 "Insurance")
Insurance is meant to provide protection against risk. That is why products offering guaranteed returns are popular, as they offer the protection of a stable income. Given that last year equity markets were volatile and interest rates were in a downward trend, insurers saw renewed focus in such policies.
Guaranteed return plans that offer an assured income are a win-win for both the insurance company as well as the customer, says Karthik Raman, chief marketing officer, head-products and strategy, IDBI Federal Life. Customers get returns that are guaranteed irrespective of whether interest rate movement or equity markets. For companies the
