LIC Jeevan Saral Review
Jeevan Saral is an Endowment Assurance plan. It provides financial protection against death throughout the term of the plan. 250 times death benefits and any time withdrawal in Jeevan Saral are major features of this plan. The Maturity Sum Assured depends on the age at entry of the life to be assured and is payable on survival at the end of the policy term along with loyalty additions, if any.
Loyalty additions in this policy are declared only after 10 years or earlier in case of life insured’s death. Although it is not a ULIP plan but the calculations of actual maturity claim is not possible due to uncertainty of loyalty additions.
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