If you care about your family, then you’ll want their future to be safe and financially secure even after your absence. In India, a person can shape their family’s future by securing them financially with a guaranteed savings plan.
Every father and mother aims to give their child the best education and throw a grand wedding celebration. The best-guaranteed savings plans are the ideal way to accomplish such family goals and secure their future.
Reasons Why You Need To Invest In The Best Savings Plan
As a policyholder, you can leverage the benefits of a guaranteed savings plan to secure your family’s future. The best savings plan protects your family even after your demise by providing them (beneficiary) the death benefits as returns.
Here are a few reasons why you need to invest in a guaranteed savings plan in India:
- Life Cover
The exceptional savings plan ensures a life cover for the complete duration of the policy while you keep paying the premium amounts for a stipulated period. This helps secure your family’s financial status after your demise or absence.
- Guaranteed Returns During Maturity
If you pay all the policy premiums on time, then you get entitled to guaranteed returns at maturity. You can use that money for a wide range of purposes. For instance, you can utilize the money after retirement or use it for your child’s college education.
- Multiple Options For Premium Payment
The best savings plan gives you the flexibility to make your premium payments through one of the various payment modes like offline deposit or online transaction. As everyone now prefers to pay their bills digitally, having access to online payment options is a benefit after all.
- Availability of Loan
Do you know that a savings plan can be used to take out a loan in case of any emergency? However, it can only be given when your policy collects its surrender value. The maximum loan amount you can get from a savings plan is 80% of the prevalent surrender value, and the minimum loan amount is ₹20,000. The interest rate for these loans is reviewed and decided every year on 31 December.
- Excellent Premium Booster
With the option of a high premium booster, you get entitled to higher returns at the time of maturity. The higher your premium, the higher the returns on that specific premium. Saving your hard-earned money with a trustworthy and lucrative savings plan ensures a stress-free life afterward.
Education expenses and marriage costs are the two main things that every family head plans beforehand, and considering a guaranteed savings plan is an excellent way to put your thoughts in that direction.
Visit here to invest in Kotak Guaranteed Savings Plan.
Final Thoughts
No one can either control or predict death, but you can manage and secure your family’s future even after your death.
As a head of the family, you should always be one step ahead and plan your future by opting for a guaranteed savings plan. Know and evaluate your requirements while considering your family’s significant future expenses.
Moreover, consider inflation and its changing rate pattern while determining future needs. Get the best insurance cover to satisfy and meet your family’s financial needs.
So, no matter whether you’re gone, your family will be financially stable and safe.
Click here to know more about Kotak Guaranteed Savings Plan: https://www.kotaklife.com/online-plans/savings-plan