Lic Jeevan Shikhar
vs
Sbi Smart Wealth Builder
- Choose your coverage tenure
- Multiple sum assured options
- Enhance coverage with add-ons
| PLAN DETAILS |
 Lic Jeevan Shikhar |
 Sbi Smart Wealth Builder |
| Premium Including GST | ||
| Key Features (Key features of the plan) |
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| Plan Uniqueness |
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| Plan Maturity age | Maximum Maturity Age - NA | Maximum Maturity Age - 70 years |
| Premium payment term | Single Premium | 5 to 30 years |
| Plan Entry Age | Minimum Age - 6 years Maximum Age - 45 years | Minimum Age - 7 years Maximum Age - 55 years |
| Sum assured | Rs 1 lakh to No limit | 10 X Annualized Premium |
| Premium payment frequency | Annual, half-yearly, quarterly & monthly | Annual, half-yearly, quarterly & monthly |
| Plan Sample Premium | - | - |
| Plan Brochure | Brochure URL | Brochure URL |
| Policy tenure | 15 years | 5 to 30 years |
| Claim Settlement Ratio (2023-24) | 98.62 | Minimum Age- 14 year |
Of the many efficient plans of LIC, the Jeevan Shikhar Plan stands out in terms of benefits and simplicity of terms. The endowment plan was initially launched as a close-ended plan which was only available 120 days after the release date, but the terms are revised now. The programs offer you a great cover provided you are ready to take the associated risk, which is 10 times the usual tabular single premium.
The plan can be termed as a saving cum protection single premium plan which is non-linked and participating. The person availing the plan is offered a choice to choose the desired maturity sum assured, the premium thus varies and depends on the maturity sum assured chosen. However, there is a minimum amount cap that is Rs. 100,00.
Any person between the ages of 6-45 can avail of this program. The program has provision for liquidity and the insured person can avail a loan on the deposit. The term period of the plan would be 15 years the maturity sum assured will be in the form of multiples of Rs. 20,000.
LIC Aadhaar Stambh Plan offers you a range of benefits including:
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With 9 years of progressive experience in the insurance industry, including 7 years at Policy X, I have honed my expertise in Life and Health Insurance. My strengths lie in devising customer-centric solutions, streamlining insurance processes, and delivering exceptional service. I have successfully led high-performing teams, excelling in business planning, manpower management, and strategic decision-making.
