Tata Aia Smart Income Plus Plan vs Lic Jeevan Saral

Invest smartly with Tata AIA Smart Income Plus – secure savings, guaranteed income, and financial security. A wise man once said, 'Be ready for anything, and nothing seems more important than saving money for a brighter future. A plan like Tata AIA Life Smart Income Plus helps you grow wealth with the promise of protecting your money while providing life coverage against unfortunate death. It is a smart income plan that guarantees you the joy of extra income to fulfil your own future goals. This investment plan allows you to choose between Regular Income or Endowment options, whichever suits your needs best. Besides guaranteed savings or payouts, you can stay protected against accidental death, disability, or critical illnesses by adding add-on riders to your base policy.

Tata AIA Smart Income Plus Plan offers you a range of benefits including:

• Guaranteed Benefits
• Tax Benefits
• Flexibility

• Two policy options
• Long-term income option
• Additional riders

LIC Jeevan Saral is an Endowment Assurance plan under which the proposer has simply to choose the amount and mode of premium payment. The plan comes out with the needful financial protection to support death throughout the term of the plan. The death benefit is directly related to the premiums paid. The Maturity Sum Assured depends on the age at entry of the life to be assured and is payable on survival to the end of the policy term. It also offers the flexibility of terms and a lot of liquidity.

Under this plan, the premium amount will be decided by the insured person and he/she will get almost 250 times the monthly premium as Sum Assured. If the insured person survives the entire tenure then he/she would be liable to receive Maturity Sum Assured + Loyalty Additions. The Maturity Sum Assured depends on different entry ages and policy terms and is specified at the beginning of the policy.

Now, if the case where the insured dies within the policy tenure then his nominee would receive the Sum Assured + Return of premiums excluding extra/rider premium and first-year premium + Loyalty Addition if any.

LIC Saral Jeevan Bima Plan offers you a range of benefits including:

• Maturity Benefits
• Death Benefits
• Home Loan Surety

• Loan Facility
• Loyalty Additions