Bajaj- Max Advantage

HDFC- Crest

1) Max Advantage which offers highest NAV guaranteed in 10 policy years.

1) Crest comes with two options Highest NAV Guarantee Fund or Free Asset Allocation Option.

2) Max Advantage which offers 15 days of look in period which mandatory.

2) Crest offers 30 days of look in period to review terms and condition in the policy.

3) Flexibility to select or change premium payment term from 5 to 7 years.

3) Crest’s Premium paying term is of 5 years and policy term is 10 years.

4) Max Advantage come with five investment fund option to choose from.

4) Crest got options of highest NAV or Free Asset Allocation option with option of 5 non guaranteed funds.

5) Max Advantage offers additional Sum Assured in case of accidental death.

5) Crest offers higher of SA (less partial withdrawals) or total fund value to your family in case of death.

6) Max Advantage does not offer minimum guaranteed NAV.

6) It offers minimum NAV guarantee of Rs15 at maturity.

7) Plan allows refund of 60% total premium allocation charge as guaranteed addition at maturity.

7) Crest does not allow such refund. Crest has option to invest in Free Asset Allocation.

8 ) Max Advantage of Bajaj does not have One year Assurance option to change exiting product to another.

8 ) An assurance that in 1yr if you feels that I bought the wrong product, then insurer help them to select an existing product of company which suits them according to their need at minimum possible cost.