LIC’s Jeevan Saral is a life insurance policy that offers a higher cover at a lower premium. It also provides a smooth return and liquidity fund, making it a very flexible option for those looking for life insurance.
This policy is best suited for people who:
- Are looking for a higher cover at a lower premium
- Want a policy with smooth returns and liquidity fund
- Need a flexible life insurance policy
Life insurance policies should be as simple as Jeevan Saral Table No. 165. It gives you 250 times risk cover on your monthly premium.
Jeevan Saral Features
- Higher cover
- Smooth return
- Liquidity fund
- Considerable flexibility
Special Features:
Under this plan, death cover will be the same irrespective of age at entry and term. However, the sum payable at maturity differs for different entry ages and terms. This plan is very appropriate for employees seeking life cover through Salary Saving Schemes (SSS).
Benefits:
==> On Death:
- 250 times the monthly premium, plus
- return of premiums excluding extra/rider premium and first year
- premium plus
- The loyalty addition, if any.
==> On Maturity:
- Maturity sum assured, plus
- Loyalty additions, if any.
Surrender value:
The policy can be surrendered after it has been in force for at least three full years. The surrender value will be greater than the Guaranteed Surrender Value or Special Surrender Value.
Options:
Jeevan Saral offers the following optional riders by payment of an additional premium:
- Accidental death and disability benefit
- Term Assurance benefit.
The maximum cover for the above riders will be Rs.25 lakhs under all policies of the Corporation taken together.
Auto Cover:
The plan offers Auto Cover of 12 months after the policy has been in force for a period of 3 years and more.
Flexible Term:
The policyholder can choose a maximum term but can surrender at any time without any surrender penalty or loss.
Partial Surrenders:
The plan will allow partial surrender from the 4th year onwards subject to certain conditions. Due to the existence of the flexible term and partial surrenders, the policyholder will enjoy a lot of liquidity under Jeevan Saral.
Loan:
The loan is permissible under the policy.
Loyalty additions:
Only loyalty additions will be declared under the plan. The minimum term a policy can earn loyalty will be ten years. However, loyalty additions will also be payable if death occurs in the 10 years of the policy, provided that the policy is in force at the time of death. Loyalty additions will be subject to Corporation’s experience and may be paid in case of death, maturity, and surrenders.
Eligibility conditions:
Age at entry: Minimum 12 years completed and maximum 60 years nearest birthday.
Age at maturity: Maximum 70 years.
Term: All terms from 10-35 years.
Premium: Minimum Rs.250/- per month for entry up to 49 years and
Rs.400/- per month for entry age 50 years and above. The premium
shall be in multiple of Rs.50 per month.
Mode: Yearly/ Half-yearly/ Quarterly and Monthly under Salary Saving Scheme.
LIC Jeevan Saral is the most selling and recommended plan by LIC agents due to its simplicity and features. This is also called an ATM plan, as you can withdraw partial money from your Jeevan Saral account after completing 10 policy years.
This Plan has been Discontinued.
Hello,
I have taken Jeevan Saral policy of Rs. 500 (paid 6120 for yearly premium) per month for 20 years. I have recieved S-A of 125000 on lic slip.
Please let me know if this is correct?
Also, please let me know what would be the total maturity amount to get after 20 years?
My age is 25 yrs
Please help
Thanks in advance.
Regards
Neha Sharma
Hi,
I want children jeevan saral policy details on my email.
thanks…..
I am banking sector employee. I have need of a new useful policy so please give us advise which policy is useful to me. In my family three member, my wife and my one son. My son is one year old. i am confused which policy select, now from this year i have fill income tax and my salary increment declare but how much hike (percent) not declare. i think it will be clear in next month. So how to i gases my future package and how much should me invest to me for save income tax.
Thanks
vijay patil
Are you looking for investment policy or insurance policy?
For investment go for Wealth Plus plan and for insurance you may choose Jeevan Anand or Jeevan Saral. If you need couple insurance then you may go for Jeevan Sathi policy that covers husband and wife in single policy.
We are three ladies in the house. May be for my retirement or grand daughter’s education. Any how you didn’t sent me any detail would you please. With this insurance can I get health insurance also?
I think you should go for Jeevan Bharati 1, That’s money back policy specially for women. Health Insurance is available under LIC Health Plus policy.
if i deposit Rs. 12010 per year then how much money i will received after 5 years
I am 55 years old. My daughter is 33 years old. My grand daughter is 15 years old. Would you please let me know accourding to our age which policy we should get. I can spend 10,000 for a month. pL. REPLY
Do you need policy for yourself? or daughter? And whats the purpose of the policy? ie. grand daughter’s education, career or just money back policy?
Hello
I want to take jeevan saral plan for my son he is 20 year, term for 35 years premium amount app. Rs 1,00,000/- per annum can i get the chart & detail information
The maturity amount will be approx 2.80 cr.
Provide your contact details for presentation.
Hello,
I would like to know that if I have to invest in LIC which is the best plan where I can get an assured fixed amount at the maturity. If JEEVAN SARAL is the policy, then can you give me the details of the same if I want to invest for a minimum of 15 years.
Yes, Jeevan Saral is one of the best plan. If you could give your date of birth then I would be able to give you premium and maturity information.
Hello,
I have taken Jeevan Saral policy of Rs. 1000 (paid 12010 for yearly premium) per month for 20 years.
Please let me know what would be the total maturity amount to get after 20 years?
and how calculate this amount.
Thanks in advance.
Anil
my age is 35 and i am a housewife. my income is zero. so i give policy with monthly premium Rs. 50
Jeevan Saral is cheapest LIC plan. Minimum Rs.250pm We do not have any for Rs.50pm