Why the best time to invest in guaranteed return plans is right now
In today’s uncertain times, individuals naturally strive to grow their savings, meet financial goals, and secure their future. As a result, they seek investment opportunities that offer high tax-free returns with minimal risk. Among the array of options available, Guaranteed Return Plans stand out for their exceptional benefits, providing a stable and assured income with minimal risk. To top that, the impressive guaranteed return of up to 7.5% definitely tips the scale in its favour. However, timing is crucial in capitalizing on this opportunity as the current favourable returns may not be around forever.
India, known as one of the world’s fastest-growing economies, is rapidly inching towards becoming a developed nation. In pursuit of this goal, the country has implemented strategic measures, gradually reducing tax exemptions across various asset classes. Some recent developments include long-term capital gains (LTCG) tax applicable on equity mutual funds in 2018, or the imposition of LTCG tax on Unit Linked Insurance Plans (ULIPs) for premiums more than Rs. 2.5 lakhs in 2021. This was followed by the introduction of the tax on maturity in debt mutual funds in 2023. Moreover, proceeds from traditional life insurance plans exceeding Rs 5 lakh annual premiums no longer qualify for tax exemption under section 10 (10D) in FY 23-24.
Given these developments, taking swift action and investing in guaranteed return plans that currently offer promising interest rates can help secure investors’ financial futures. Here’s highlighting why now is the ideal time to invest in guaranteed return plans:
High and tax-free returns are a sought-after combination for investors looking to maximize their investment for life’s milestones. In
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