Lic Siip
vs
Sbi Smart Champ
- Choose your coverage tenure
- Multiple sum assured options
- Enhance coverage with add-ons
| PLAN DETAILS |
 Lic Siip |
 Sbi Smart Champ |
| Premium Including GST | ||
| Key Features (Key features of the plan) |
|
|
| Plan Uniqueness |
|
|
| Plan Maturity age | Maximum Maturity Age - 85 years | Maximum Maturity Age - 70 years |
| Premium payment term | 10 to 25 years | 18 minus child& 039;s entry age |
| Plan Entry Age | Minimum Age - 90 days Maximum Age - 65 years | Minimum Age - 0 years Maximum Age - 13 years |
| Sum assured | Rs 10 lakhs to No limit | Rs. 1 Lakh to Rs 1 Crore |
| Premium payment frequency | Annual, half-yearly, quarterly & monthly | Annual, half-yearly, quarterly & monthly |
| Plan Sample Premium | - | - |
| Plan Brochure | Brochure URL | Brochure URL |
| Policy tenure | Minimum term - 10 years Maximum term - 25 years | 21 minus child |
| Claim Settlement Ratio (2023-24) | 98.62 | Minimum Age- 0 years |
LIC SIIP is a unit-linked non-participating individual life insurance plan. The plan comes out as an opportunity to monetize the investment options offered by the market. The plan is available offline and online along with four different fund options to invest your hard-earned money. Like all other plans, it also carries eligibility criteria. Let's check the same.
This plan offers guaranteed additional benefits to the policyholders along with the maturity benefits.
LIC SIIP Plan offers you a range of benefits including:
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