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Monthly Income Advantage Plan
VS
Lic New Endowment
| PLAN DETAILS |
Monthly Income Advantage Plan |
Lic New Endowment |
| Premium Including GST | ||
| Key Features (Key features of the plan) |
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| Plan Uniqueness |
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| Plan Maturity age | Maximum Maturity Age - 90 years | Maximum Maturity Age - 75 years |
| Premium payment term | 6,8,10,12,15 years | Same as policy term |
| Plan Entry Age | Minimum Age - 18 years Maximum Age - 55 years | Minimum Age - 8 years Maximum Age - 55 years |
| Sum assured | No limit | Rs 1 lakh 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 - 16 years Maximum term - 45 years | Minimum term - 12 years Maximum term - 35 years |
| Claim Settlement Ratio (2024-25) | Minimum Age - 5 year | 98.5% |
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LIC Endowment Assurance Policy Explained | Best LIC Plan for Savings & Insurance |
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Axis Max Monthly Income Advantage Plan is a comprehensive plan that offers you dual life Insurance coverage benefits until policy tenure and guaranteed income for a certain duration. You can also avail of riders including term plus rider, accidental death, disability rider, COVID-19 one-year rider, critical illness, and disability rider to enhance overall coverage. You can avail of a sum assured ranging from Rs 54,000 to no upper limit. This plan has 15 plan variants and you can choose the one that best suits your needs.
Axis Max Monthly Income Advantage Plan offers you a range of benefits including:
Guaranteed monthly income
Waiver of future premiums
Reduced paid-up value
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