Your policy, explained.

Guaranteed income plan · Godavari Guaranteed Income · Godavari Life Insurance Ltd · ••••4417

Illustrative

Guaranteed income plan · Policy held

Term26 years

Real return

6.02%

a year, on guaranteed benefits only

Premium a year

₹1,00,000

for 10 years

Life cover

₹11,00,000

11.0× the premium

Guaranteed at maturity

₹10,00,000

after 26 years

A guaranteed income plan from Godavari Life Insurance Ltd: ₹1,00,000 a year for 10 years, over 26 years, with ₹11,00,000 of life cover. ₹10,00,000 is guaranteed at maturity. That's about 6.02% a year on guaranteed benefits only.

Myra's most important observations

✦ Ask Myra

Answers cited from these documents

Current context

Guaranteed income plan · Godavari Guaranteed Income · Ask Myra

Sample · illustrative · numbers calculated by code

Suggested

Myra can help you

Every answer includes

Direct answerFirst line
EvidenceClause & page
CalculationRun by code
What to verifyAlways stated
Draft to the lenderWhen useful