Insurance policies offer a multitude of benefits to customers looking for monthly income by saving idle funds.

In todayÂ’s fast-paced world, fixed regular incomes are crucial for acquiring financial stability. you earn a fixed income every month by making sensible financial decisions?

Yes. Earning a regular fixed monthly income through investments is possible and can hold the key to a secure future where you do not need to worry about sudden contingencies and emergencies. In fact, insurance offers a unique solution that allows you to enjoy life cover and realize your financial goals.

IndiaÂ’s insurance market is expected to reach $200 billion by the year 2027Moreover, India is fast emerging as one of the largest Life Insurance Markets on the global scene. Looking at this opportunity, multiple insurance companies are offering several insurance plans with numerous benefits and features. By investing in the best guaranteed. Insurance plans for securing a monthly income, more and more Indians are utilizing this opportunity to build wealth and generate consistent returns. The guaranteed insurance plans are an easy way to plan your financial goals.

When all your basic expenses are covered by your monthly income, it makes financial sense that you think about investing in a carefully chosen guaranteed plan which gives good returns for your future financial needs and will help you tackle any financial uncertainties in life.

Guaranteed income plans are designed keeping the needs of the customers in mind. The guaranteed income plan works like a regular income which can be received on a monthly, quarterly, half-yearly, and yearly basis. If you are thinking of growing your income steadily over a period of time, you should evaluate monthly guaranteed income plans.

Benefits Of Monthly a Guaranteed Long Term Income Investment Insurance Plan

Imagine getting a steady stream of income every month after your retirement. Plus, you get life coverage! Sounds like a comfortable life that gives you peace of mind, right? This is exactly the benefit of getting a monthly guaranteed income investment plan. LetÂ’s understand the benefits of these plans in detail.

1. An assured monthly income that can help you overcome financial exigencies. Be it a planned expense or one that cropped up suddenly, you create an assured monthly inflow of finances which will assist you in planning your finances and realizing your dreams.
2. Monthly income investment plans have the provision for choosing a premium amount that suits your pocket. You can decide on an affordable premium and choose the term duration as well as the premium payment duration. Your monthly income is generally dependent upon your premium amount, policy duration and premium payment term. Some policies also offer you the flexibility to get increasing monthly income as well. For e.g., in the Generali Central Long Term Income Plan you get increasing income every 5 years starting from the 11th policy year till the end of the policy term. This feature helps you plan out your savings and increase your income gradually taking care of rising costs.
3. In the case of a mishap such as the sudden demise of the policy owner, the insurance company offers death benefit to those dependent on the life assured i.e. the nominee.
4. Most guaranteed income plans offer maturity and survival benefits which vary from one product to another..
5. These insurance plans offer a lot of flexibility in their terms. You can align the maturity tenure with your retirement plans and reap long-term rewards with guaranteed long-term income. You can also choose the duration for which you want to pay the premium.
6. You may also be eligible for tax benefits on the premium(s) you pay and benefit proceeds, according to the provisions of Income Tax laws, as amended from time to time. If you are looking for a life insurance savings plan that offers you multiple benefits, then you must check out Generali Central Long-Term Income Plan.

Let’s look at an example for better clarity— Arvind (38 years old) chose the Generali Central Long Term Income Plan-Option 1 with Immediate Income Option. He has opted for an Annual Premium (excluding the taxes, rider premiums, loadings for modal premium and underwriting extra premiums, if any) of Rs. 50,000 for a Premium Payment Term of 8 years, Policy Term of 30 years and Monthly survival benefit payout frequency.

With this plan, he will have to pay a total premium of approximately Rs. 4,00,000 (excluding applicable taxes) over eight years. During the policy term, he will get guaranteed regular monthly income, starting from the next month of starting the plan till the end of policy term, which adds up to Rs 3,20,040 On maturity, the plan also offers him an assured maturity benefit of Rs. 8,00,000, provided he pays all due premiums.

At the end of the Policy Term, Arvind gets Rs 11,20,00 as Total Benefits!

With a plan like this, he could enjoy a host of privileges that includes guaranteed benefits, monthly returns, tax benefits, and more.

Bottom Line.

Saving in an insurance plan is a good way to plan for your finances so that you can take care of all your planned and unplanned expenses. There are multiple investment plans available for monthly income. You need to narrow down on one that gets you the maximum benefits. To find a plan that suits you best, you must conduct thorough research in the market to Analyse which plans work best for your personal financial needs.

To understand which policy is best suited to your particular needs and how, you can visit our website or talk to our trusted and experienced advisors.