LIC’s Jeevan Saral (Table 165)  is the simplest LIC plan, where you just need to decide how much monthly premium you want to pay and you will get 250 times risk cover for example if you want to pay Rs.1000/mo then your risk cover will be 10000×250=2.5 lakh
Jeevan saral is good for all tax groups as it gives you tax benefit too. LIC Saral plan is suitable for all who want to keep invested or want to invest regularly for 10-25 years. This plan also won Golden Peacock award.


Special features of Jeevan Saral:

  • Higher cover (250 times of your monthly premium)
  • Smooth and high return
  • Liquidity fund (Like ATM after 10 years)
  • flexibility


Death Benefit:
If the policy holder dies within policy term his/her nominee will receive 250 times the monthly premium, plus return of premium payments excluding extra/rider premium and first year premium plus The loyalty addition, if any.

Maturity Benefit:
Maturity sum assured, plus Loyalty additions, if any.

Accidental Death:
If the policy holder dies due to accident her/his nominee will receive double the sum assured.

Eligibility for Jeevan Saral:

  • Entry Age: 12 years completed
  • Max age: 60 years
  • Max Age at maturity: 70 years.
  • Term:  Min 10 years and Max 35 years.
  • Premium: Minimum Rs.250/- per month for (upto 49 years) and
  • Rs.400/- per month for age 50 years and above.
  • Mode: All modes available. Yearly, half yearly and monthly ECS.
  • Loan: Loan is available in Jeevan Saral plan

Auto Cover Option:
If you are unable to pay your premium for some reason your risk cover will continue for 12 months if your policy is in force for a period of 3 years and more.

Flexible Term:
You may choose any term between 10 to 35 years but you will be able to surrender the policy anytime after 3 years however if you surrender the policy after 10 years you will get all the benefits without any fine print.

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