LIC Jeevan Saral Review and Details

Since 2004, when Jeevan Saral Policy launched by LIC of India, no plan has achieved such a great lead. Not only in the core market but also in all segments Jeevan Saral has been in demand. Premium just starts at 250, which is all time better to invest. Special surrender value up to 100% of premium back offer people low risk investment. What actually is the basis of 40% search on internet of Jeevan Saral? See below the major factors and benefits that make 40 thousand people search keyword related to Jeevan Saral. Jeevan Saral Plan is basically perfect saving cum term plan even if you do not have good financial background. The death benefits are directly related to the monthly premium. If the monthly premiums paid are Rs. 5000 / month, the sum assured will be 250*5000=12, 50, 000, plus the premium paid, plus the loyalty additions, if any, less first year premium and extra premium. Riders are available in this policy for accidental death benefits. For the case of monthly Rs. 5000 premium, if DAB paid Rs. 104, the accidental death benefits will include one more SUM assure and the risk cover will be 500 times of monthly premium. At the maturity the maturity sum assured along with loyalty additions, if any in lump sum. Being with profit plan, this policy shares the profits of the Corporation’s life insurance business. Loyalty additions are provided in term of bonuses in both death and maturity cases. In This policy bonuses would be provided after 10 years depending upon the experience of the Corporation. Guaranteed surrender value of 30% excluding first year premium  and extra premium will be paid as surrender value in the policy has been in force for 3 or more years. Special surrender value is applicable for Jeevan Saral and 100% of maturity SUM assured to be paid in case the policy has completed 5 or more years, 90% and 80% in case the policy has complete 4 and 3 years respectively.  In case of corporate insurance the surrender value would be higher than individual. This value will depend on the duration for which premiums have been paid and the policy duration at the date of surrender. Loan against Jeevan Saral policy is available after completing 3 years. The interest rate will be 9% and could be change at any time. Premiums paid under LIC Jeevan Saral Plan are tax excepted under 80c and the maturity amount received will also tax free under 10 10d.