lic of india jeevan saral policy details, lic insurance policy details

LIC Jeevan Saral | LIC ATM Plan | Table No. 165 LIC India, Jeevan SaralLife Insurance Corporation of India. Jeevan Saral policy comes with high risk cover and low premiums. This plan is also known as ATM Plan, one can withdrawal partial or full maturity amount after policy completing 10 years. LIC Jeevan Saral is composition of unique features with financial protection against death throughout the term of the policy. This Policy has minimum term period of 10 years and policy holder can still continue further if wishes. Death benefits is directly related to premiums and being a with profit plan, maturity benefit also includes loyalty additions, if any. lic agent for LIC policy LIC Agent, Chennai, India. Contact-9940240384 New lic policy.

 Jeevan Saral-Features: LIC’s Jeevan Saral is a unique plan having good features of the conventional plans and the flexibility of unit linked plans. To the policyholder it provides —

  1. higher cover
  2. a smooth return,
  3. liquidity and
  4. a lot of flexibility

BENEFITS:

  1. On death:
  2. 250 times the monthly premium, plus
  3. return of premiums excluding extra/rider premium and first year premium, plusthe loyalty addition, if any.
  4. On Maturity:
  5. Maturity sum assured, plus
  6. The Loyalty Additions, if any

Special Features:
 High risk cover at low premium

  1. Extended risk cover for one year after 3 years premium payment.
  2. Optional higher cover through Term Riders
  3. The policyholder can choose a maximum term but can surrender at any time without any surrender penalty or loss after 5 years
    1. Any number of withdrawals through partial surrendering

ELIGIBILITY CONDITIONS AND OTHER RESTRICTIONS:

    1. Age at entry : Minimum 12 (completed) and maximum 60 years nearest
    2. Age at maturity: Maximum 70 years.
    3. Term : All terms from 10 to 35 years.
  1. remium : Minimum premium of Rs.250/- per month for entry age upto 49 years and Rs.400/- per month for entry age 50
  2. years and above. There will be no limit on the maximum premium per month.
    1. Mode : Yearly, Half-yearly, Quarterly and Monthly under Salary
    2. Saving Scheme
    3. In case of term rider, minimum and maximum age at entry will be 18 and 50 years

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