Flexi Save Plan vs Lic Single Premium Endowment

Save More with Bharti AXA Life Flexi Save Plan – Earn Annual Bonuses Along with Assured Life Cover.
Bharti AXA Life Flexi Save plan is a non-participating savings plan designed to help you save towards meeting your future goals. In this plan, you can grow your savings with yearly bonuses starting from the first policy year to maturity or death, whichever is earlier. The plan offers you the flexibility to choose a premium payment term for 5, 7, or 12 years (PPT) and enjoy life cover for 20, 25, or 30 years. 
Under the Flexi Save plan, you can stay protected while saving with assured life cover for the entire policy term. In case you survive till the end of the policy term, you shall receive 100% of your sum assured plus an accrued bonus. One of the best features of the Flexi Save plan is that you can modify your policy term, prepone your maturity benefit, and avail yourself of the full benefits.

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

• Flexibility to modify policy term

• Cash bonuses

• Death benefits,

• Maturity benefits,

• Partial withdrawals,

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