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Smart Life Plan
| 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 (2024-25) | 98.5% | Minimum Age - 5 year |
Jeevan Akshay VII (Table No. 857) is a single premium, non-linked, and non-participating immediate annuity plan. It pays an annuity or pension to the policyholder at the annuity age. The plan also allows joint life cover and provides annuity payments of a stated amount throughout the lifetime of the annuitant.
LIC Jeevan Akshay VII Plan offers various annuity options for policyholders to choose from, along with a range of benefits:
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