LIC Jeevan Saral

LIC Jeevan Saral

Get Instant Quotes

(eldest member)


LIC Jeevan Saral Plan

LIC Jeevan Saral is an endowment plan where the policyholder has to simply choose between the amount and premium payment mode. This plan also provides protection against death throughout the term of the plan. Here the family of the assured is eligible to receive death benefits throughout the term of the policy, where the benefits are subject to the amount of premium paid. This plan offers double death benefit of sum assured along with return of premium. This policy offers a lot of liquidity and flexibility of term. 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.

Features of LIC Jeevan Saral


This policy provides multiple premium payment options. Premiums for this plan cane paid either annually, half-yearly, quarterly or monthly which can get deducted from his / her salary throughout the term of the policy.

Loyalty Benefits

LIC Jeevan is a plan with profits. It has a lot of benefits which add on to the profits of the insurance company. It offers profits to the policyholder in the form of loyalty benefits, which are terminal bonuses payable along with death benefit or maturity benefit. Loyalty benefits are paid from 10th year onwards based on the experience of the company.

Key benefits of LIC Jeevan Saral

Eligibility criteria and restrictions

Exclusions in Jeevan Saral Plan

If the Life Insured under the Policy, whether medically sane or insane, commits suicide, within one year of the date of issuance of the Policy,the Policy shall be void and the Company will only be liable to pay the premiums paid till date.

Documents required for Jeevan Saral Plan

In order to avail this policy the assured needs to provide with a umber of documents. The policyholder also needs to provide with medical details along with address proof and KYC documents. In some specific cases medical tests may also be required depending upon sum assured and the age of the assured.

*Information provided on this webpage/website is only for the purpose of general information & understanding of the topic. PolicyX or any of its subsidiaries does not endorse any of the information provided herewith and are committed in providing correct and unbiased information to its customers helping them make an informed decision.