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Lic vs Hdfc Pro Growth Plus

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Lic vs Hdfc Pro Growth Plus

Lic

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

Hdfc Pro Growth Plus

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 premiu...

PLAN DETAILS

Lic


Hdfc Pro Growth Plus

Premium Including GST
Key Features
(Key features of the plan)
  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
  • Flexibility to Invest in Funds
  • Regular Premiums
  • Sample Premium Rates
Plan Uniqueness
  • Annuity Options
  • Loan Facility
  • Guaranteed Annuity Rates
  • Partial withdrawals
  • Redirection of Premium
  • Switching
Plan Maturity age Maximum Maturity Age - Whole life Maximum Maturity Age - 75 years
Premium payment term - 10 to 30 years
Plan Entry Age Minimum Age - 25 years Maximum Age - 100 years Minimum Age - 14 years Maximum Age - 65 years
Sum assured Rs 1 lakhs to No limit Higher of 10 x annualized premium or 0.5 x policy term 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 Minimum term - 5 years Maximum term - Whole life 10 to 30 years
Claim Settlement Ratio (2024-25) 98.5% Minimum Age- 14 year

Know More About Plans

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

LIC Jeevan Akshay Plan offers various annuity options for policyholders to choose from.

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

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

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