Lic Jeevan Akshay vs Hdfc Pro Growth Plus

LIC Jeevan Akshay VI Plan is an immediate annuity pure pension plan for senior citizens provided by one of the top ranked insurance companies in India, Life Insurance Corporation of India (LIC).

It is a smart retirement investment plan, a lump sum amount is to be paid to purchase the policy. Under this annuity plan, pension for a regular interval of time immediately after the payment of premium is received by the insured. The type and mode of payment is to be selected by the policyholder from multiple options available.

The plan is ideal for retired people so as to remain independent and financially stable after their retirement.

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

• Death Benefits
• Maturity Benefits
• Loyalty Additions

• Policy Revival
• Multiple Rider Options

HDFC Life ProGrowth Plus is a unit-linked insurance and regular premium plan where the premium is invested in the market, thus providing good returns along with various benefits. This plan offers the flexibility to choose investment funds and regular premiums. The company invests your regular premium and tidal amount of premium allocation charges in the selected fund in the proper proportion as per the policyholder’s specifications. At the end of the policy term, an accumulated amount of funds will be received. In case of an unfortunate death event of the life assured during the policy period, the nominee will be eligible to receive the fund amount or greater sum assured.

In simple words, HDFC Life ProGrowth Plus is a savings-cum-insurance plan that allows the policyholders to create their own investment strategies as well as provide a life cover.

HDFC Life ProGrowth plan comes with a variety of features and benefits, which are designed to provide financial protection to the assured family members when he/she is no longer around. Continue reading to explore more about the plan

HDFC Life ProGrowth Plus Plan offers you a range of benefits including:

• Choice of plan option
• Switching
• Redirection of Premium

• Tax Benefits
• Smooth and convenient premium paying process
• Flexibility to plan your investment strategy