Partager l'article ! Endowment Assurance Plan- LIC Jeevan Saral: The life insurance corporation of India also called as LIC is the largest owned insurance company in ...
The life insurance corporation of India also called as LIC is the largest owned insurance company in India. LIC Jeevan Saral is a mutual agreement between the policy holder as well as insurance company. It is a unique plan which provides flexibility of unit
linked plans. In this plan the policyholder gets 250 times monthly premium plus total premium paid and along with Loyalty Additions.
The LIC Jeevan Saral plan is endowment assurance plan where the policy holder selects the sum of money and style of payment. The premiums are paid yearly, half yearly, monthly, quarterly or through salary deductions. The Jeevan Saral is awarded as golden peacock award policy.
For the policy holder it provides
Lot of flexibility
There are basically two types of plans in LIC
Unit linked plan and conventional plan
Jeevan Saral LIC is a unique plan which offers the best features of a conventional plan and a unit linked plan in one plan.
The LIC jeevan saral has several features:
1. It provides high cover risk at low premium.
2. In this the policyholder has the option to select maximum term of policy and can be surrender any time.
If you are in need of money then you can partially surrender the policy. In partial surrender one can virtually break policy into multiple policies. You can use this policy as flexible money back policy.
The Jeevan Saral LIC provides financial protection against death throughout the term of the plan.
The LIC jeevan saral has several benefits:
1. Death benefit
2. Maturity benefit
3. Extra benefits
In death benefit 250 times the monthly premium along with Loyalty Additions are allocated in a lump sum on the death of life assured.
In Maturity benefit it offers Maturity Sum Assured plus with Loyalty Additions is payable in a lump sum.
In case of Surrender value it provides surrender value in case of early termination of LIC contract by the policyholder.
This plan has special age parameters:
Minimum age is 12 years and maximum age is 60 years. The maximum maturity age is 70 years. In LIC jeevan saral minimum term of period is 10 years and maximum is 35 years. Minimum premium to be paid for age 12- 49 is 250/- per month, for age falling between 50 to 60 years the minimum premium is 400 p.m. and maximum premium is 10,000 can be given.
Jeevan saral LIC provides Periodical Guaranteed cash back offer and you can returns of premium along with Loyalty Additions.
Some also features of this plan are:
1. This plan is money back plan.
2. It is education plan
3. Jeevan saral is a premium reducing plan.
4. It is pension plan
5. It is all in one policy with any time maturity
6. In Jeevan saral money you can get the money back every year and can get money as you require.
The lic jeevan saral is a profit plan but the bonus won’t be declared each year as other plans. The loyalty addition is payable only when a policy is surrender. In death claim all premiums paid will be refunded.
For more information visit LIC Jeevan Saral