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Lic Jeevan Saral
VS
Lic Hindi
| PLAN DETAILS |
Lic Jeevan Saral |
Lic Hindi |
| Premium Including GST | ||
| Key Features (Key features of the plan) |
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| Plan Uniqueness |
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| Plan Maturity age | Maximum Maturity Age - 70 years | Maximum Maturity Age - 85 years |
| Premium payment term | 10 to 35 years | 10 to 25 years |
| Plan Entry Age | Minimum Age - 18 years Maximum Age - 65 years | Minimum Age - 90 days Maximum Age - 70 years |
| Sum assured | Rs 5 lakhs to Rs 25 lakhs | Rs 1 lakhs to No limit |
| Premium payment frequency | Annual, half-yearly, quarterly & monthly | Annual, half-yearly, quarterly & monthly |
| Plan Sample Premium | - | - |
| Plan Brochure | Brochure URL | Brochure URL |
| Policy tenure | Minimum - 10 years, Maximum - 35 years | Minimum term - 10 years Maximum term - 25 years |
| Claim Settlement Ratio (2024-25) | 98.5% | 98.5% |
LIC Jeevan Saral is an Endowment Assurance plan where the proposer chooses the premium amount and mode of payment. The plan provides financial protection in case of death throughout the policy term. The death benefit is directly related to the premiums paid. The Maturity Sum Assured depends on the entry age of the life assured and is payable upon survival to the end of the policy term. It also offers flexible terms and liquidity.
Under this plan, the insured person decides the premium amount and will receive approximately 250 times the monthly premium as Sum Assured. If the insured survives the entire tenure, they will receive the Maturity Sum Assured plus Loyalty Additions. The Maturity Sum Assured depends on different entry ages and policy terms, and is specified at the beginning of the policy.
If the insured dies within the policy tenure, their nominee will receive the Sum Assured plus return of premiums (excluding first-year and extra/rider premiums), along with any Loyalty Addition.
LIC Saral Jeevan Bima Plan offers a range of benefits, including:
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