Lic Jeevan Lakshya vs Lic Jeevan Saral

For the financial security of children and families, the LIC Jeevan Lakshya Plan (Plan No: 933) is the most suitable one. It is a collection of savings plus it covers the risk factor. It is a limited premium paying plan that is not at all linked and classified With-Profits Endowment Assurance plan. This plan started in March in the year 2015. In the case of the death of the policyholder, this plan will provide an annual income that could be beneficial to the family of the deceased. A lump sum amount is also given at the end of the maturity period regardless if the policyholder is alive or not. This plan is not available online so to buy this plan agents and brokers are to be contacted. One can even buy this plan by visiting the branch offices of the company or visiting their executives.

LIC Jeevan Lakshya Plan offers you a range of benefits including:

• Death Benefits
• Maturity Benefits
• Rider benefits

• High sum assured rebates
• Participation in profits

LIC Jeevan Saral is 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 to 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. It also offers the flexibility of terms and a lot of liquidity.

Under this plan, the premium amount will be decided by the insured person and he/she will get almost 250 times the monthly premium as Sum Assured. If the insured person survives the entire tenure then he/she would be liable to receive Maturity Sum Assured + Loyalty Additions. The Maturity Sum Assured depends on different entry ages and policy terms and is specified at the beginning of the policy.

Now, if the case where the insured dies within the policy tenure then his nominee would receive the Sum Assured + Return of premiums excluding extra/rider premium and first-year premium + Loyalty Addition if any.

LIC Saral Jeevan Bima Plan offers you a range of benefits including:

• Maturity Benefits
• Death Benefits
• Home Loan Surety

• Loan Facility
• Loyalty Additions