/ -- As global investors turn risk averse amid ongoing market volatility, guaranteed returns plans like Edelweiss Tokio Life's GCAP are emerging as attractive instruments to bolster savings during this period of continued uncertainty.
With a simplified product structure, Edelweiss Tokio Life's GCAP enables stable wealth accumulation and offers guaranteed returns even during short-term market volatilities. It 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 a loan facility to meet any exigent requirements. The plan also offers additional benefits from the 9th year of the policy through guaranteed accrual additions.
The current market scenario has emphasised the need for individuals to reconsider their financial portfolio. Alternate savings options like Edelweiss Tokio Life's GCAP have become crucial in these testing times that pose a risk to customers who have traditionally relied on deposits and corporate bonds. The declining interest rate scenario in India further accentuates the appeal of long-term committed returns of Edelweiss Tokio Life's GCAP.
All premiums paid are eligible for deduction from taxable income under section 80(C) and the maturity amount is also eligible for deduction from taxable income under section 10(10D).
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To learn more about Edelweiss Tokio Life Insurance, please visit www.edelweisstokio.in
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