LIC Jeevan Saral policy: Invest once and get up to 15.5 lakhs, know the benefits and features!

PC: The Hindu

Life Corporation of India offers various plans like Bima Ratna, Jeevan Azad, Jeevan Saral, and many more. All of these offer multiple benefits for the financial needs of individuals and families.

LIC Jeevan Saral Policy is a plan that offers a mix of savings and protection to the policyholders. LIC Jeevan Saral program offers benefits like tax savings and loan availability.

In the event of the uncertain death of the policyholder, it provides financial security to his family. Death benefit includes the promised amount and associated terminal bonus and reversionary bonus, if any. By doing this, the family of the policyholder is assured of financial stability even in their absence.

Another advantage is the various premium payment options provided by the plan. Policyholders can choose between annual, half-yearly, quarterly, or monthly premium payments that are most convenient for them.

LIC Jeevan Saral Policy: Features and Benefits

• Additional rider
• Premium
• Loyalty benefit
• Accidental Death and Disability Benefit Rider
• Maturity benefits
• Special surrender

LIC Jeevan Saral Policy: Calculator

For example, a 30-year-old man applies for a policy with a sum assured of Rs. 10 lakhs and chooses a tenure of 15 years and a policy term of 20 years for premium payment. The policyholder will receive a maturity payout of Rs 15.5 lakh after years.

This includes a sum assured of Rs 10 lakh and a bonus of Rs 5.5 lakh. The nominee of the policyholder will be given a death benefit of Rs 15.5 lakh in the unfortunate event of his/her death.