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.
arvind kumar pant ji,
Agar aap jeevan saral policy lena chahta hu ,aur apka age 26 hai, Rs 6005 yly premium – Term20 year . after 20 yrs u ‘ll get
Maturity SA — 138655
+Loyalty Addition — 138655 (Assumed Approx)
Your Surrender Value would be 277310
Normal coverage: 377750 at 20th year
Accidental coverage: 502750 at 20th year
Death SA which will be return on the bond : 250000
Regards
Kolkata LIC Agent
My Wife is 26 yrs old. She has taken LIC jeevan saral plan for 25 years at montly permium of Rs 3062/- . Can you please tell me approx what amount we will get at the time of maturity.
Thanks..!!
Gaurav Gupta
in jivansaral policy when age5yrs 12000rs yearly depositeafter 20yrs what will be return?
you said user is 25 years old and paying 24000 premium yearly for 25 years then his maturity amount would be Rs.27,48,062/- approx.
by this calculation
Sum assured will be Rs. 500000 + Bonus Rs.40-50 per year per thousand sum assured
it means bonus is 40*25*500 = 500000
so total maturity amount would be 5lakh + 5 lakh = 1000000 then how wouold you come to Rs. 27,48,062/- value??
sir , main jeevan saral policy lena chahta hu ,meri age 26 hai, main 6005 RS 20 year de sakta hu . mujhe 20 year tak kitna milega . thanks
i have a policy of lic jeevan saral of 30 years and i deposit annually 12000/- after completing the period
i am 25 yrs old and hv policy LIC jeevan saral of premium 72000 per year for 15 years.
how much i will get after 15 years from it ?
I have taken Jeevan saral Policy Plan 165 2 dys back for a term of 20 years. I just want to Know as to how much i Will receive at the end of 20 years for a premium of 1000.My age is 26 DOB:08-10-1984. Problem is that the agents are showing the pamplets which shows after 20 years i would receive an amount of 804976.Is this correct Please revert me on my email id in full as to how much i will receive.
Thanks in advance.
sir i wann ask i wann spend 9600 yearly primius in jivan saral .what is the maturity i got after 10yrs and 15 yrs mail me sir i wann buy a policy as soon as possiable
dear sir,
I am investing Rs48000 as an annual premium in LIC’s Jeevan Saral policy from the age of 30. Would you please let me know,if possible the maturity amount+loyalty addition if i continue the same premium for 12 years? or the maturity amount only.
thanks
kuldeep rawat