Top 5 Life Insurance Schemes for Senior Citizens in India 2024

1. TOP 5 TOP 5 LIFE INSURANCE SCHEMES FOR SENIOR CITIZENS India India SWIPE RIGHT

2. #01 #01 Pradhan Mantri Vaya Pradhan Mantri Vaya Vandana Yojana Vandana Yojana Key Features Benefits Eligibility Criteria Investment: ₹15 lakh Guaranteed interest: 7.4% annually Flexible payment frequencies Regular income Loan option after 3 years Tax benefits under Section 80C Minimum: 60 years Maximum: No limit SWIPE RIGHT

3. #02 #02 LIC Jeevan Akshay LIC Jeevan Akshay Key Features Benefits Eligibility Criteria Provides a regular income stream Helps in effective financial planning Tax benefits on premiums Immediate annuity Guaranteed lifetime income Flexible annuity options Lump-sum payment option Minimum age: 30 years Maximum age: 85 years SWIPE RIGHT

4. #03 #03 HDFC Life Senior HDFC Life Senior Citizen Care Plan Citizen Care Plan Key Features Benefits Eligibility Criteria Minimum age: 60 years Maximum age: 85 years Coverage up to 85 years Includes lump-sum, death, and maturity benefits Financial protection Lump-sum death and maturity benefits SWIPE RIGHT

5. #04 #04 Max Life Forever Young Max Life Forever Young Pension Plan Pension Plan Key Features Benefits Eligibility Criteria Regular pension payouts for retirement stability Bonuses and loyalty additions for extra support Minimum age: 30 years Maximum age: 65 years Coverage up to 85 years Includes lump-sum payment, death, and maturity benefits SWIPE RIGHT

6. #05 #05 ICICI Prudential Life ICICI Prudential Life Insurance iProtect Smart Insurance iProtect Smart Key Features Benefits Eligibility Criteria Comprehensive term insurance Coverage up to 99 years Critical illness and disability riders available Offers financial security Includes critical illness coverage Flexible policy term and sum assured Minimum age: 18 years Maximum age: 65 years SWIPE RIGHT

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