Bharti Axa Life Samriddhi Plan vs Lic Single Premium Endowment

Bharti Axa Samriddhi is a combination of a life insurance plan and a savings plan. This plan protects your family financially in case of your absence along with helping you to save for your future goals.

HDFC Life Sanchay Plus is a non-participating, non-linked savings life insurance plan. We will read the plan in detail in the section below for more clarity and better understanding. You can also opt for an additional rider option to enhance your plan's overall coverage. You can also get the revisionary and terminal bonus that helps increase your savings benefits. This article will provide complete details about this plan including its features, benefits, buying process, etc.

Bharti Axa Life Samriddhi Plan offers you a range of benefits including:

• Life cover
• Maturity benefits
• Flexible premium payment term

• Potential upside with bonus
• Lumpsum benefits
• Loan on policy

It is a traditional endowment with death and maturity benefits to the policyholder. Even a bonus facility is given along. In this plan, the premium is paid in the starting which is paid in a lump sum amount. It serves the investment purpose and even secures you if you face an untimely demise. There is a sure short return on them which means these plans are secure and provide people with financial benefits. These plans including the LIC'S single premium plan provide insurance cover for the policyholder which means that if any unfortunate incident takes place to the insured then a lump sum amount will be given to the family. So if the person is the breadwinner of the family, there might not be a problem if this plan is availed. Even rebates are offered by LIC's single premium policy. One can even avail loan on these plans. Under the Income-tax Act, tax benefits are there for the people who take these policies.

LIC Single Premium Endowment Plan offers you a range of benefits including:

• Maturity Benefits
• Death Benefits
• Multiple rider options

• Loan Facility
• Survival Benefits