Are You A Fixed Deposit Investor ? Guaranteed Return Insurance Plan Merits Your Attention

[@sinanstv9671]

Insurance plans have GST applied to the premium.

[@NRIMoneyClinic]

Yes you are right but if you are an NRI and paying from NRE account then the GST will be waived off during payment or refunded after policy issuance.

[@AK-gr9qk]

@@NRIMoneyClinic but NRI will have to still pay taxes abroad

[@verydutta]

@NRI Money Clinic: Can you please make a video explaining how this guaranteed insurance plans maturity benefits(returns) are taxed outside of india (let's say USA)

[@pramodkumarkashyap6823]

​@@NRIMoneyClinic 😊😊

[@simplepathin]

The GST is only 4.5% in 1st year and 2.5% from 2nd year onwards. Income/ maturity through Insurance plan is tax free. Compare that with 10% TDS on FD, and further income tax on the gain, it's a great investment.

[@thangathambi5172]

Sir you can post the name of the plans in each insurance companies, so people will not choose old plans they will choose the newest one wisely

[@curiousindori]

After considering all aspects, no such plans of 7% exists hence no plan were mentioned.

[@milindkotasthane9362]

Could you please let us know the current cap on tax free status of such plans? Also what would be the best IRR one can get?

[@kalpananarendra7599]

Fantastic way of explaining.

[@arulkumar2078]

Thanks you for the detailed explanation, Is the return fund is repatriable ?

[@rameshradhakrisshnan5686]

Very comprehensive and educative as always Sir ji❤❤❤

[@readyforlife7283]

Absolutely correct sir. Everybody is looking for the percentages...Amazing Guaranteed plans are available in the Insurance companies. Like tax free incomes, pensions and lot of good schemes But Mutual fund & stocket market guys confusing people actually. Banks are selling Millions of rupees plan coz of the quality of the Guaranteed plans. Mutual funds guys are confusing people for their promotions.

[@Venkeys91]

Can you suggest some good Guaranteed return plans giving decent % to be looked into??

[@akshayskumar6132]

@@Venkeys91 there are companies that provide 7% IRR for next 30-40 years.

[@rohanrajah8839]

Excellent clarifications.. Lot of time & effort into this presentation. ❤

[@krishnaramachandran7722]

There are two aspects that one should note. 1.Unless you are in 30% Tax bracket the post GST returns are not likely to be better than FD. 2. If you are an NRI then GST charges are waived but this is not the case with residents. Residents pay 4%in the first year and 2.5% in the subsequent years. 6 % IRR post tax is still OK for people in 30% bracket.

[@NRIMoneyClinic]

Also you need to keep in mind fall in interest rates of future

[@nitinpatni5505]

Is there any guaranteed return plans with an escalation clause, where the return or pension amount more than the inflation rate ?

[@mukundshah8466]

I'm OCI can i buy into this plan?

[@kiran27654]

ಉತ್ತಮ ಮಾಹಿತಿ

[@ashokbharti4354]

I understand Retirement Plans (giving predefined yearly returns) by Insurance Companies are TAXABLE. And Guaranteed Income Plans hv max age to join (mostly not beyond 60 yrs of age) - so not suitable for retired persons. Pl clarify. Another concern is heavy penalty (meager Surrender Values), if one discontinues the policy during Premium paying period.

[@rkaggarwal3423]

Sir, Excellent video.Excellent inf. Sir pl explain with some example. What are FMP ? REGDS

[@shanmugarajasenathipathy772]

Smart Wealth Advantage Gaurentee Plan (SWAG) from Max Life is one such. Does it makes sense to go for this ?

[@adityakothari2350]

A great video indeed. Thanx a lot 🙏🙂

[@saianantha9002]

Excellent information. Thank you.

[@gopikanandachattopadhyay3456]

Thank you for your explanation .

[@desaianiruddha]

Thank You for info - Is this for OCI card holder but other country nationality ?

[@bandoayan]

I am OCI holder and just got into the plan

[@aravindtiwari9702]

Amazing content!! 👍👍 Keep up the good work. 💯🔥🔥

[@sandhyamadhu8564]

Please suggest the best investment plan for a senior citizen who can invest a lump sum in an instrument and get the best rate of interest and get a monthly income

[@himanshujoshi2974]

NPS, SCSS, Tax savings bonds and PMVVY also give you tax free returns for 15 lakhs each which are good options to the FD and Guaranteed plans

[@krishnaramachandran7722]

NPS, SCSS and PMVVY are not tax free. Interest earned will attract Tax.

[@vs5948]

So thoroughly explained sir

[@patelse]

Please make video on government bonds and how NRI can invest in.

[@NRIMoneyClinic]

Sure , will consider your suggestion

[@nkrishnamys]

Mind-blowing Sir

[@theinfiniterun]

Amazing and very informative video, very well explained for a layman, thank you!

[@drarunfrancis]

You are my man 👨 . Everyone tells don’t couple insurance and investment. I strongly believe that it does not fit everyone . I have a ULIP and endowment policy . I am confident ULIP held till maturity will yield decent returns . My endowment policy is a guaranteed returns policy , the sum guaranteed at the end of 12 th year is printed in the insurance policy . Are you talking about a similar plan ?

[@tourist3066]

I dont thing anything is guaranteed. Check fine prints. I learnt it after 20 years

[@NRIMoneyClinic]

@tourist .. it is your fault.. Zurich is not guaranteed. What i mentioned is GUARANTEED, and it is GUARANTEED, I STRESS IT .

[@NRIMoneyClinic]

I have a reputation to live with . I am not a fly by night operator. Dont cry foul for your ignorance@ tourist

[@tourist3066]

@@NRIMoneyClinic Zurich is world's number one and sold by another world no 1 Citi bank Dubai . Forget guaranteed I'm asking them just let me know the future premium payable. Any gap I will pay. But no. Your reputation means nothing when you promote wrong products .Elsewhere I'm your fan but here I am not because at one time I believed in this and invested not just Zurich but also with AIG. All lies

[@tourist3066]

@@NRIMoneyClinic Im not questioning your integrity. You may be a good person. But you too will have no control on anything if the product itself is bad. Lot of good people honestly serve bad companies. So many good people at Karvey stock brokers, but what the directors did? .its same thing everywhere

[@chessburger-z2p]

I have been paying tax in US for all the interests accrued on my NRI account. Do i have to pay tax on returns from these Guaranteed Insurance Plans as well?

[@gauravipal9518]

You will pay taxes in US

[@rajayogi3493]

Very lucid explanation..

[@vibhushinde]

For an NRI investor how this tax calculation change if he/she become USA citizen may be 10 year down the line ? As most of these plans investor can opt for life time or 30 year guaranteed income.

[@margaretjohn5590]

Thank you so much for your valuable advice.Actually I am studying about this plan so your video gives more knowledge about this Don't say loudly if GOVT heard immediately they will put TAX. IN Policy bazaar I have seen this plan and I was attracted by them.Really useful for NRI'S to save there harden money.

[@Obelix5658]

It happened. Since march 2023, premium above Rs 5L is taxed

[@vinay4886]

Thank you for this valuable information, sir. 👏👏 This is super useful for those of us who are planning to return and have some investments in India for our retirement years.

[@shyamsundarmondal6911]

Kindly elaborately discuss for 2nd income for 68 yrs.retired man for the benefit of 35 yrs.old son.

[@prasannasahu673]

How to use Company PF amount ? We are not getting interest at all. I work for 10 years in india and I got few PF amount ? How to access all this amount all at a time ?

[@andromeda2950]

PPF belongs EEE category.... Anyways this was good video as never knew much about this product and its taxfree status. Thanks.

[@rkaggarwal3423]

Sir, Excellent video. In insurance GURANTEED Plans,GST @18%IS charged on 10 %of the money invested. Egi was planning to buy Rs25 lac ABSL fixed maturity plans. Considering 10 times insurance for income tax exemption under 10 d,they were charging 18 % GST on Rs2.5 lacs.Which reduces returns. Pl comment. Regds

[@floatinsun]

If you are investing from NRE account No GST

[@rajagopalanjayakumaran7110]

Sir, which Insurance Co. In India gives 7℅ IRR guaranteed lifelong after PPT?. If at all given. It will be without return of purchase price to the Nominee. Pl clarify.

[@ramakrishnanvg9148]

YES UR PRINCIPLE WILL NOT BE AVAILABLE FOR U AND ONLY GIVEN TO UR NOMINEE---AM I CORRECT?

[@NRIMoneyClinic]

No, you are not correct here

[@AnimeshDas11]

Me too interested to know.

[@krishnaramachandran7722]

Unless GST is waived as it is for NRIs 7% is impossible. Even 6% IRR is equivalent to 6/0.68= 8.5+. % for those in 30% Tax bracket where the tax plus surcharges and cess works out to 32+%. 8.5% is only possible with company 5 year FDs like Shriram transport finance Corp or Sundaram finance which has recently hiked returns for senior citizens. Those below 60 will earn slightly lower interest.

[@pratapc.r.1569]

Good explanation.

[@sandeepintown]

What happens if the individual is unable to pay the premium after a couple of years? Is there a guarantee that the principal investment amount will be repaid back as FD gives that guarantee...

[@shamsundar6078]

Lic Jeevan shanti. Does this plan comes under the category, which you explained ? Please advice..

[@NRIMoneyClinic]

No

[@mskumar9000]

I have 2 questions - 1. Is this for NRIs or can resident Indians also invest and get the tax exemption? 2. Can a superannuated person choose this and make a single lump sum investment (eg. 50 lacs or higher) and opt for the monthly income straight away?

[@akshayskumar6132]

Tax exemption is there for everyone. But resident indians have to pay gst on the premium.

[@shalley21]

Information is very helpful

[@jerrynobert]

Sir, is this a promotional video? Now a days ago banks, Agents and broker all wants to promote GIP. The USP is here is no tax, but what about beating inflation. This is a long term plan, what will be the value of absolute money received in hand. Pls explain or correct me.

[@surinderkumar8036]

Can an nri aged 80 years can invest in this plan

[@aksket2000]

Sir, what is the range of insurance cost charged by the company? Previously it was ranging from 10 to 12 percent on first premium

[@NRIMoneyClinic]

If you watch the video you will understand. For more on that check with your advisor

[@ekdileep3600]

Sir ...I took Canara HSBC oriental Bank guaranteed smart future income plan...can you tell me this Will be useful for me....iam using new account for this

[@sunilsaraf3505]

Return of principal is tax free interest is taxable. Please clarify

[@NRIMoneyClinic]

Both are tax free

[@AnimeshDas11]

Sir, can you name some of them, please? How’s the ABSLI’s Vision Endowment Plus Plan? Is it believable that the return of 7%+ ?

[@shivanigoyal2904]

Thanks Sir for the beautiful explanation. But please explain how IRR and CAGR are similar, Also kindly provide the explanation how 10% FD is same as 7% of IRR. Again thanks.

[@NRIMoneyClinic]

10% FD is not same as 7% IRR .. what I said is 7% tax free return is equal to taxable FD at 10% interest rate , provided you are in the highest tax bracket

[@ashwintimeline]

Good information

[@anilprasanna]

Sir. Is this insurance plan interest taxable as world wide income in USA for NRIs ? If yes then even this does not qualify as a tax free instrument. And the need to invest periodically is a challenge sometimes. There are times when we do not have funds to pay the periodic instalments. Whereas in fixed deposit this is the perfect time to move lump sum money into a 7 % return in NRE FD for 10 years which is also tax free. And fixed deposit is more liquid with banks taking 1 % penalty on interest. 10 year is a good enough horizon to plan in my opinion. Nobody knows the future and governments can change and start taxing insurance as investment products also.

[@potandpan]

"Nobody knows the future" You are right in the sense but answer required for following concerns 1. Do we get any Insurance cover in FD as a free add on without any extra pay? 2. Is the NRI FD rate and residence rates are same? 3.Compare Bank / insurance companies become in bankruptcy? 4.FDs will not offer guarenteed fixed return for every subscription irrespective of the prevailing rates.

[@anilprasanna]

I personally trust state bank of india fixed deposits than any insurance companies. Insurance is the biggest scam in USA. I am just going through one such experience where MRI scan although covered is not being paid for citing some lousy reason - MRI scan was not needed in the first place ! Insurance companies have the audacity to question the judgement of a doctor. Common man will not have the wherewithal to go to a ombudsman and fight for their rights

[@potandpan]

@@anilprasannaPrasanna Insurance is also a business. However, to cover High risks like critical illness, death, accident etc. Insurance has helped a lot. We can't underestimate it with some small rejections. After all, now we can have the facility to earn at par with other instruments with additional benefits.

[@anilprasanna]

Exactly any insurance company is a greedy business at the end of the day. Their main agenda is to make money. And even your critical illness can be rejected on lousy grounds. They can always read between the lines of 100 page document and reject it. Its too risky to park your life savings. I would any day go with a nationalised bank fixed deposit when interest rates are so high

[@akshayskumar6132]

No banks will offer 7% return for 10 years. Those rates are offered only for shorter periods.

[@AK-gr9qk]

If u add up Insurance product will give u 2x money after 15yrs and 3x after 35 yrs....india may not tax u but countries abroad will tax u abroad..consider inflation 2x after 15yrs or 3x after 35 yrs is not worth and who knws lic hdfc or other insurance linked plans will be ther sfter 35yrs

[@radhakrishnanbalaji9143]

Why there is no mention on ROP? There is big cut here to insurance companies

[@NRIMoneyClinic]

There is ROP ..

[@radhakrishnanbalaji9143]

@@NRIMoneyClinic catch is they will pay premium paid, but not the cumulated premium...Delta would be the total tax benefit which customer gets ....unfortunately no choice here for customers...IRR method misleads customers

[@GoodHealth-qj5tw]

@nrimoneyclinic - in the 2023 budget has this tax benefit been removed for guaranteed monthly returns?

[@NRIMoneyClinic]

Yes, but only for plans bought after 01.04.2023

[@vskreddi]

Sir, the The FD rates are going up in india. What is the upper limit projected?

[@NRIMoneyClinic]

I wish I knew the answer . We are more or less , have reached the top

[@vskreddi]

Sir, a senior bank official said, they were expecting a rise as long as US keeps hiking the interest rates. Are the two interlinked? There was a 0.5% hike yesterday in US (I think). Is there a possibility for our banks to increase the interest rate further?

[@brijeshkukreja7411]

@@NRIMoneyClinic Not really. FED here in the US is going to increase rates again in Jan/Feb. India will have to do the same to not let the currency plummet further. Will hike 50 basis points once more.

[@patrickjerald7428]

As per the managers of the Banks, interest rates may go more than 8%/annum, by mid of next year, in National as well as in large private Banks. In many small private Banks, it's already more than 8%. For NRIs, it's better to keep now for One year and later for maximum number of years.

[@shajiazad7281]

Is there an upper age limit for subscribing to these plans

[@potandpan]

1 to 65 years

[@donaldlewis1913]

Is HDFC sanchay Plus plan is tax free?

[@NRIMoneyClinic]

Yes it is , if you use right options

[@drhameedparappil1]

Sir, what's the point of investment this type if it doesn't beat inflation. Down the lane after 10 or 20 yrs .the inflation will eat away the mature amount we r getting monthly or yearly. Even FD is not advisable as its taxable and doesn't beat inflation in long term. Please give ur advice

[@NRIMoneyClinic]

No fixed income product can beat inflation, no capital appreciation product gives assured returns . You have to have both and strike a balance

[@chetannegandhi7017]

Sir can you make a video on Mutual Funds investing for US based NRIs

[@shellyabraham9926]

Can OCI holders apply for this plan sir?

[@NRIMoneyClinic]

Yes,

[@nanayawblack1]

How much do you charge for your services Sir?

[@amitgurtu7534]

How is Max Life Smart Wealth Advantage Guarantee Plan ?

[@AnimeshDas11]

I too am interested to know.

[@kadaverukadaverufamily2659]

Pls let us know if the premium we pay comes under 80C

[@NRIMoneyClinic]

Yes , it is eligible

[@sudhakarnakk1]

Can anyone reply with the available Guaranteed return's insurance plans

[@NRIMoneyClinic]

You need to consult an advisor to check suitability

[@venkateshvs2829]

MONEY BACK POLICY RETURNS ARE A LOSS..DON'T GO IT...ESPECIALLY LIC....GREAT LOSS

[@harishmicro200]

What is the return percentage???? We have to pay GST every month for 20-25 years????

[@NRIMoneyClinic]

For return percentage watch the video . GST is there only on premium payment @ 4.5% for the first year 2.25% for remaining premium payment years only NRI can claim exemptions if paid from NRE account

[@harishmicro200]

Return percentage of any guaranteed insurance plan is not mentioned in the video. Is it better than NRE FDs????

[@Okokok77777]

First of all your videos are too long. In this fast paced world, very less people spend watching a 30mins video. I saw the video in 1.5x. So please cut short ur video. Second - this doesn't work for people who don't pay tax. Fd is still attractive. Thirdly - you are repeating the same thing again and again.

[@San-li3ex]

Fast paced world people should not watch these videos. Don't advise needlessly to cut the video short. If you have more knowledge make your own 2-5 min videos and see the response.

[@ranjancom2000]

But we cannot enjoy interest every month

[@sivanbo]

Not ok Sir. May be one can dont bother to get any money back.

[@nirmalchaturvedi5614]

may.... 🤔.

[@NRIMoneyClinic]

That is correct, keeping individual circumstances in mind

[@ramakrishnanvg9148]

SIR IF I PAY PREMIUM FOR SEVEN OR 10 YEARS.....AFTER THAT FIXED RETURN IS PAID TO ME ROUGHLY 6 TO 7 PERCENT OF MY INVESTED AMOUNT ......BUT I WILL NEVER GET MY PREMIUM (PRINCIPLE) RETURNED IN MY HANDS ...ONLY MY NOMINEE WILL GET. THE PREMIUM I PAID....BUT IF I TAKE ANNUITY THE PRINCIPLE I CAN GET FOR MYSELF IF I NEEDED... IS THISB MY UNDERSTANDING CORRECT SIR??

[@NRIMoneyClinic]

Not correct

[@ramakrishnanvg9148]

@@NRIMoneyClinic SIR PL CLARIFY IN THESE GUARANTED PLAN SHALL I GET BACK MY PRIMIUM (PRINCIPLE)......ONLY ON DEATH OF THE PERSON THE ORIGINAL PREMIUM AMOUNT WILL BE BE PAID TO THE NOMINEE? ......

[@suryapattabhi7186]

By name of the plan is gauranteed but not In bond as gauranteed

[@bharat7917]

The way you have pushed for this product I can sense there is something of interest for you as well if a large number of people buy into such plans..

[@potandpan]

So what

[@giridharkumar]

If invested using NRE funds, are any of the insurance linked investments taxed on maturity in India (the matured funds get deposited directly into NRE)? Considering NRE FD, the interest is not taxable in India. Given this, is the only advantage - guaranteed rate for life with insurance linked investments?

[@potandpan]

Is there anything extra we will get than a FD

[@giridharkumar]

@@potandpan only advantage I see is the higher rate locked for longer duration with guaranteed return insurance plan, assuming the ROI is higher than current RD rates. I am able to find RD with rate locked for up to 10 years. @NRIMoneyClinic any thoughts?

[@potandpan]

@@giridharkumar We will get - an insurance coverage + Critical illness benefits + can be plan for a long term guaranteed income with legacy

[@patrickjerald7428]

If invested through NRE funds and later show the proof of the investment with the Bank letter to the insurance company, entire matured amount can be transferred to the NRE account. Better before investing, confirm with the company and take in writing.

[@vijayshukla6706]

The Guaranteed insurance plan is tax free for NRIs but will investors in this plan have to pay tax in their country of residence ? Feedback will be appreciated.

[@NRIMoneyClinic]

It depends on the tax codes of the country where you are a tax resident

[@samirballal4839]

Sir This product I believe may not be compared fully with FD. In FD we can hold money without regular cash inflow for long years say for example 20 years allowing capital to grow.. In between in 10 yrs one can renew bank FD along with accrued interest but with reduced interest rate and taxation for resident Indian. But in guaranteed return product one may not be able to hold the money for long years say 20 years allowing appreciation of capital due to compounding benefit. . In FD returns through regular annuity can be compared with this product. In this product deferment years are limited and regular tax free annuity is mandatory ss per my understanding. Due to this there is insignificant appreciation of capital . This product may be good only for those who may not have significant or no investment in mutual funds and may not do SWP. In SWP one can have cash inflow and capital appreciation both subject to limited withdrawal of say 5 to 10٪. اIn view of above can u please suggest guaranteed product wherein money can be parked for long years say 20 years to get fbenefit of compounding and tax free return as lumpsum.

[@NH-il9qt]

Sir i can suggest for long term like 10-30 yrs

[@curiousindori]

It is not taxed, because returns on these plans are so bad.

[@neelambehl2179]

Is this plan still available??

[@NRIMoneyClinic]

Yes

[@tashibhutia5902]

This is not true. I bought guranteed insurance for 5 Yrs n 10 Yrs . In both cases the rate of intrest did not cross 5%. Therefore it's a bogus/fake for earning easy fund by the Insurance company from the customers.Never will I ever go for a guaranteed return Insurance plan again.

[@shalley21]

Sir I contacted u but I didn't got reply with final solutions

[@NRIMoneyClinic]

Try this number [phone]. There will be a time delay

[@sbraju8326]

Whether single payment after retirement is available?

[@NRIMoneyClinic]

Single payment plans may or may not be there

[@rameshsukhrani7540]

Hi

[@rameshsukhrani7540]

Please if you can let us know what insurance co.

[@harishmicro200]

NRE Bank FD is totally tax free and many banks give 7-7.5 % interest.

[@NRIMoneyClinic]

But that is temporary, not assured for life

[@sudhakarnakk1]

Agreed

[@hanumanthappab6783]

Hi

[@madhukarshukla6770]

Tomorrow Govt rule change & it may come under taxation

[@Prithvichouhan406]

YOUR PRONUNCIATION OF FIXED DEPOSIT IS VERY STRANGE....

[@NRIMoneyClinic]

Feed back noted

[@rbkarankaran7217]

👍👍👍👍👍👍

[@rajjtech5692]

At present 👆 Ayush Nischit Plan from Aditya Birla Capital LI is an excellent one. It provides, 10times coverage and +40years Pension.

[@jayasubramanium3856]

C.

[@sayedhanif9052]

Tell us the exact plan from any prudent insurance company in india( Recomandation)

[@potandpan]

Yes can?

[@sivanbo]

dont go with this. Misleading unless you donate this money to insurance company

[@rmdbhuinya1863]

Nicely explained.