Free Quotes From Top Companies. I am ok to bypass suitability analysis and wish to proceed further. It is basically an Endowment Assurance plan under which the proposer has simply to choose the amount and mode of premium payment. The plan comes out with the needful financial protection support death throughout the term of the plan.
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Free Quotes From Top Companies. I am ok to bypass suitability analysis and wish to proceed further. It is basically an Endowment Assurance plan under which the proposer has simply to choose the amount and mode of premium payment.
The plan comes out with the needful financial protection support death throughout the term of the plan. The death benefit is directly related to the premiums paid. The Maturity Sum Assured depends on the age at entry of the life to be assured and is payable on survival to the end of the policy term. It also offers the flexibility of term and a lot of liquidity. The Maturity Sum Assured depends on different entry ages and policy term and is specified at the beginning of the policy. Thus, the Death Benefit would be the same irrespective of the age of entry and policy term since it depends only on the chosen premium amount but the Maturity Benefit would differ according to the varied age of entry and policy term.
It offers certain flexibilities unlike other endowment plans and hence is a Special Plan. Maturity Benefit. Income Tax Benefit. Premiums paid are exempted from income tax-free for Jeevan Saral policy under Sec 80 C. The maturity proceeds of Jeevan Saral are also exempted from tax under Section 10 10D.
An additional premium is required to be paid for these benefits. Premiums are payable yearly, half-yearly, quarterly, or monthly through salary deductions as opted by you throughout the term of the policy or till earlier death. Loyalty Additions. 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. Guaranteed surrender. This policy can only be surrendered after the completion of 3 years. Buying a life insurance contract is a long-term commitment. Surrender values are available on earlier termination of the contract. The surrender value will be the greater of the guaranteed surrender value and special surrender. Optional high cover through term rider and accidental disability and death benefit is also available.
In case you stop the premium payment- If you stop the premium payment after 3 policy years then the policy would be able to acquired a Paid Up Value for a Reduced Sum Assured but the policy would be eligible for any future regular additions. If the Life Insured under the Policy, whether medically sane or insane, commits suicide, within one year of the date of issuance of the Policy,the Policy shall be void and the Company will only be liable to pay the premiums paid till date.
In order to avail this policy the assured needs to provide with a umber of documents. The policyholder also needs to provide with medical details along with address proof and KYC documents. In some specific cases medical tests may also be required depending upon sum assured and the age of the assured.
TollFree No. LIC Jeevan Saral. YYYY Select Male Female. Phone No. LIC Jeevan Saral - Key Features It offers certain flexibilities unlike other endowment plans and hence is a Special Plan The policyholder is allowed to select the premium amount and Sum Assured gets determined thereafter The policy will allow partial surrender from 4th year onwards subject to certain terms and conditions Under the same, the policyholder would be liable to choose a flexible term for premium payment Premium is chosen by the policyholder and Sum Assured is times the Monthly Premium amount.
Partial surrender of the policy is allowed after the 3rd policy year. You will get the extended risk cover for one year after 3 years premium payment. You can select a maximum term but can surrender at any time without any surrender penalty or loss after 5 years. Minimum Maximum Sum Assured in Rs. For Age 12 to 49 years: Rs. Scenario 1Amount payable at the end of year on death during the year Rs. Scenario 2Amount payable at the end of year on death during the year Rs. Last updated on Guaranteed Amount payable at the end of year on death during the year Rs.
LIC Jeevan Saral (Plan No: 165) Maturity Calculator
Jeevan Saral Plan is a popular insurance plan with some special features which makes it one of the most flexible conventional insurance plan from LIC of India. As the plan was withdrawn from the sale, you cannot purchase it anymore. But all the policyholders who have purchased it before the withdrawal date will continue to enjoy the benefits of the policy. Read complete details of Jeevan Saral Plan.
LIC Jeevan Saral Plan (Table 165) – Review, Benefits & Features
Due to the high flexibility, it offers to the customer, it is often referred to as a conventional plan, with the flexibility of Unit Linked Plans. High insurance coverage and liquidity are the highlights of the plan. And hence you cannot purchase it anymore. But all the policyholders who have purchased it before the withdrawal date will continue to enjoy the benefits of the policy. Premium and Benefits Calculator for LIC Jeevan Saral is a powerful tool to understand all the benefits of the plan in a simple and comprehensive way. You can provide parameters such as age, basic monthly premium, riders etc based on your own needs to get all the details of the plan including, insurance coverage surrender value maturity benefit etc. This online calculator can be used in mobile platforms also and do not need any installations.
LIC Jeevan Saral Maturity Calculator
Both traditional, as well as market-linked insurance plans, are offered by LIC. The policy, however, has been withdrawn by the company. However, the company offers several life insurance plans, some of them combined with attractive investment options that make for a great overall package. The list of plans along with their briefly explained features can be found here. We at Turtlemint also offer a number of life insurance plans combined with investment options suited to your personal needs. Click the link below to browse the most relevant plans at attractive premiums. Buy Insurance Plans Now.