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This plan seems to be complete insurance plan from LIC of India. It contains the features of customary plan and the flexibility of the unit joined plans. Jeevan Saral offers higher insurance cover, fast returns, and some form of fluidity. This plan is more accurate for employees especially for those who are seeking life insurance through a saving salary scheme. Jeevan Saral is a monthly periodical life insurance plan by LIC of India where you get 250 times the monthly premium plus loyalty additions. Under this plan you are free to choose the premium you want to pay. Once you select the premium, insurance cover is traced from it for your benefit. Salient features of Jeevan Saral are: 1. During the policy term if the death of the policyholder happens, an amount equal to the term assurance sum assured is payable . 2. After payment of premium for three years extended risk cover is available for one year. 3. You can do any number of partial withdrawals through partial surrendering. 4. At some low premiums low risk is available. 5.Jeevan Saral is the first policy which offers 250 times of primary monthly premium with premium return plus additional loyalty, children who are between age 1 to 12 years are desirable. Benefits of Jeevan Saral: Benefit in case of death: 250 times the monthly premium together with fidelity additions, if any, and return of premiums leaving out first year premiums and extra/rider premium, if any, is payable in lump sum on death of the life assured during the policy term. Maturity Benefit: The value at the end of the term is the sum assured and the fidelity additions. Also there are additional benefits which can be used by paying excess premium. Jeevan Saral provides 250 times the monthly premium in case of unexpected death of the policy holder, which is one of the highest in the industry. Surrender Value: your policy can be surrendered after a minimum three years premiums have been paid. Surrender Value will be more than Guaranteed Surrender Value Guaranteed Surrender Value: Guaranteed Surrender Value will be equal to 30% of the total premiums paid (excluding the 1st year premium plus all the extra premiums. Paid up Value: Jeevan Saral will acquire paid-up value if at least three years premium have been paid. Eligibility and conditions: Age at entry: Minimum age for entry 12 years (accomplished) and maximum 60 years to your nearest birthday. Age at maturity: Maximum age 70 years . Term: All terms from 10-35 years. Premium: Minimum Rs.250/- per month for entry up to 49 years and Rs.400/- per month for entry age 50 years and above. The premium shall be in multiple of Rs.50 per month. Jeevan Saral secures more like a continual deposit, this policy has more benefits like insurance and loyalty additions as well as unique death benefits and letting you choose the returns by choosing the premium payment option which no other policies or continual deposits offer. In this policy premiums almost decide the returns. Visit website for more information about jeevan saral policy and jeevan saral plan
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