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
Benefits:
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.
- lic jeevan saral maturity amount calculator
- lic jeevan saral maturity calculator
- jeevan saral premium calculator
Request you to kindly provide me with additional details about this plan JEEVAN SARAL
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Tabrej Reply:
November 20th, 2009 at 5:59 am
Please let me know what specific details you want for Jeevan Saral Insurance plan?
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Jeevan Saral is the best policy in LIC. If anyone want to buy this policy then please reply me. (Bangalore)
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Dear Sir,
If I take new Janaraksha policy for 16 years with a monthly premium of 3795/-, then what can I get some approx. value of royalty addition, that I would be getting at the time of maturity? or it can be zero value of royalty addition in any case. My present age is 24 years now.
Should I go for this plan.
Thanks.
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i have taken 2 policy of 500 each p.m for ten year of jeevan saral i would like to know at the end of 10,12,15,20yr how much of money i will get thanks
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i am @ age of 48 can i take any insurance policies, if any can u inform me to my email id.
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Tabrej Reply:
November 2nd, 2009 at 7:35 am
Yes, you are eligible to take Insurance policy.
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Dear Sir,
If I take jeevan saral policy for 10 years with an anual premium of 12000/-, can I get some approx. value of royality adition, that I would be getting at the time of maturity. or it can be zero value of royality adition in any case. My present age is 41 years now.
Should I go for this plan.
Thanks.
N.K.Verma
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I am age of 57 yrs. I want to take a best plan for single premium insurence policy. Please advice me for best
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I want to know about Jeevan Saral Policy, Yearly Plan.
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SIR, WHAT’S THE LEAST PREMIUM FOR PARTIAL SURRENDER AND IS LOYALTY BONUS IS CALCULATED.PLEASE GIVE DETAILS ABOUT TERM RIDER
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THE PLAN SEEMS TO BE V GOOD.
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Tabrej Reply:
November 22nd, 2008 at 10:09 pm
Yes, this is the simplest and hot selling policy.
You get 250x times cover of your monthly premium.
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