Jeevan Saral

Jeevan Saral

Example: Mr. Raj is 25 years old and is working in auto industry. He opts for jeevan saral plan for 15 years term and chooses monthly basic premium of Rs.1000/- after adding DAB premium of Rs.1021 (1000 x 250 = 250,000 x 1/1000 x 1/12 = 10 + 1021). On maturity he will receive Rs.4,44,397/- (as maturity sum assured (MSA) + Loyalty Addition which will be decided by the corporation.) If he dies after 4 years, his nominee will get Rs.1,25,000 (250 x 500) + premium paid for 4 years - first year premium = 2,55,250 + 49,008 - 12,252 = 2,92,006/- + Loyalty Addition, if any.

SPECIAL FEATURES:

• High risk cover at low premium


• Death Benefit 250 times of monthly premium


• Bouble risk cover in case of Accidental Death


• 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

OTHER ELIGIBILITY CONDITIONS:

• Premium : Minimum premium of Rs.250/- per month for entry age up to 49 years and Rs.400/- per month for entry age 50 years and above.


• No Limit for the maximum premium per month.


• Mode : Yearly, Half-yearly, Quarterly and Monthly under Salary Saving Scheme


• In case of term rider, minimum and maximum age at entry will be 18 and 50 years respectively.


• Further minimum sum assured will be Rs.1 lakh.

Please Contact for more Details on this Policy

Harish Tiwari (Authorised LIC Agent): 9212201725, 9899615363