LIC JEEVAN Saral (Table No. 165)

Jeevan Saral Benefits and Features:

Jeevan Saral Policy won Golden peacock award for it's unique features. This policy has several benefits which are unique and attractive.

Any Time Maturity:

This plan is also known as LIC ATM Plan because the policy allows life insured to withdraw maturity after 10 years at any time, partially or fully. This flexibility lets you reinvest your money or fulfill your financial requirements. It also rewards you with bonus even if you have stopped paying premium after 10 years and maturity is kept inactive in insurance account.

Special Surrender Value:

Special surrender value is one more distinctive feature of this policy. Flexibility of surrender value with such a good benefit takes this plan up.  Under special surrender value you get 100% Maturity Sum Assured, if policy surrendered after paying premium for 5 years and above. Maturity sum assured will be as per LIC norms.

Read Jeevan Saral Review and details for user's views.

LIC Jeevan Saral Chart:

Premium payable in table 165 policy and the sum Assured  is illustrated below in jeevan saral chart. (Use LIC Jeevan Saral Calculator)

(Premium Payment Table with DAB)
Basic Premium 250 500 1000 2000 3000 5000 6000 7000 8000 10000
Plus DAB 5 10 21 42 63 104 125 146 167 208
Net Monthly(with DAB) 255 510 1021 2042 3063 5104 6125 7146 8167 10208
Net Quarterly(With DAB) 766 1531 3063 6125 9188 15313 18376 21438 24500 30625
Net Half Yrly (with DAB) 1516 3033 6065 12130 18195 30325 36390 42455 48520 60850
Net Yearly (with DAB) 3002 6005 12010 24020 36030 60050 72060 84070 96080 12100
SUM Assured (10 Yrs) 62500 125000 250000 500000 750000 1250000 1500000 1750000 2000000 2500000
S.A. + DAB 125000 250000 500000 1000000 1500000 2500000 3000000 3500000 4000000 5000000

Chart Explanation:

In the above chart, premiums are illustrated with the basic SUM assured. The DAB amount (double accident benefits) is optional and can be taken to get one additional SUM assured for accident death case.

If a person takes policy with premium of 2000, in such case the benefits provided to the nominee will be as follows:

250 times of monthly premium = 2000*250=5,00,000 + premium paid, less 1st year's premium & Extra premium + Loyalty Addition, if any.

In case of accidental death if DAB taken then one addition sum assured (2000*250=5,00,000) will be added in above given benefits.


Policy Eligibility

12 to 60 years
70 Years Maximum
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).