Insurance
Savings Plans
Guaranteed and endowment plans that combine life cover with savings.
You'll be taken to our partner SMC Insurance to compare and buy a policy.
Cover overview
What it is and how we help
Savings plans combine life cover with a savings component. Guaranteed plans pay benefits that are fixed when you buy the policy; endowment and participating plans may also add bonuses declared by the insurer, which are not guaranteed. Compare plans through our partner SMC Insurance, or request a consultation.
Key considerations
- Which benefits are guaranteed and which are not
- Policy term and premium payment term
- Surrender value if you stop paying early
- Life cover amount compared with a term plan
Options
Savings plan options
Guaranteed plans
Maturity and death benefits fixed when you buy the policy.
Endowment plans
A lump sum at maturity, or to your nominees if you pass away during the term.
Participating plans
Plans that may add bonuses from the insurer's profits. Bonuses are not guaranteed.
FAQs
Common questions
Are the returns guaranteed?
Only the benefits stated as guaranteed in the policy are guaranteed. Bonuses on participating plans depend on the insurer's performance and are not guaranteed.
Can I stop paying early?
Most plans have a surrender value after a minimum period, but stopping early usually means getting back less than you paid. Check the policy's surrender terms.
Who issues the policy?
Policies are issued and underwritten by the respective insurance company and arranged by our partner SMC Insurance Brokers Pvt. Ltd. RichHarbor is a referral partner and refers you to SMC Insurance.