100% of Maturity Sum Assured in case of surrender after 5 years.
Guaranteed Surrender Value after policy being in force at least for 3 years.
Premiums are payable monthly, quarterly, half-yearly or yearly.
Liquidity & a lot of flexibility.
Maturity amount payable at policy maturity will be Tax Free under section 10-10d of income Tax act.
Premium paid in LIC is exempted under section 80c of income Tax act.
Higher cover available through Term Riders.
Death cover is same irrespective of age at entry and term.
Loan available after 3 years @ 9% p.a.
Policy period is extended after 10 years and you can withdrawal your money any time without any extra charges.
Death Benefits is 250 times of monthly premium + Total premium paid, less 1st year's premium & Extra premium paid + Loyalty Addition if any payable in lump sum.
LIC Jeevan Saral Review
Jeevan Saral from LIC is one of the best plan with having great benefits of higher risk cover, liquidity, smooth returns and great flexibility. The LIC Jeevan Saral Policy gives you death cover same irrespective of all age at entry and term.
Death cover can be double of Sum Assured using riders. The Jeevan Saral ATM Plan allows you to withdrawal your money after 10 years with full maturity benefits plus Loyalty additions, if any or you can get guaranteed surrender value before maturity if policy has been in force at least for 3 years. Jeevan Saral LIC policy is basically an Endowment Assurance plan and you can pay premiums according to your comfort monthly, Quarterly, Half yearly or yearly.
LIC Jeevan Saral Surrender Value
You get guaranteed surrender value 80% of Maturity Sum Assured if policy has completed 3 or more years, 90% of the Maturity Sum Assured if policy has completed 4 or more years and 100% of the Maturity Sum Assured if 5 or more years premiums have been paid.
LIC Jeevan Saral Eligibility
12 to 60 years
70 Years Maximum
Term of Policy:
10 to 35 Years
Rs. 250 /month for age up to 49 and Rs. 400 /month for age 50 & above.
Max No limit
(Premium in multiple of Rs. 50 /month).
LIC Jeevan Saral Table 165:
Premium payable under this policy and the sum Assured at the maturity is illustrated below. (Use LIC Jeevan Saral Calculator)
High life risk cover at very low premium.