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Buoyed up by the success of Jeevan Aastha, its last guaranteed return plan, Life Insurance Corporation (LIC) has come out with another such plan. India’s biggest life insurer has launched LIC Jeevan Nischay – a single premium guaranteed return plan. This is a very conducive atmosphere for a product like Jeevan Nischay looking at the tight economy and an uncertain stock market. This is supported by the fact that mutual fund players booked profits by selling capital protection products in past few months. However, this is also true that though ‘Guaranteed Products’ like Jeevan Nischay offer investors an opportunity to earn assured returns while protecting their downside risk they also miss the upside potential, unlike in MF’s open-ended schemes or ULIPs, in case the market goes in favour of the fund.