Are You A Fixed Deposit Investor ? Guaranteed Return Insurance Plan Merits Your Attention

Insurance plans have GST applied to the premium.

Thank you so much for your valuable advice.Actually I am studying about this plan so your video gives more knowledge about this Don't say loudly if GOVT heard immediately they will put TAX.
IN Policy bazaar I have seen this plan and I was attracted by them.Really useful for NRI'S to save there harden money.

Excellent clarifications.. Lot of time & effort into this presentation. ❤

How to use Company PF amount ? We are not getting interest at all. I work for 10 years in india and I got few PF amount ? How to access all this amount all at a time ?

A great video indeed. Thanx a lot 🙏🙂

YOUR PRONUNCIATION OF FIXED DEPOSIT IS VERY STRANGE....

Why there is no mention on ROP? There is big cut here to insurance companies

MONEY BACK POLICY RETURNS ARE A LOSS..DON'T GO IT...ESPECIALLY LIC....GREAT LOSS

Sir This product I believe may not be compared fully with FD. In FD we can hold money without regular cash inflow for long years say for example 20 years allowing capital to grow.. In between in 10 yrs one can renew bank FD along with accrued interest but with reduced interest rate and taxation for resident Indian. But in guaranteed return product one may not be able to hold the money for long years say 20 years allowing appreciation of capital due to compounding benefit. . In FD returns through regular annuity can be compared with this product. In this product deferment years are limited and regular tax free annuity is mandatory ss per my understanding. Due to this there is insignificant appreciation of capital . This product may be good only for those who may not have significant or no investment in mutual funds and may not do SWP. In SWP one can have cash inflow and capital appreciation both subject to limited withdrawal of say 5 to 10٪. اIn view of above can u please suggest guaranteed product wherein money can be parked for long years say 20 years to get fbenefit of compounding and tax free return as lumpsum.

@nrimoneyclinic - in the 2023 budget has this tax benefit been removed for guaranteed monthly returns?

Now away govt is bigger fraud

So thoroughly explained sir

If u add up Insurance product will give u 2x money after 15yrs and 3x after 35 yrs....india may not tax u but countries abroad will tax u abroad..consider inflation 2x after 15yrs or 3x after 35 yrs is not worth and who knws lic hdfc or other insurance linked plans will be ther sfter 35yrs

Is there any guaranteed return plans with an escalation clause, where the return or pension amount more than the inflation rate ?

Sir ...I took Canara HSBC oriental Bank guaranteed smart future income plan...can you tell me this Will be useful for me....iam using new account for this

By name of the plan is gauranteed but not In bond as gauranteed

Thanks Sir for the beautiful explanation.
But please explain how IRR and CAGR are similar, Also kindly provide the explanation how 10% FD is same as 7% of IRR.
Again thanks.

Amazing content!! 👍👍
Keep up the good work. 💯🔥🔥

Lic Jeevan shanti. Does this plan comes under the category, which you explained ? Please advice..

Return of principal is tax free interest is taxable. Please clarify

Very lucid explanation..

What happens if the individual is unable to pay the premium after a couple of years? Is there a guarantee that the principal investment amount will be repaid back as FD gives that guarantee...

Can anyone reply with the available Guaranteed return's insurance plans

There are two aspects that one should note. 1.Unless you are in 30% Tax bracket the post GST returns are not likely to be better than FD. 2. If you are an NRI then GST charges are waived but this is not the case with residents. Residents pay 4%in the first year and 2.5% in the subsequent years. 6 % IRR post tax is still OK for people in 30% bracket.

Sir, what's the point of investment this type if it doesn't beat inflation. Down the lane after 10 or 20 yrs .the inflation will eat away the mature amount we r getting monthly or yearly. Even FD is not advisable as its taxable and doesn't beat inflation in long term. Please give ur advice

Mind-blowing Sir

I have been paying tax in US for all the interests accrued on my NRI account. Do i have to pay tax on returns from these Guaranteed Insurance Plans as well?

Please suggest the best investment plan for a senior citizen who can invest a lump sum in an instrument and get the best rate of interest and get a monthly income

Sir can you make a video on Mutual Funds investing for US based NRIs

Can an nri aged 80 years can invest in this plan

Not ok Sir. May be one can dont bother to get any money back.

Sir, can you name some of them, please?
How’s the ABSLI’s Vision Endowment Plus Plan? Is it believable that the return of 7%+ ?

👍👍👍👍👍👍

Sir you can post the name of the plans in each insurance companies, so people will not choose old plans they will choose the newest one wisely

Sir,
Excellent video.
In insurance GURANTEED Plans,GST @18%IS charged on 10 %of the money invested.
Egi was planning to buy Rs25 lac ABSL fixed maturity plans.
Considering 10 times insurance for income tax exemption under 10 d,they were charging 18 % GST on Rs2.5 lacs.Which reduces returns.
Pl comment.
Regds

Amazing and very informative video, very well explained for a layman, thank you!

SIR IF I PAY PREMIUM FOR SEVEN OR 10 YEARS.....AFTER THAT FIXED RETURN IS PAID TO ME ROUGHLY 6 TO 7 PERCENT OF MY INVESTED AMOUNT ......BUT I WILL NEVER GET MY PREMIUM (PRINCIPLE) RETURNED IN MY HANDS ...ONLY MY NOMINEE WILL GET. THE PREMIUM I PAID....BUT IF I TAKE ANNUITY THE PRINCIPLE I CAN GET FOR MYSELF IF I NEEDED... IS THISB MY UNDERSTANDING CORRECT SIR??

Sir I contacted u but I didn't got reply with final solutions

Information is very helpful

How is Max Life Smart Wealth Advantage Guarantee Plan ?

C.

Thank You for info -
Is this for OCI card holder but other country nationality ?

Good information

may.... 🤔.

First of all your videos are too long. In this fast paced world, very less people spend watching a 30mins video. I saw the video in 1.5x. So please cut short ur video.
Second - this doesn't work for people who don't pay tax. Fd is still attractive.
Thirdly - you are repeating the same thing again and again.

Sir,
Excellent video.Excellent inf.
Sir pl explain with some example.
What are FMP ?
REGDS

I'm OCI can i buy into this plan?

I understand Retirement Plans (giving predefined yearly returns) by Insurance Companies are TAXABLE. And Guaranteed Income Plans hv max age to join (mostly not beyond 60 yrs of age) - so not suitable for retired persons. Pl clarify. Another concern is heavy penalty (meager Surrender Values), if one discontinues the policy during Premium paying period.

If invested using NRE funds, are any of the insurance linked investments taxed on maturity in India (the matured funds get deposited directly into NRE)?

Considering NRE FD, the interest is not taxable in India. Given this, is the only advantage - guaranteed rate for life with insurance linked investments?

Is there an upper age limit for subscribing to these plans