Jeevan Saral

Jeevan

Life insurance provides the best way for securing your investment by offering various plans. One such plan is LIC's Jeevan Saral unique plan

Life insurance provides the best way for securing your investment by offering various plans. One such plan is LIC's Jeevan Saral unique plan that provides flexibility of unit linked plans. This plan is a Monthly Recurring insurance plan where the policyholder can get or acquire 250 times monthly premium plus total premium paid and along with Loyalty Additions. On closing of five years the policy holder is liable to receive 100% of the Maturity Sum. Under this plan premiums can be paid yearly, half yearly, quarterly, or through by salary deductions as opted or depends upon the choice of policyholder.Jeevan Saral is Golden Peacock Award winner policy.

Features of Jeevan Saral Plan

This plan offers an amount equal to the Term Assurance Sum Assured which will be allocated to the policyholder during the policy term. 1. Jeevan Saral provides high risk cover at low premium. 2. LIC's Jeevan Saral is facilitated with a smooth returns and posses lot of flexibility. 3. Policyholder has the option to select a maximum term but can be surrendered at any time. 4. This plan also offers optional higher cover available through Term Riders. 5. In this policy extended risk cover for one year can be payable after three premiums payment.The maximum cover for the above riders will be Rs.25 lakhs under this policy. 6. LIC's Jeevan Saral provides Periodical Guaranteed cash back offer and you can returns of premium along with Loyalty Additions. Jeevan Saral plan provides many essential benefits by which you can secure your future. This plan provides many benefits for the policyholder also after his / her death.

Benefits of Jeevan Saral Plan

-Death Benefit

In this benefit 250 times the monthly premium along with Loyalty Additions are allocated in a lump sum on the death of life assured.

-Maturity Benefit

On maturity this plan offers Maturity Sum Assured plus with Loyalty Additions is payable in a lump sum.

-Surrender value

Jeevan Saral plan provides surrender value in case of early termination of LIC contract by the policyholder.

-Guaranteed Surrender value

this special value will be equal to 30% of the total amount of premiums paid apart from the premium paid for first year. This Plan offered by LIC offers 80% of Maturity Sum Assured if 3 or more years' but less than 4 years' premiums have been paid; 90% of the Maturity Sum Assured, if 4 or more years' but less than 5 years' premiums have been paid and 100% of the Maturity Sum Assured, if 5 or more years' premiums have been paid.

-Paid up value

this value can be acquired by the policyholder if the policy is in force for three years and respectively premiums are paid in these three years.

-Supplementary Benefit

This is other possible benefit that can be adjoined to your basic plan, it requires a supplementary premium. The payment of premiums can be paid yearly, half-yearly, quarterly or monthly.

For more information visit Jeevan Saral.

Share this Classifieds

Related Classifieds