The Magic of Jeevan Saral

An insight into this unique plan of L.I.C. of India

Mega Benefits
Invest Rs 2000 per month for 11 yrs and you will get Rs 5 lac as Maturity and that too Total TAX FREE (under section 10d). After paying the first premium, your Life Risk Coverage starts for an amount of Rs 5 lac (for a monthly premium of Rs 2000) You can avail Tax Rebate on the amount you deposit under section 80c. The best benefit of this plan is that this investment option is not linked to share market, hence there is no risk related to market Ups and Downs. In 10 years even if the share market goes down, you will get a definite maturity of Rs 5 Lac.

Salient Features of Jeevan Saral

Client has to decide
premium to be paid, and Mode only

He/she can choose any term No surrender penalty after 5 years Participating loyalty additions after 10 or more years

Salient Features of Jeevan Saral

Death Benefit
250 times the monthly premium, plus return of premiums excluding extra/rider premium and first year premium, plus the Loyalty Additions, if any.

Maturity Benefit
Maturity Sum Assured, plus the Loyalty Additions, if any.

Unique Feature
In case of death claim, in addition to the Sum Assured payable on death, All Premiums Paid, (excluding the first year premium, extra premiums and premiums for rider benefits), will be refunded. This is the first time that such a feature has been introduced. The result is a continuously increasing Risk Cover from the second year onwards.

Paid-up and Surrenders

Available after 3 years No Surrender penalty after 5 years. For e.g. if a 20 year is being surrendered after 12 years, it will be treated as if the policy was originally taken for a term of 12 years, and the maturity value corresponding to term 12 will be paid. In this sense, Jeevan Saral can be called a Flexible Term plan.

Another Unique Feature

Yes. Jeevan Saral boasts of another fantastic unique feature - Partial Surrender If you need money, you can partially surrender the policy The premium will correspondingly reduce and thereby the associated benefits too. This means that you can virtually break one policy into multiple policies This also means that you can use this policy as a flexible Moneyback Plan.

Standard Terms of this Plan

For a chosen premium, the level of benefits payable at maturity (The Maturity Sum Assured) will be quoted Policyholder can choose term from 10 years to 35 years Modes available Yearly, Half-yearly, Quarterly & SSS

Eligibility Conditions
Minimum age at entry Maximum age at entry Maximum age at maturity Minimum term Maximum term Minimum premium for entry age 49 years or below Minimum premium for entry age 50 years or above The monthly premium should be in multiples of Rs.50/Maximum Premium No Limit 12 years (completed) 60 years 70 years 10 years 35 years Rs.250/- per month Rs.400/- per month

Thank You!