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LIC Jeevan Saral

LIC Jeevan Saral is an Endowment Assurance plan where the Policyholder has simply to choose the amount and mode of premium payment. The plan provides financial protection against death throughout the term of the plan to the extent of 250 times of the monthly premium . The Maturity Sum Assured depends on the age at entry of the life to be assured and is payable on survival to the end of the policy term. This plan is very appropriate for employees seeking life cover, tax saving with good returns through Salary Saving Schemes (ECS).

Due to existence of the flexible term and partial surrenders the Policyholders will enjoy a lot of liquidity under this plan. The plan also provides for 15 days free look period.

Plan Parameters:
  • Age at Entry: Minimum 12 Yrs, Maximum 60 Yrs
  • Maximum Maturity Age: 70 Years
  • Policy Term: Min 10 yrs & Max 35 Yrs
  • Minimum Premium: Rs. 250 per month [Rs.3000 per year]
  • Maximum Premium: No limit
  • Mode of Payment: Yearly/Half Yrly/Quaterly/ECS/SSS
  • Policy Loan: Loan available after 3 years @ 9% p.a.
  • Surrender of Policy: Yes
  • Term Riders: Yes
Benefits :
Maturity Benefit:
Maturity S.A. + Loyality Additions, if the policy was in force for a minimum of 10 policy years.

Death Benefit:
250 times the monthly basic premium + return of premium paid (excluding extra/rider premium and 1st year premium) + Loyality additions, if any.

Accident Benefit:
One additional Sum Assured is payable .

Maturity Benefit:
Maturity S.A. + Loyality Additions, if the policy was in force for a minimum of 10 policy years.

Death Benefit:
250 times the monthly basic premium + return of premium paid (excluding extra/rider premium and 1st year premium) + Loyality additions, if any.

Accident Benefit:
One additional Sum Assured is payable .

SPECIAL FEATURES:
  • High risk cover at low premium
  • Extended risk cover for one year after 3 years premium payment.
  • Optional higher cover through Term Riders
  • The policyholder can choose a maximum term but can surrender at any time without any deduction.
  • surrender penalty or loss after 5 years
  • Any number of withdrawals through partial
Difference Between LIC And Post Office
PREMIUM LIC Jeevan Saral POST OFFICE LIC GAIN
500 106452 + Free insurance 89010 - income Tax  17442
1000 212904 + Free insurance 178021 - income Tax  34883
1500 319356 +  Free insurance 267031 - income Tax 52325
2000 425808 + Free insurance  356042 - income Tax  69766
2500 532260 + Free insurance  445052 _ income Tax 87208
3000 638712 + Free insurance 534063 - income Tax  104649
3500 745164 + Free insurance 623073 - income Tax 122091
4000 851616 + Free insurance 712084 - income Tax  139532
5000 1064520 + Free insurance 890105 - income Tax 174415


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Call us : +91 - 9560764324,    Emalil us : licinsurancedelhi@gmail.com
 
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