LIC JEEVAN Saral (Table No. 165)

 

  High life risk cover at very low premium.

  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 will be Tax Free under section 10-10d of income Tax act.

  Premium paid in this policy is income tax 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.

  You can withdrawal partial or full maturity amount any time after 10 years without any extra charges.

  Death Benefit 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.

 

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.

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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.