Jeevan Saral Chart

-
You can start paying a premium just from Rs. 250 in Jeevan Saral. The death cover you get in Jeevan Saral is simply 250 times of the monthly premiums, the premium paid excluding first-year premium and loyalty addition if any in a lump sum.
The Maturity benefits will be Sum Assured plus Loyalty additions, if any, is payable in a lump sum.
This is a with-profit plan and participates in the profits of the Corporation’s life insurance business. It gets a share of the profits in the form of loyalty additions which are terminal bonuses payable along with death benefit or maturity benefit. Loyalty Additions may be payable from the 10th year onwards depending upon the experience of the Corporation.

Jeevan Saral Chart:

Basic Premium 250 500 1000 2000 5000 8000 10000
Plus DAB 5 10 21 42 104 167 208
Net Monthly(with DAB) 255 510 1021 2042 5104 8167 10208
Net Quarterly(With DAB) 766 1531 3063 6125 15313 24500 30625
Net Half Yrly (with DAB) 1516 3033 6065 12130 30325 48520 60850
Net Yearly (with DAB) 3002 6005 12010 24020 60050 96080 12100
SUM Assured (10 Yrs) 62500 125000 250000 500000 1250000 2000000 2500000
S.A. + DAB 125000 250000 500000 1000000 2500000 4000000 500000

LIC Table 165 maturity chart:

We see many maturity charts on internet or pamphlets shown by insurance agents but they are not issued by LIC of India. The calculation of maturity money is shown on their own assumption Many of the charts are seen with IRR @ 10% which is tentative, you never know what exactly the earning LIC will make. Comparing to other plans like Jeevan Anand, this plan does not reveal a bonus each year. The bonus will be included in your maturity if you stick with the plan for minimum 10 years. The first batch of this policy is going to get bonus declared in 2014, so it will also decide the future of this investment and the bonus trend.

Please note we have received several complaints regarding the fraud chart but that is just an assumption nothing else. Check your insurance documents before investing.

Comments

  1. Amit DwiwediJanuary 8, 2013 at 10:19 AM

    first of all, Thank you very much for the clarity on jeevan saral chart. I was also shown same chart but I was unsure about the maturity.mThanks again

    ReplyDelete
  2. AnonymousDecember 13, 2014 at 9:35 PM

    sir,
    all the policy holders should go to consumer court for fraud charts shown because these charts are disolayed in the premises of lic office and the lic administration keep silent on the issue and now they are telling that lic is ignorant.The pumplates carry lic monogram also with comparison with post office.I think LIC should consider to extend help to the policy holders to keep its noble image.I am also a suffere and contacted the lic office

    ReplyDelete

Post a Comment

Comments will be added once approved. Any comment violating the guidelines by adult content, spam, insulting other members etc, same will be not added

Popular posts from this blog

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. E
Read Full Blog »

How LIC Insurance can save tax?

-
INCOME-TAX RATES AND TAX BENEFITS FROM LIFE INSURANCE SOME IMPORTANT INCOME TAX BENEFITS AVAILABLE UNDER VARIOUS PLANS - The deduction allowed for Income payment of Life Insurance Premium (Sec. 80C). (a)     Before the 31st day of March 2012, exemption of 20% of capital sum assured a or premium paid whichever is less will be provided to the policyholder if the Life insurance policy purchased for himself or for the spouse or any child of the policyholder. (b)    After the 1st day of April 2012, exemption of 10% of capital sum assured a or premium paid whichever is less will be provided to the policyholder if the Life insurance policy purchased for himself or for the spouse or any child of the policyholder. the exemption will be provided to the policyholder if the insurance on the life of any person is— (i) A person with a disability or a person with a severe disability as referred to in section 80U, or  (ii) Suffering from disease or ailment as specified in the rules made
Read Full Blog »

How to register banking complaints online with RBI’s banking Ombudsman ?

-
  The client, loan specialist, or borrower of any bank has the right to complain to the banking ombudsman by filling complaint form on the bank's official website. if he is observing any misleading or discrimination in his records. He has the right to call or email his concern issue to the system’s central repository for complaints or further inquires.  RBI : Reserve Bank ofIndia also known as banker’s bank  BO: stands for Banking Ombudsman. The main purpose of BO is to address the customer's complaints, investigates, walk through the process of resolving disputes, and ensure the accuracy of the customer’s record or card-related complaints.  CIBIL:     It stands for Credit Information bureau of India Limited . The main purpose of the company is to collect, maintain and review the credit information of an individual.TransUnion company collects and record data submitted by bank or lender on monthly basis. A good CIBIL report is necessary for the approval of loans from the
Read Full Blog »