As interest rates on bank Fixed Deposits (FD) and Public Provident Fund (PPF) – the two most sought-after long-term saving instruments – continue to slide down to a decade low, it is time to switch to products that promise guaranteed returns. The Public Provident Fund - which offered 11 – 12 per cent interest per annum in the 1990s, today merely gives 7.1 per cent interest. Similarly, the rate of interest on bank fixed deposits has fallen from 8.5 per cent in the year 2014 to 5.4 per cent in the year 2020. These interest rates are further expected to fall by 3 – 5 per cent in the next few years as the country evolves into a completely developed economy. With such low-interest rates on offer, customers are on the lookout for products that offer better returns for a period of at least 20 – 25 years. Considering the current market scenario, insurers that are offering a return between 5 – 6 per cent on the invested corpus are precisely serving the market need.