LIC’s Cheapest Plan Jeevan Saral is a unique plan having good features of the conventional plans and the flexibility of
unit linked plans. To the policyholder it provides –
a lot of flexibility
250 times the monthly premium, plus
return of premiums excluding extra/rider premium and first year premium, plus
the loyalty addition, if any.
Maturity sum assured, plus
The Loyalty Additions, if any
High risk cover at low premium
Extended risk cover for one year after 3 years premium payment.
Optional higher cover through Term Riders
The policyholder can choose a maximum term but can surrender at any time without any
surrender penalty or loss after 5 years
Any number of withdrawals through partial surrendering
OTHER ELIGIBILITY CONDITIONS:
Premium : Minimum premium of Rs.250/- per month for entry age upto 49 years.
and Rs.400/- per month for entry age 50 years and above.
The maximum premium will be Rs.10,000/- per month.
Mode : Yearly, Half-yearly, Quarterly and Monthly under Salary Saving Scheme
In case of term rider, minimum and maximum age at entry will be 18 and 50 years respectively.