LIC Guaranteed Income Plan vs Kotak Assured Income Plan

There are more than 48 plans in LIC OF INDIA which covers the requirement of each and every individual. But even then some people come up with certain requirements which can not be fulfilled by single plans. So If two or more plans are clubbed together then requirements of each and every individual can be fulfilled.

The details of one such LIC Plan is:

Pay Rs 1,00,000/- per annum for 10 yrs and get guaranteed income of Rs 75000 p.a. till 100yrs of age with a maturity of Rs 10,00,000/- at the age of 80yrs and whole life insurance of Rs 10,00,000 +.

There is one such plan with Kotak Mahindra Life Insurance Company. The comparison of both the plans are as:

FEATURES LIC GUARANTEED INCOME PLAN KOTAK ASSURED INCOME PLAN
PREMIUM RS1,00,000 RS1,00,000
INSURANCE RS10,00,000 FOR LIFE TIME RS10,00,000 ONLY FOR 30YRS
INCRESING INSURANCE YES NO
RETURNS RS 75,356 FOR LIFE TIME RS 1,01,000  ONLY FOR 20YRS
MATURITY RS 10,00,000 AT THE AGE OF 80YRS RS 10,00,000 AT THE AGE OF 70YRS
INSURANCE AFTER MATURITY RS16,00,000 AND INCREASING NO INSURANCE
LOAN AFTER MATURITY RS 7,74,000 NIL

Please find the illustration of LIC Guaranteed Income Plan .

At LIC all your requirements can be fulfilled. For more details visit LIC HELPLINE

Leave A Comment

Open chat
1
Scan the code
Powered by LIChelpline
Hello, I am Kristin, How can I help you?