/ -- As India witnesses a reducing interest rate cycle, guaranteed return plans like Edelweiss Tokio Life - GCAP are touted to become preferable savings instrument to fulfil long-term goals.
Over the past two months, the Reserve Bank of India (RBI) has cut its repo rate by 75 basis points to 4.4% to support the Indian economy during headwinds posed by COVID-19. Aligned with this reduction, the traditionally preferred savings instrument, Fixed Deposits (FDs) are expected to give significantly lower returns. Comparatively, guaranteed return plans like Edelweiss Tokio Life - GCAP offer assured post-tax returns of 6.5-7.0% to customers, making it a much more lucrative and ideal financial tool for long-term wealth accumulation.
Increased unpredictability in the markets and disruption in cashflows have made people risk-averse and revaluate their financial portfolios to provide for long-term goals. Guaranteed plans like Edelweiss Tokio Life - GCAP offer a risk-averse solution for structured and goal-based financial planning.
Edelweiss Tokio Life - GCAP offers the benefit of a life cover and upfront guaranteed benefits. With a premium payable as low as Rs. 1,500, the product is affordable and offers flexibility in terms of premium paying terms. The benefits of the plan can also be enhanced through riders like Waiver of Premium, Critical Illness, and Disability. The policyholder can also avail of a loan facility to meet any exigent requirements in the future. The plan also offers additional benefits from the 9th year of the policy through guaranteed accrual additions.
Along with adjusting to the new normal, one needs to start saving with a guaranteed plan like Edelweiss Tokio Life - GCAP today.
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