u/Firm_Tree9003

I'm 25 and was offered the Aditya Birla Sun Life Nishchit Aayush Plan.

• Premium: ₹1 lakh/year for 12 years
• Total premium paid: ₹12 lakh
• Policy term: 30 years
• Guaranteed annual payout: ₹35,896 for 30 years
• Maturity amount at Year 30: ₹18 lakh
• Total payouts over 30 years: ~₹28.8 lakh
• Death cover starts at ₹10 lakh

What concerns me:

• Surrender values seem very low in the initial years (around ₹6.1 lakh even after paying ₹12 lakh).
• The life cover also seems quite low for the premium.

Is this better than SIP? I am not active in stocks and mutual funds.

Does this make financial sense for a 25-year-old with no dependents, whose goal is long-term wealth creation? Or would I be better off with term insurance + investing the difference in mutual funds?

Would appreciate honest opinions, especially if you've evaluated similar guaranteed income plans.