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Saving Advantage Plan
VS
Lic Bima Diamond
| PLAN DETAILS |
Saving Advantage Plan |
Lic Bima Diamond |
| 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 - 80 years | Maximum Maturity Age - 65 years |
| Premium payment term | 5,12 years | 10 to 15 years |
| Plan Entry Age | Minimum Age - 91 days Maximum Age - 65 years | Minimum Age - 14 years Maximum Age - 45 years |
| Sum assured | No limit | Rs 1 lakh to Rs 5 lakh |
| 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 - 10 years Maximum term - 30 years | 16, 20, 24 years |
| Claim Settlement Ratio (2024-25) | Minimum Age - 5 year | 98.5% |
Save More, Live Better with Axis Max Life Savings Advantage Plan
Whether aiming for a new car or your daughter's dream wedding, savings alone won't do it; you need to grow your money to reach your future goals. That's why Axis Max Life launched an Axis Max Life Savings Advantage Plan. It helps you grow your savings to build wealth and achieve your future goals while providing life coverage against unfortunate death.
Apart from the lump sum death or maturity benefit payout, this plan offers you 5.5% of Guaranteed Additions at the end of each policy year for the first 5 policy years to boost your sum assured amount.
Even the life insurance plan offers flexibility to select payout options, such as lump sum or monthly income. On the unfortunate death of an insured person during the policy, a sum of the guaranteed death benefit, guaranteed additions (if any), and Terminal Bonus (if any) shall be payable to the nominee.
Axis Max Life Savings Advantage Plan offers you a range of benefits including:
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