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Our Products Motor Insurance. Health Insurance. Life Insurance. Other Insurance. This plan has been withdrawn by the insurance company and is no longer available for sale. Hence it is categorized under Special Plans. In this plan, the premium amount is decided by the policyholder and he gets times the monthly premium as Sum Assured. 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 age of entry and policy term since it depends only on chosen premium amount but the Maturity Benefit would differ according to varied age of entry and policy term. This plan provides certain flexibilities unlike other endowment plans and hence is a Special Plan The policyholder can choose his own premium amount and Sum Assured gets determined thereafter The plan will allow partial surrender from 4th year onwards subject to certain terms and conditions The policyholder is allowed to choose a flexible term for premium payment Key Features of LIC Jeevan Saral Plan 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. Extended risk cover for one year after 3 years premium payment. You can choose a maximum term but can surrender at any time without any surrender penalty or loss after 5 years. Investment Period. Select City Mumbai, Maharashtra. Show premiums. Insurance Calculators. Leave a Comment. Show Comments. Company Information About Us. Connect with Us Contact Us Feedback. Quick Connect Phone: Email: contact myinsuranceclub.
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LIC Jeevan Saral Maturity Calculator
Buying an endowment plan? Here are two better alternatives. Reliance Life Insurance launches endowment plan with fixed returns. HDFC Life launches new endowment plan. Reliance Life Insurance launches super endowment plan. All rights reserved. For reprint rights: Times Syndication Service.
Jeevan Saral: Why you must evaluate endowment plans very carefully
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.