LIC Insurance Plans

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 ...

LIC of India launched Jeevan Saral Plan in 2004. This is best ever plan since this plan has been in top individual sales in last few years. Let's have a review of this plan with a fair comparison to normal saving schemes available in markets. First and usual saving scheme we find in the market is normal saving banks accounts. Many banks also have started offering saving accounts with risk but probably may not give you risk cover and tax benefits as the Jeevan Saral policy provides. The second usual regular deposit scheme is Recurring Deposit know as RD. This can be a good option of saving regularly with great interest rates. But RD schemes do not have tax saving schemes and does not have any kind of risk covers. Term deposits are best to invest for better interest but one would require huge money to invest at a time. You can not take it as a regular deposit scheme. Provident funds are typically standing against this policy. PF are providing ...

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 ...