Jeevan Saral

Jeevan Saral is one of the best plans from LIC of India with great features of saving, smooth returns and high-risk cover with low premiums. This plan has won the Golden Peacock award for it ultimate composition of whole life plan and endowment assurance plan. There are several features which make Jeevan Saral stand alone. This policy is also known as LIC ATM Plan due to its excellent feature of partial or full maturity withdrawal after 10 years without any extra charges.
Apart from general benefits like loan and tax savings, this plan offers special surrender value. Under special surrender value life insured gets 80% of Maturity Sum Assured if policy completed 3 years, 90% of the Maturity Sum Assured if policy completed 4 years and 100% of the Maturity Sum Assured if 5 or more years premiums have been paid.

Followings are the benefits covered in Jeevan Saral Policy:

• You get 100% maturity sum in case of surrender after 5 years.
• Avail loan at only 9% p.a just after 3 years.
• Equal death covers irrespective of age at entry and term. 
• Death Benefits is 250 times monthly premium + Total premium paid, less 1st years premium & Extra premium paid + LA if any payable in a lump sum.
• Double SA in case of accidental death (with extra premium).
• Maturity amount payable is tax-free under section 10-10 d
• Premium paid in LIC is tax exempted under section 80c of the Income Tax act.
  
• Withdrawal maturity amount any time after 10 years
• Pay premiums monthly, quarterly, half-yearly or yearly.

For more details, you can read Jeevan Saral Review and view Jeevan Saral Table.
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