Saving Advantage Plan vs Lic Bima Shree

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 may not be enough; you need to grow your money to reach your future goals. That's why Axis Max Life launched the 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 5.5% Guaranteed Additions at the end of each policy year for the first 5 policy years to boost your sum assured amount.

The life insurance plan also offers flexibility to select payout options, such as lump sum or monthly income. In the event of the insured person's unfortunate death during the policy term, the nominee will receive a sum comprising the guaranteed death benefit, guaranteed additions (if any), and Terminal Bonus (if any).

Key benefits include:

• Flexibility to choose premium payment terms
• Guaranteed additions
• Flexible policy tenure
• Cash bonuses

LIC Bima Shree Policy is a traditional, non-linked, and with-profit money-back life insurance policy that features guaranteed additions to provide security along with savings to you and your family. It is a limited premium paying plan known for offering financial protection in dual cases: if the policyholder survives the policy term or in the event of the policyholder's death before the term ends.

The plan pays out maturity benefits in the form of multiple guaranteed 'survival benefits' throughout the policy tenure. Under this plan, the policyholder is also eligible for a regular liquidity facility.

LIC Bima Shree Plan offers a range of benefits including:

• Death Benefits
• Maturity Benefits
• Survival Benefits
• Additional riders to choose from
• Waiver of premium benefit
• Free-look period