An investment plan is a financial plan for the future. It can be used to help you decide how much you should save, how much you can invest, and when to start investing. Investment plans are typically used by people who want to start saving for retirement or want to know how much they can afford to spend in the future.
With so many investments plans out there, it can be difficult to decide which is best for you. In this article, we will help you make an informed decision when it comes to investing your money and provide the definitive guide to the Top 10 Best Investment Plans breaking down each plan and an in-depth analysis of what makes them stand out from others. Before diving into the topic let’s know what is the best investment plan.
What is the Best Investment Plan?
Investing is one of the most important financial decisions that you'll ever make. It's also a decision that can have a huge impact on your life, so it's important to make sure that you're making the right choice.
The best investment plans are those which are suitable for your risk appetite and goals. For example, if you want to invest in life insurance, different investment plans are available in the Indian market. The following are some of the best investment plans available:
- Unit Linked Insurance Plans
- Endowment Plans
- Money Back Plans
- Public Provident Funds
- Fixed Deposits
- Mutual Funds
- Stocks
- National Pension Scheme
- National Savings Certificate
- Bonds
- Tax Saving Mutual Funds
Top 10 Best Investment Plans in India
There are various investment plans available in India. But, most of them are not suitable for all types of investors. So, before investing, it is important to know your risk appetite and investment goals. The top 10 best investment plans in India are:
Aditya Birla Sun Life Insurance Assured Income Plus
This plan is a Non-Linked Non-Participating Individual Life Insurance Savings Plan that provides life insurance coverage along with guaranteed income for 20, 25, or 30 years.
Eligibility:
- Age of Entry: 1 to 60 years
- Maturity Age: 18 to 77 years
- Premium Payment Term: 5 to 12 years
- Policy Tenure: 5 to17 years
- Premium Payment Mode: Yearly, Half-Yearly, Quarterly, Monthly
- Sum Assured: 5.5 Lacs
Features:
- Guaranteed Returns
- Long-Term Regular Income
- An Additional Boost to the Income Benefit
- Flexibility to Receive a Lump Sum
Benefits:
- Survival Benefit
- Maturity Benefit
- Tax Benefit
- Death Benefit
AEGON iInvest Plan
Aegon iInvest is an online Unit Linked Insurance Plan (ULIP) that offers both protection and investment. It works well for first-time investors and market experts alike. We invest 100% of your premium, helping maximize your investment.
Eligibility:
- Age of Entry: 7 to 55 years
- Maturity Age: 70 years
- Premium Payment Term: 5, 7, 10 years
- Policy Tenure: 10, 15, 20, 25 years
- Premium Payment Mode: Yearly, Monthly
Features:
- 6 unit-linked funds to choose from your investment goals
- Higher sum assured
- Low investment money per month
- No deductions
Benefits:
- Maturity Benefit
- Tax Benefit
- Death Benefit
Bharti Axa Life Guaranteed Income Plan
Bharti Axa Life Guaranteed Income Plan is a savings plan that provides increased income every year ensuring rising expenses.
Eligibility:
- Entry Age: Minimum 91 days to Maximum 55 years
- Maximum age at Maturity: Maximum 84 years
- Sum Assured: Minimum Rs.25,000/- to no limit
- Premium Mode: Annual, Semi-annual, quarterly, monthly
- Policy Term: 15 years, 19 years, 23 years, 29 years
- Premium Payment Term: 8 years, 10 years, 12 years, 15 years
Features:
- Flexible to choose premium payment terms as per your requirement.
- Higher sum assured
Benefits:
- Maturity Benefit
- Tax Benefit
- Death Benefit
- Survival Benefits
Bajaj Allianz Future Gain Plan
Bajaj Allianz’s fortune gain life insurance plan benefits you with a single premium product that helps you enter and stay invested in market-linked funds for the long-term, comes with low allocation charges ensuring that up to 100% premium is allocated towards investment, and offers a life cover.
Eligibility:
- Entry Age: 18 years
- Maturity Age: 70 years
- Sum Assured: 1.25, 1.1 times single premium
- Policy term: 7, 30 years
- Premium Payment Term: Single
Features:
- Partial withdrawal
- Investment options and funds
- Loyalty Additions
- Option to pay Top-up to the extent
- Option to decrease Sum Assured
Benefits:
- Maturity Benefit
- Tax Benefit
- Death Benefit
- Survival Benefits
- Additional Rider Benefits
HDFC Life click2 invest Plan
HDFC Life click2 invest ULIP is to cover your family Makes single payments or limited period payments for 5, 7, or 10 years or equal to the policy term and Makes a partial withdrawal from funds.
Eligibility:
- Entry Age: 30 days to 65 years
- Maximum age at Maturity: 18 to 75years
- Premium Mode: Annual, Semi-annual, Quarterly
- Policy Term: 5 to 20 years
- Premium Payment Term: 5, 7, 10, and 20 years.
Features:
- Partial withdrawal
- Make single paymentsorlimited payments
- Choose from
- 11 fund options
Benefits:
- Maturity Benefit
- Tax Benefit
- Death Benefit
- Survival Benefits
ICICI Prudential Guaranteed Income for Tomorrow Plan
ICICI GIFT plan protects and savings-oriented term life insurance plan with benefits to help you achieve your life goals.
Eligibility:
- Entry Age: 18 years
- Sum Assured: 2 Lacs
- Maximum age at Maturity: 18 to 75years
- Premium Mode: Annual, Semi-Annual, Quarterly, Monthly
- Policy Term: 5 to 20 years
- Premium Payment Term: 5 to 12 years
Features:
- Option to receive guaranteed incomefrom 2nd year onwards
- Life Insurance Coverfor the financial security of your family
- Option of taking a loanagainst the policy
Benefits:
- Maturity Benefit
- Tax Benefits
- Loyalty Benefits
- Guaranteed Benefits
Kotak Guaranteed Savings Plan
Kotak Guaranteed Savings Plan is a savings cum protection plan that offers an opportunity to the policyholder to create wealth in the long term through savings.
Eligibility:
- Entry Age: Min 3 years to 60 years
- Maximum age at Maturity: 18 to 75 years
- Premium Mode: Annual, Semi-Annual, Quarterly, Monthly
- Policy Term: 10,14,15,16,20 years
- Premium Payment Term: 7,8,10 years
Features:
- Limited Premium
- Guaranteed Additions
- Guaranteed Loyalty Additions
- Enhanced Protection
Benefits:
- Guaranteed Benefits
- Maturity Benefit
- Tax Benefits
- Loyalty Benefits
PNB MetLife Guaranteed Future Plan
This plan is created to enable you systematically save and protect yourself against unforeseen and unfortunate life events and also offers you guaranteed returns.
Eligibility:
- Entry Age: 30 days
- Maturity Age: 80 years
- Policy Term: 15 to 30 years
- Sum Assured: Rs. 2 lakhs p.a
- Premium Payment Period: single/Yearly, half-yearly, and Monthly.
Features:
- Safeguard against uncertainties
- Guaranteed income
- Premium payment and payout flexibility
Benefits:
- Guaranteed Benefits
- Maturity Benefit
- Tax Benefits
- Loyalty Benefits
Canara HSBC OBC Guaranteed Savings Plan
Canara HSBC OBC Guaranteed Savings Plan provides Guaranteed benefits payable on maturity, provided all due premiums have been paid.
Eligibility:
- Entry Age: Min 0 years to Max 60 years
- Maturity Age: 18 years to 75 years
- Policy Term: 10,12,15,20
- Sum Assured: Based on Plan
- Premium Payment Period: Monthly, Quarterly, Half-Yearly, Yearly
Features:
- Flexibility to choose a payment term suitable for you
- Customize your savings
- Pay premium only for a limited period
Benefits:
- Guaranteed Benefits
- Maturity Benefit
- Tax Benefits
- Loyalty Benefits
Edelweiss Tokio Premier Guaranteed Income
Premier Guaranteed Income plan provides income and protection and tax benefits in one plan, guaranteed returns, and offers 4 plan options such as lump sum, short-term income, long-term income, and retirement income. This plan also offers you get a loan when you need tax benefits under sections 80c and 10(10D) as per the income tax Act 1961.
Eligibility:
- Entry Age: 18 to 60 years
- Maturity Age: 75 years
- Policy Term: 10,12,15,20
- Sum Assured: Based on Plan
- Premium Payment Term: 5,8,10,12 years
- Premium Payment Period: Monthly, Quarterly, Half-Yearly, Yearly
Features:
- Customize with 4 Plan Options
- Guaranteed Returns
- Family Income Benefit Options
Benefits:
- Guaranteed Benefits
- Maturity Benefit
- Tax Benefits
- Loyalty Benefits
Compare Best Investment Plans
When it comes to investing, the best way to do it is to compare investment plans. There are a lot of factors that need to be considered before deciding which one is the best for you. A comparison of investment plans can help you make an informed decision. This can be done by looking at the premiums, what each plan offers and how often you will get paid out.
Premium Table for the Best Investment Plans
| Company |
Plan |
Premium (Annual) |
|
| Aditya Birla Sun Life Insurance |
Assured Income Plus |
50000/- |
Buy |
| AEGON Life Insurance |
iInvest Plan |
48000/- |
Buy |
| Bajaj Allianz Life Insurance |
Future Gain Plan |
50000/- |
Buy |
| Bharti AXA Life Insurance |
Guaranteed Income Plan |
45000/- |
Buy |
| ICICI Prudential Life Insurance |
Guaranteed Income For Tomorrow Plan |
51000/- |
Buy |
| HDFC Life Insurance |
Click2 invest Plan |
48000/- |
Buy |
| Kotak Mahindra Life Insurance |
Kotak Guaranteed Savings Plan |
52000/- |
Buy |
| PNB MetLife Insurance |
Guaranteed Future Plan |
46000/- |
Buy |
| Canara HSBC OBC Life Insurance |
Guaranteed Savings Plan |
45000/- |
Buy |
| Edelweiss Tokio Life Insurance |
Premier Guaranteed Income |
46000/- |
Buy |
The above-mentioned values are for reference purposes only Refer to our website for exact values.
How to Buy Investment Insurance Plan Online?
It is not easy to find the right investment plan online. There are so many plans available and it can be confusing to know which one to choose. With an investment comparison tool available online, you can easily compare investment plans and their features. The comparison of different investment plans will get you quotes spontaneously. You can easily compare, differentiate, and choose the best investment plan that suits your requirement. It will save you money and time. Here are the steps to purchase an investment plan online at PolicyBachat:
- Visit the official website of the PolicyBachat
- Fill in the requested details such as name, mobile number, email address
- Next select your location
- Select the desired options by comparing different premium quotes.
- Select the suitable plan with the premium quote
- Pay for your Policy by using online payment methods.
Conclusion
The best investment plans in India are those that help you to build wealth in the long run. When it comes to choosing the best investment plan in India, you need to consider your needs and the type of coverage you would like. There are many plans available in the market that offer different features and benefits. You can compare these plans by taking a look at their features and benefits before making a decision. You should always research various types of investment plans before making a final decision. This will help you make an informed decision that is best for you.