Build Wealth While Securing Your Future

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Why choose between protection and wealth creation when you can have both? A Savings Plan under Life Insurance helps you grow your money while ensuring financial security for your loved ones. Whether you want to save for your child’s education, build a retirement corpus, or achieve long-term financial goals, FinArray brings you the best savings plans from India’s top insurers—all in just a few clicks!

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Why Choose a Life Insurance Savings Plan?

Dual Benefit – Insurance + Savings

Get life cover while growing your wealth.

Guaranteed Returns & Maturity Benefits

Secure your future with risk-free wealth accumulation.

Flexible Payouts

Receive lump sum, regular income, or a combination based on your goals.

Tax-Free Benefits

Enjoy tax savings under Section 80C & tax-free maturity under Section 10(10D).

Protection for Your Loved Ones

In case of any unforeseen event, your family gets financial security.

Why Choose FinArray for Your Savings Plan?

Compare & Choose from India’s Best Plans

Find a plan that matches your financial goals.

Expert Guidance from Our Mini Offices

Get personalized advice on the right savings plan for you.

Guaranteed & Market-Linked Options

Choose between traditional savings or ULIPs for higher returns.

Hassle-Free Digital Buying

100% paperless, quick, and secure.

Types of Saving plans

ULIP

ULIP or Unit Linked Insurance Plans are insurance policies that offer a combination of life cover and investment. In unit-linked insurance policies, a part of the policy premium paid by the policyholder is dedicated towards the life cover, while the rest is assigned to a fund or a common pool of money that makes investments in equity, debt, or a combination of both. It must be noted that in ULIPs, the returns on your investments depend upon the performance of the fund opted by you.
ULIPs come with a lock-in period of 5 years, however, a policyholder can make partial withdrawals only after the lock-in period keeping in mind that the withdrawal values in a year should not be more than 20% of the fund value.
This plan offers flexibility when it comes to switching funds. So, when a fund is not performing well, you can easily switch from one fund to another.
For paying the premium towards ULIP, you can choose from a desired premium payment frequency, monthly, yearly, or half-yearly.
The minimum invested amount can be as low as Rs. 1,500 depending on the investor’s budget.

Endowment Plans

Endowment plans are a type of wealth-growing option that lets you build a corpus while availing life cover. One of the key features of endowment policies is that they are specifically designed to provide a lump sum amount in the case of the policyholder’s unfortunate death or on policy maturity.
Endowment policies do not involve much risk as the amount here is not directly invested in the stock market or equity funds.
As compared to many other plans, endowment involves lower risk and is thus suggested for those who have a lower-risk appetite.
It offers flexible premium payment frequency

Money Back Plans

Money back plans are life insurance policies that return money at regular periods. The payouts are a specific percentage of the sum assured and made during the policy duration. Note that money back policy pay-outs are referred to as Survival Benefits. Once the policy matures, the remaining Sum Assured is paid in addition to accumulated bonuses.
If the policyholder dies during the policy tenure, the sum assured is paid even if the Survival Benefits are already paid. This is one of the unique features of the money-back plans.
On investing in money-back, you can withdraw the money whenever you need it.

Pension Plans

Pension plans or retirement plans are policies that help you dedicate a part of your savings to accumulate over a period of time and give steady income after retirement. Retirement plans not only give you regular income post-retirement but also ensure the security of your family in your absence.
Retirement or pension plans come with tax benefits that contribute to a comfortable retirement.
There are a number of government-backed pension plans that help individuals easily create a corpus for their future.

Child Plans

Child plans are insurance as well as investment plans. Quite popular, child insurance plans help in creating a corpus for the future of the child. On maturity, the child plan provides a lump sum amount to pay for the child’s significant expenses like education, marriage, and more.
One of the best ways to safeguard the child’s future, is that child plans act as the much-desired financial shield for children and their expenses related to life goals if the family’s main earning member is not there.
You can use the money generated out of child plans to meet the immediate needs of your child.
You can also enjoy tax benefits on child plans.

Benefits of Investment Plans

If you wish to incorporate investment plans in your financial portfolio, rest assured you will get to reap benefits such as:
Security to Loved Ones: When you choose an investment plan like ULIP, you not only gain life coverage but also a means to enjoy returns on investment. With massive coverage like such by side, it would be easy for you to secure the financial future of your loved ones. Even in the event of your unfortunate death, your family members won’t have to worry about managing their financial situation while compromising on their needs. In fact, they will receive a specific amount in addition to the fund value to keep financial struggles at bay. All in all, your dear ones will remain financially strong even if you, the sole earning member of the family, are no longer there to provide.
Goal-oriented Planning: Every individual has a specific list of goals that they want to accomplish in their lifetime. It can be anything right from a child's education to creating a retirement fund. An investment plan can help you in saving money to attain your life goals due to the lock-in period associated as a key feature. No matter how big or small your life goal may be, an investment plan can help you fulfill it without making any sacrifices.
Creation of Wealth: Savings is one of the best ways to create wealth. In addition, investing in the right investment product also adds to the funds. One can easily create wealth by choosing the right investment plan option and making a periodic & disciplined investment. A financial cushion is quite easy to create if one invests in a product that grants them high returns.
Flexibility in Choice:The market is laden with a wide array of investment options. An investor can easily choose what investment plan suits them according to their financial goals, risk appetite, and tenure of their choice.
Tax Benefits: Tax benefits are one of the key benefits of investment plans. Like insurance policies, investment options also come with tax benefits under Section 80C and Section 10(10D) of the Income Tax Act, of 1961.

Key Features of a Good Investment Plan

Are you looking for a good investment plan? Below mentioned are a few important features that every good investment plan must comprise:
Risk Averse: A good investment plan should not expose you to more risk than you can handle or necessary to attain your objectives. Your investment plan should not increase your risk range but go to the minimum level while giving you the returns required to meet your needs.
Simple: A good investment plan must be simple and not enhance the level of complexity for you. You should be able to do a quick review of your investment plan and assess its performance whenever you want.
Transparent: A good investment plan must be transparent. In other words, you must know what the investment plan is really about. All the elements must be clear to you so that you know how it works and what you can do to make the most of it.
Easy to Manage: A good investment plan must be easy to manage. It must allow you to make the necessary changes whenever the need arises without introducing complexity.
Tax Efficient: A good investment plan must be tax efficient. In simple words, a good investment plan must minimize your taxes while maximizing your investment strategy’s quality and the portfolio produced.

Things to Check Before Choosing Investment Plans

When choosing an investment plan, one must take care of a series of aspects so that one can make an informed decision. Below mentioned are the key features to check before you make your final choice of investment plans:
Financial Goals: One must always keep their life’s financial goals, whether short-term or long-term in mind when buying an investment plan. Be it education, marriage, or house purchase, one must take all life goals into serious consideration so that one can finance their dreams and aspirations with the help of an investment plan. Whether you have just started earning or planning to invest for the nth time, make sure you decide your investment plan type based on your financial objectives in life.
Expenses vs Savings: It would be a must for you to consider your expenses, whether current or future in comparison to your savings before buying an investment policy. Why? It is because the amount you will save or invest in an investment plan will play a significant role in helping you meet your financial goals. It is important to note that an investor having less savings and more expenses may not be able to define large short-term goals, which could be attained by coverage plans. On the contrary, an investor investing a massive amount in an investment plan for a significant period of time would have a high chance of benefiting from a larger capital base in attaining their financial goals in the future.
Insurance Cover: One must always keep the insurance cover, whether existing or required in mind while buying an investment plan. An existing cover must provide the investor with the ultimate coverage of their needs. The cover required should also be able to pay for the expenses in the years to come. If an investor does not know how much coverage they may actually need, it is advised to estimate current & future expenses with what a scheme has to offer. In case the investor’s cover comes across as less than that required, choosing a ULIP or an endowment policy would help in increasing the money as well as ensuring financial protection.
Number of Dependents: The sum assured to be opted for investment is something that would depend on the number of dependents in the family. One must always keep in mind that a monetary insurance product must not only provide cover for the necessary expenses but also build a financial corpus for the entire family so that they do not find it hard to cover their major life goals.

NRI Investment Plans in India

NRI Investment Plans in India offer a gateway for Non-Resident Indians to leverage the country’s dynamic economic landscape. These financial products are tailored to help NRIs grow their wealth, generate passive income, and diversify their global investment portfolios. With the Indian government introducing more avenues for overseas Indians to participate in the domestic market, the NRI investment plan 2025 offers an exciting opportunity to explore these options.

The Indian Government is opening more doors for NRIs (Non-Resident Indians) to invest in their home country and is coming up with multiple options so that NRIs can diversify their global portfolio.

In this article, you will understand different NRI investment options that can be considered while planning to Invest in India.

NRI Investment Buying Guide

How, Why & When Should NRIs Start Investing?

How to Choose the Best Investment Plans for NRI in India?

  • Define short and long-term financial objectives.
  • Choose plans matching your risk tolerance.
  • Spread investments across various asset classes.
  • Consult financial experts.
  • Track and adjust your portfolio.

Why Non-Resident Indians (NRIs) Should Invest in India?

Here are some reasons why NRIs should invest in India:

  • Benefit from India’s fast-growing economy.
  • Enjoy higher returns than global markets.
  • To prepare for a stable post-retirement life.
  • Favourable exchange rates boost returns.
  • NRIs can explore NRI investment options in India for potential growth, with careful consideration of risk and profit.
  • NRI investments in India can serve as a financial safety net for families back home.

When Should NRIs Start Investing?

  • Start early to benefit from compounding and long-term growth.
  • Once financially stable, allocate surplus income for investments.
  • Begin investing when clear financial objectives are defined.
  • Leverage opportunities during market dips or favourable exchange rates.
  • Start as early as possible to build a sufficient retirement corpus.
  • Invest when seeking tax-saving opportunities under Indian laws