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Lic vs Icici Pru Signature Plan

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Lic vs Icici Pru Signature Plan

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...

Icici Pru Signature Plan

ICICI Pru Signature is a ULIP that combines life cover with wealth creation, helping you protect your family while growing your investments. It provides flexible Wealth Boosters, fund options, Value Benefits, and return-of-premium allocation charges. It adapts to changing life stages, providing disc...

PLAN DETAILS

Lic


Icici Pru Signature Plan

Premium Including GST
Key Features
(Key features of the plan)
  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
  • Life Cover
  • Wealth Boosters
  • Return of Premium Allocation Charges
Plan Uniqueness
  • Annuity Options
  • Loan Facility
  • Guaranteed Annuity Rates
  • Return of Premium Allocation Charges
  • Systematic Withdrawal Plan (SWP)
Plan Maturity age Maximum Maturity Age - Whole life 99 years
Premium payment term - Single, Yearly, Half-Yearly, and Monthly
Plan Entry Age Minimum Age - 25 years Maximum Age - 100 years 0-70 years
Sum assured Rs 1 lakhs to No limit 0-39 years- 1.25 X Single Premium 40 and above 40 years- 10 X Single Premium
Premium payment frequency Annual, half-yearly, quarterly & monthly Single, Yearly, Half-Yearly, and Monthly
Plan Sample Premium - ₹5,00,000 p.a.
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% 99.3%

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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