Hdfc Guaranteed Wealth Plus
vs
Lic Jeevan Shagun

‘A plan that helps you save for your future goals’.

The insurance market is filled with several insurance products, each having its benefits. If you are looking for a plan that offers financial protection to your family in your absence and guaranteed income benefits on survival, then you should consider ‘HDFC Life Guaranteed Wealth Plus’.

HDFC Life Guaranteed Wealth 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.

This plan offers a range of benefits such as the return of premiums, survival benefits, guaranteed income benefits, guaranteed surrender value, policy loans, policy revival, etc. You can save a lump sum amount to fulfill your future goals using this plan. This plan also provides you with a grace period to avoid penalties in case you miss any premium payment. This plan comes in two variants: The lump sum variant and the Income variant.

HDFC Guaranteed Wealth Plus Plan offers you a range of benefits including:

• Guaranteed Income Benefits
• Tax Benefits
• Surrender Value

• Policy loans
• Policy revivals
• Return of premiums

LIC Jeevan Shagun is a non-linked, participating, savings with protection single premium Money-Back plan. The policy provides high life cover in the event of the miserable death of the policyholder where the single premium paid depends on the maturity sum assured opted by the insured. On surviving till the end of a certain period and on the maturity date, a percentage of the Maturity Sum Assured is paid by LIC.

The plan was launched on 1st September, 2014 for a period of 90 days as it is a close-ended plan so one can fulfill any immediate service requirement. For new buyers looking to buy a similar LIC one time investment plan, you will find comparisons with other plans currently offered by LIC.

The single premium paid for the plan ranges accordingly on the basis of various factors like the policy term, the insured person’s age, the sum assured chosen, etc. After purchasing the policy, tax benefits are also applicable to the plan.

LIC Jeevan Shagun Plan offers you a range of benefits including:

• Death Benefits
• Survival Benefits
• Loyalty Additions

• Policy Revival
• Loan Facility