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2. Guaranteed Returns
Understand the difference between guaranteed returns and assured returns .
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Difference between Guaranteed and Assured Returns
This is a common issue faced by customers across the world, as they are expecting benefits from a policy that was never part of the contract. You may often hear terms like 'guaranteed returns' and 'assured returns' used interchangeably, but they are not the same. While both relate to the financial benefits of savings plans, they work very differently and can impact your payout. Thus, to make better financial decisions and avoid unpleasant surprises, it’s essential to know the difference between guaranteed and assured returns, starting with what each term truly means.