LIC GUARANTEED (178+5) Vs MAX NEW YORK’S LIFE PARTNER PLUS

LIC OF INDIA has many plans and if they are combined well then it can be better than any other plans of any Life insurance company.

One such example is combination of LIC JEEVAN TARANG with LIMITED WHOLE LIFE PLAN shows how it can be better than Max New York’s LIFE PARTNER PLUS.

In this example 178-20-6( For 5lacs )+5-6(for 1 lac) is taken with 6 yrs of premium paying term to compare with Max New York’s LIFE PARTNER PLUS.

Case where LIC wins over Max New York’s LIFE PARTNER PLUS.

1. Higher Insurance and keep on increasing.

2. Higher Money Back Rs27500 (5.5% of 5lacs) compare to 22500 (7.5% of 3lacs)

3 Money back ( Returns) starts after 20yrs where in Max New York’s LIFE PARTNER PLUS money back (Returns) starts at the age of 61

4. Loan available in LIC GUARANTEED + after 3 yrs whereas no loan is available in Max New York’s LIFE PARTNER PLUS.

5. After 20yrs Money back higher than total premium paid comes as lump sum in LIC GUARANTEED +, whereas in Max New York’s LIFE PARTNER PLUS only Sum Assured comes at 75yrs. of age

6. Another Higher Maturity comes at the age of 80, whereas in Max New York’s LIFE PARTNER PLUS.there is not even any insurance.

7. Whole Life insurance of Rs 5 lac in LIC GUARANTEED +