Lic Jeevan Saral
vs
Smart Life Plan

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

Kotak SmartLife is a non-linked, participating life insurance plan. It provides an option to get cash bonus payouts from the end of the 1st policy year to look after immediate financial needs. Policyholders can use such bonuses to take care of their families in their absence.

Kotak SmartLife Plan is an endowment plan that enables the policyholder to achieve their life's financial goals while simultaneously ensuring the family's financial security in your absence. Let's take a look at some of the policy's characteristics.

Kotak Smart Life Plan offers you a range of benefits including:

• Death Benefit
• Survival Benefit
• Maturity benefit

• Surrender
• Grace period
• Availability of Riders