Guaranteed return plans are insurance products that provide a guaranteed rate of return on an investment over a specified period. In these plans, you pay a fixed premium to the insurance company for a specified period, after which you receive payouts. The payouts may be in the form of a lump sum or as a recurring income, and the amount of the payouts is determined by factors such as the premium paid, the chosen insurance coverage, and the duration of the premium payments. "The key feature of these plans is the guarantee of returns, which provides a sense of security and stability for the policyholder compared to other investment options," says Venkatesh Naidu, CEO, Bajaj Capital Insurance Broking.