A guaranteed1 return insurance plan will provide a life cover like term insurance and, additionally, guaranteed1 returns. The guaranteed1 returns are payable post maturity of the policy tenure. The policyholder can avail the returns as a lump sum amount or a combination of lump sum and guaranteed1 annual income for a set period. It is also possible to receive it as a regular monthly income throughout life. This is an ideal option for people having a big family with extended financial obligations even after retirement.