Icici Prudential Savings Suraksha vs Lic

'A combination of savings and protection plan.'

ICICI Pru Savings Suraksha is a financial plan that helps you save for future financial goals and provides a financial net to safeguard your loved ones in your absence. It is an ideal choice if you want to collect a lump sum to fulfill your financial goals and protect your family members even in your absence.

This plan offers numerous benefits including guaranteed additions, terminal and revisionary bonuses (if declared), death benefits, surrender benefits, and maturity benefits on survival. This investment plan offers two options to pay premiums: limited pay (5, 7, 10, or 12 years) and regular pay (for 10 to 30 years). You can also get a loan on your policy if you have paid regular premiums for a minimum of two years. The sum assured paid on the uncertain demise of the policyholder usually ranges from 7 to 10 times the annual premiums paid.

ICICI Pru Savings Suraksha is a versatile life insurance plan. Let's explore the plan in detail for more clarity and a better understanding.

ICICI Savings Suraksha Plan offers a range of benefits including:

• Guaranteed Benefits
• Tax Benefits
• Flexibility
• Multiple payment options
• Policy revival
• Surrender value

Jeevan Akshay VII (Table No. 857) is a single premium, non-linked, and non-participating immediate annuity plan. It pays an annuity or pension to the policyholder at the annuity age. The plan also allows joint life cover and provides annuity payments of a stated amount throughout the lifetime of the annuitant.

LIC Jeevan Akshay VII Plan offers various annuity options for policyholders to choose from, along with a range of benefits:

• Annuity Options
• Whole life cover
• Loan Facility
• Guaranteed Annuity Rates
• Incentives
• No Medical Examination