iSelect Guaranteed Future Plan is a life insurance cum savings plan that has 5 different plan variants - iAchieve, Flexi iAchieve, iAssure, Flexi iAssure, and Easy iAchieve. All the plan variants offer life cover along with guaranteed maturity benefit2 and/or survival benefit. You can pay the premiums for 5, 7, or 10 years or you can go for single premium pay6 option as well. An optional in-built cover – Payor Premium Protection Cover3 is also available with iAchieve, and iAssure plan options.

A Payor Premium Protection Cover3 is an optional in-built cover, which states that in case the policyholder passes away, the future premiums will be waived off and the policy will continue to be in-force.

For example, Ramesh bought iSelect Guaranteed Future Plan iAchieve plan variant that comes with Payor Premium Protection Cover3. Due to an accident, he passes away leaving behind his spouse and a child aged 7 years. The policy will continue to be in-force and the future premiums will be waived off.

Guaranteed maturity payout5 or maturity benefit2 is defined as the guaranteed lump sum amount that is payable at maturity. The amount the policyholder or beneficiaries will receive is set at policy inception.