MoneyLens / Life insurance & savings
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
Six questions, answered
Tap an answer for the detail01Product identity
- PlanGodavari Guaranteed Income
- InsurerGodavari Life Insurance Ltd
- KindGuaranteed income plan · no bonus
- Started5 Oct 2026
- StatusIn force
- Policy••••4417
- DocumentsPolicy schedule · Benefit illustration
02What this is
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.
03Key numbers
Policy heldPremium a year
₹1,00,000
for 10 years
Policy term
26 years
to 5 Oct 2052
Life cover
₹11,00,000
11.0× the premium
Guaranteed at maturity
₹10,00,000
Real return a year
6.02%
on guaranteed benefits only
04Important findings
Most important first · tap to expandWithin 30 days of receiving the policy you can return it for any reason. The premium comes back less the cover for the days you had it, stamp duty and any medical tests.
Policy p.1, Dispatch · Policy p.1, Policy
Coming up
11 Nov 2026
The free look ends: the last day to cancel for a refund
08What Myra could not verify
1!
Premiums on your other policies issued from Apr 2023
Needed to confirm a finding
09Suggested questions
05What you're committing to
- ₹1,00,000 a year for 10 years
- The money stays in for 26 years
- Stopping early pays back less than paid in, especially in the first years
06What can change
- BonusesNone: a non-participating plan
- Tax rulesThe tax-free test can change with the law
- CoverFixed for the term
07Leaving early
- SurrenderSSV after a year's premium; GSV after two
- Stop premiumsBecomes paid-up, with reduced benefits
- Free look30 days from receiving the policy