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LIC’s Jeevan Saral

LIC’s Jeevan Saral

LIC Ad“Boond Boond Se Sagar Bharta Hai” If one goes by this saying, small but periodic investments can grow to a large sum at maturity. This is the basic investment logic behind

LIC’s Jeevan Saral Plan. Launched in the year 2004, Jeevan Saral is one among the best selling plan’s from LIC.

Jeevan Saral is more like a Recurring Deposit schemes as being offered by various banks, but being offered by an Insurer it has an advantage of death benefits apart from Maturity Sum Assured. The death benefit includes the total risk cover and loyalty bonus, if any. LIC also promises return of premiums, excluding first-year premiums and extra/rider premiums.

  • Main Features: This plan with features of conventional plans & flexibility of unit-linked plans provides →Higher Cover →Smooth return →Liquidity & Flexibility.
  • This Plan is suitable for →Salaried Persons →those who need money for future contingencies like education/marriage of children → High Networth individuals, due to its flexibility in term & anytime partial withdrawal facility.
  • Maturity benefits: Maturity Sum Assured with Loyalty additions if any is payable.
  • Death Benefits: 250 times the monthly basic premium + return of premiums paid (excluding first year premium) is paid to the nominee. Double the Sum Assured in case of Accidental death.
  • Loan facility on policy is available after 3years from the commencement date.

Example: If Mr. Xyz aged 28 years takes this plan to meet the future expenses of his 01yr old girl child, Suppose he choose to saves Rs.4000/- per month in this plan, say when her daughter grows 17yrs old he can get approx. Rs.20,00,000/- (20Lakhs) to meet the expenses of her higher education, assuming he does not take this amount but prefer to wait till her marriage, when her daughter get’s 21yrs old, Mr.Xyz can get an amount of approx. Rs.32,00,000/- (thirty two lakhs) at the time her daughter turns 21yrs. * Conditions Apply.

By:- Mr. Ansari,
Licensed insurance adviser with LIC of India.
Ph: 9966483951.

LIC Jeevan Saral