/ -- Everyone knows that the financial market now is volatile and unstable. Moreover, savings / fixed deposit rates are continuously falling as the economy develops. As a consequence, the returns of fixed income products like fixed deposits are also lowering. So, in a scenario where FD interest rates are declining, a guaranteed returns plan like Edelweiss Tokio Life - GCAP is a good choice to meet the financial needs and ensure that savings don't suffer a downfall.
GCAP caters to the need of stable wealth accumulation and goal security. Whenever one invests, one should have a goal in mind along with the time frame such as 10/15/20 years. Goals can be buying a second home or financing one's kid's education. So, one option can be market-linked investments like equity shares or mutual funds. But one can't be sure of market yield at any given point of time. That's why it's better to balance out the risks by investing in a guaranteed returns plan like Edelweiss Tokio Life - GCAP. This plan guarantees that goals are met and that too, without the risk of losing money.
It offers the benefit of a life cover and returns are guaranteed upfront. There are guaranteed Accrual additions if one stays invested for above 9 years. The plan also provides complete flexibility in terms of choosing the premium paying terms and policy terms to suit one's requirements. This helps to plan for life goals of any medium to long-term span.
It's a perfect plan where policy loan is available once the plan acquires surrender value. The maximum loan amount is 90% of surrender value. Not just savings and guaranteed corpus, this plan also lets to avail tax benefit on premiums and maturity amount. This is with tax-free returns under section 10(10D) and tax benefit on premium paid under section 80C.
With GCAP, there is an option to stop paying premiums if diagnosed with any one of the 12 critical illnesses. Also, avail a lump sum to manage medical expenses on the diagnosis of 12 critical illnesses. Yes, Edelweiss Tokio Life - Critical Illness Rider provides with a lump sum to cater to immediate expenses in case the income earning capacity is hindered in the event of critical illness.
About Edelweiss Tokio Life Insurance
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To learn more about Edelweiss Tokio Life Insurance, please visit www.edelweisstokio.in
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Disclaimer: No Business Standard Journalist was involved in creation of this content
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