Lic Jeevan Shagun vs Fixed Maturity Plan

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 unfortunate demise 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 September 1st, 2014, for a period of 90 days as it was a close-ended plan. For new buyers looking for 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 varies based on factors like the policy term, the insured person’s age, the sum assured chosen, etc. After purchasing the policy, tax benefits are also available.

LIC Jeevan Shagun Plan offers a range of benefits including:

• Death Benefits
• Survival Benefits
• Loyalty Additions
• Policy Revival
• Loan Facility

Aditya Birla Sun Life Fixed Maturity Plan is a non-linked, non-participating endowment product providing fully guaranteed benefits as a lump sum on maturity. The ABSLI Fixed Maturity Plan is a savings vehicle that offers life insurance protection and savings advantages to protect your loved ones from financial hardship in the event of an unfortunate event, while also assisting you in building a lump sum to achieve your financial goals.

The ABSLI Fixed Maturity Plan is a versatile insurance plan with various policy terms and sum assured multiples to meet your needs, and an enhanced maturity benefit for higher premiums. The ABSLI Fixed Maturity Plan has a Single Pay option with the flexibility to choose the policy term between 5-10 years. By offering protection benefits throughout the policy term, this plan helps secure your funds and protect your dreams.

This plan offers you various benefits including: