Lics Jeevan Saral ATM Plan 165 details | Jeevan Saral Benefits - Chennai

Posted On: Jan-21-10 07:05

Lic's Jeevan Saral is the best policy in LIC Jeevan Saral. Product Summary: This is an Endowment Assurance plan where the proposer has simply to choose the amount and mode of premium payment.

LIC New Jeevan Saral Monthly Recurring Type Investment Schemes Life Insurance Plan Detail low premium high risk cover benefits

Jeevan Saral offers insurance with money liquidity and tax saving

Higher Cover,
smooth returns,
liquidity and
a lot of flexibility Savings

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


On death:

250 times the monthly premium, plus return of premiums excluding extra/rider premium and first year premium, plus the loyalty addition, if any.

On Maturity:

Maturity sum assured, plus Loyalty additions, if any.

The specimen Maturity Sums Assured (MSAs) per Rs.100/- monthly premium are given below for some of the ages and terms

Eligibilty and conditions:
Age at entry: Minimum 12 years completed and maximum 60 years nearest birthday.
Age at maturity: Maximum 70 years.
Term: All terms from 10-35 years.
Premium: Minimum Rs.250/- per month for entry upto 49 years and
Rs.400/- per month for entry age 50 years and above. The premium
shall be in multiple of Rs.50 per month.
Mode: Yearly/ Half yearly/ Quarterly and Monthly under Salary Saving Scheme.

Surrender value: the policy can be surrender after it has been in force for at least 3 full years. The surrender value will be the greater then guaranteed surrender value or special surrender value as given below:

Flexible term: the policyholder can choose a maximum term but can surrender at any time without any surrender penalty or loss.

Partial surrenders: the plan will allow partial surrender from 4th year onwards subject to certain conditions for which please refer to policy document. Due to existence of the flexible term and partial surrender the policyholder will enjoy a lot of liquidity under the plan. The plan also provides for 15 days free look period".

Optional rider: term assurance rider, accidental death and disability benefit rider is available by the payment of an addition premium.

Maturity sum assured (MSA): has to be calculated on the basic premium only, before mode rebate & death accident benefit.

Death benefit S.A. will be 250 times the monthly basic premium. To arrive at DAB we have to calculate death benefit S.A. e.g. if yearly premium is Rs.6000
The death benefit S.A. = 6000/12 x 250 = 1,25,000 for this DAB will be @ Re.1per thousand which come out to be Rs.125

Maturity benefit: Maturity sum assured (MSA) + Loyalty additions, if any

Death benefit: 250 times the monthly premium + Return of premiums
(Excluding extra/rider premium and first year premium),+ the Loyalty Addition, if any

Contact us for LIC New Policy Chennai Anywhere / lic policies review/ calculations/ Plan Presentations/ LIC's Jeevan Saral Monthly ATM Plan Life Insurance policy. Buy LIC's Jeevan Saral Chennai Contact 9940240384

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