Life Insurance Corporation of India

Jeevan Saral – Best Plan of LIC

LIC’s New Jeevan Saral Monthly Recurring Scheme (ATM Plan)

Benefit of LIC Scheme

• LIC Monthly Recurring type Scheme
• This is like a Post office or Recurring Deposit Scheme. You can deposit Yearly, Hly, Quarterly or Monthly (ECS) in LIC scheme
• Maturity received in LIC scheme is Tax Free under section 10-10d of income Tax act.
• You can withdraw partial of full amount if necessary after 10 years.
• The amount deposited in LIC is exempted under section 80c of income Tax act.
• You can continue LIC scheme after 10 years.
• In case of death 250 times monthly premium + Total Premium paid – (1st years premium & Extra premium paid ) + LA if any payable.
• If you forget to take maturity at the end of 10 years, You can get return beyond 10 years in LIC scheme. This is not available in Post office scheme.
• Higher Cover, smooth returns, liquidity and a lot of flexibility Savings

Death Benefit:

250 times the monthly basic premium + return of premium paid (excluding extra/rider premium and 1st year premium) + Loyality additions, if any.

Accidental Death Benefit:

500 times the monthly basic premium + return of premium paid (excluding extra/rider premium and 1st year premium) + Loyality additions, if any.

Maturity Benefits:

Maturity S.A. + Loyality Additions, if the policy was in force for a minimum of 10 policy years.

SPECIAL FEATURES:

• 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
• Income Tax Benefit on the premium paid
• You Can consider this policy as recurring deposit with 8-10%
• Periodical Guaranteed Cash Back
• Any Time Maturity
• Return of Premiums with Loyalty Addition
• Withdraw as per your NEED
• Pay as per your CAPACITY

ELIGIBILITY CONDITIONS:

Minimum Age at Entry : 12 years

Maximum Age at Entry : 60 years

Maximum Maturity Age : 70 years

Minimum Term : 10 years

Maximum Term : 35 years

For Age 12 to 49 years : Minimum Premium is Rs.250/- p.m.

For Age 50 to 60 years : Minimum Premium is Rs.400/- p.m.

Mode of Premium : Yearly, Half-Yearly, Quarterly, Monthly

Accident Benefit & Disability is allowed (with extra premium)

Standard age proof required.

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