Lic
vs
Smart Life Plan
- Choose your coverage tenure
- Multiple sum assured options
- Enhance coverage with add-ons
| PLAN DETAILS |
 Lic |
 Smart Life Plan |
| Premium Including GST | ||
| Key Features (Key features of the plan) |
|
|
| Plan Uniqueness |
|
|
| Plan Maturity age | Maximum Maturity Age - Whole life | Maximum Maturity Age - 75 years |
| Premium payment term | - | 6, 8, 10, 12, and 15 years |
| Plan Entry Age | Minimum Age - 25 years Maximum Age - 100 years | Minimum Age - 3 years Maximum Age - 55 years |
| Sum assured | Rs 1 lakhs to No limit | Rs. 2,50,000 to No limit |
| 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 | 75 years less entry age of life insured |
| Claim Settlement Ratio (2023-24) | 98.62 | Minimum Age - 5 year |
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:
Consult for Personalized Insurance Advice
Schedule a call with India’s number 1 trusted advisor with a 4.5+ rating on Google. We are not your average insurance agents. Our advisors are experts in their insurance knowledge and will give you the right information at the right time. The service is free of cost! Don’t worry, we won’t spam as we value your time.
Trouble connecting with an insurance company?
Contact PolicyX.comCall at our toll-free number 1800-4200-269Email: helpdesk@policyx.com
We are happy to help.
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.
