Life Insurance Corporation of India (LIC) has hundreds of policies available. Each plan has different benefits. They are taking plans for those who need them. Claim settlement ratio is also very high. So people’s trust in LIC has increased. But now we are going to introduce you the LIC scheme which has dual benefits. The name of this scheme is LIC Jeevan Saral. It is a non-linked life insurance policy. In this, customers can make savings along with care. That means you can get huge amount of cash at maturity along with death benefits.
This is the plan..
LIC Jeevan Saral Plan provides financial protection to the family in case of untimely death of the policyholder. Death benefit is sum assured plus reversionary bonuses, equal to terminal bonuses. This ensures that the policyholder’s family is financially secure even in their absence.
Another advantage of LIC Jeevan Saral Plan is flexibility in premium payment options. Policyholders have the option to choose the premium payment frequency annually, half-yearly, quarterly or monthly based on their convenience. Moreover, the plan also offers premium payment option through electronic modes, making it easier for policyholders to make their premium payments. Makes it convenient.
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LIC Jeevan Saral Plan is suitable for people looking for a combination of protection and savings. It is ideal for people looking for a long-term investment option with the added benefit of life insurance. This plan is also suitable for people looking for a convenient, flexible premium payment option.
One can visit the nearest LIC branch or speak to an insurance agent to apply for the scheme. Or can apply online by visiting LIC website. The process of applying for the plan is simple. is straightforward. Policyholders are required to provide basic personal and financial information to complete the application process.
See this example..
A 30-year-old man named Mahesh paid LIC Jeevan Saral Rs. Let’s say he applied with the sum insured of 10 lakhs. Premium payment period of 15 years. He chose a policy term of 20 years. After 15 years, Ravi’s maturity amount is Rs. 15.5 lakhs. In this the insurance amount is Rs. 10 lakhs, bonus Rs. 5.5 lakhs. If Mahesh dies unfortunately, his nominee will get a death benefit of Rs. 15.5 lakhs will be received.
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