investment journey, the more time your savings have to 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