LIC Jeevan Saral Plan

LIC Jeevan Saral Plan

LIC Jeevan Saral Plan
LIC Jeevan Saral Plan

What is LIC Jeevan Saral Plan, discuss in detail – LIC has launched the LIC Jeevan Saral Plan, which provides life coverage and a lump sum payout to the policyholder’s dependents and family members in the event of the policyholder’s untimely death. Customers can choose the premium amount and policy term with the LIC Jeevan Saral Plan. The death benefit will be paid to the nominee until the end of the policy term or in the form of a lump sum payout if the policyholder dies prematurely.It may be hard for policyholders to understand the benefits of LIC’s Jeevan Saral (Plan 165) because it has a lot of unique features that aren’t found in any other endowment-type plan.The Jeevan Saral – Complete Calculator can help you understand all of the benefits of LIC’s Jeevan Saral plan, including how long it lasts, how much insurance it has, and how much you can get back if you cancel.

Jeevan Saral (LIC Plan 165)–Features

* The policyholder can choose the premium amount, and the Maturity Sum Assured and Death Sum Assured are then calculated using the premium amount.

* The sum of 250 times the monthly basic premium (Death Sum Assured) + premium paid shall constitute death coverage (excluding the first year premium and rider premiums.)

+ Loyalty Enhancements (if any).

* The plan’s Maturity Amount is the sum of the Maturity Sum Assured (which varies depending on the plan’s age at entry and term) + Loyalty Additions (if any).

* The plan’s Maturity Amount is the sum of the Maturity Sum Assured (which varies depending on the plan’s age at entry and term) + Loyalty Additions (if any).

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* A term rider, as well as an accident benefit rider, are both offered (based on certain conditions and restrictions).

LIC’s Jeevan Saral Plan has a number of advantages – The Jeevan Saral Plan from LIC provides the following advantages:

. You can acquire a death benefit guarantee for the duration of your insurance. As a result, the plan ensures financial stability.

. Loyalty contributions increase the corpus and increase your returns.

. You have the ability to determine the amount you wish to invest under the plan because you can choose the premium.

. If you have paid at least three full years of premiums, you can surrender the plan. The surrender benefit is guaranteed and is calculated based on the number of premiums paid.

Eligibility for the LIC Jeevan Saral plan – The sum insured must be at least 250 times the monthly premium.

At the very least, the policy must last for 10 years.

You’ll get your money in multiples of Rs. 5000/-.

Calculator for LIC Jeevan Saral  – The Jeevan Saral plan from LIC is a helpful plan that provides policyholders with numerous benefits. Let’s look at how the plan’s death and maturity payouts are computed.

* The Jeevan Saral death benefit calculator -The death benefit under the plan is determined by the following formula: (250 * monthly premium paid) + Loyalty Additions paid on death = death benefit

* Calculator for Jeevan Saral’s maturity benefit – The maturity sum assured is determined by your age at the time of admission and the premium you have paid. It also depends on how long the policy has been in place.

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The benefit paid at maturity would be computed as follows:

Maturity benefit = guaranteed maturity plus loyalty bonuses

The benefit of surrender- At least three full years have passed since the policy was put into place. Then the policy can be given up. Thirty percent of all the premiums paid, excluding those for the first year and those for extras like accident benefits and term riders. This is how the Guaranteed Surrender value works.

A claim on the LIC Jeevan Saral Plan’s maturity benefits – Keep going with the plan until the end and you will get the maturity benefit when it comes to money when the term is over.In order to get the maturity benefit, you’d have to fill out a form and send it to LIC. You’d also have to send in the original policy document to make sure the claim process was done right.

In the event that you lose your original policy bond, you will need to file a police report and fill out an indemnity bond.

Based on the FIR and your indemnity bond, your claim would then be processed. The maturity amount would be added to your bank account. In the Jeevan Saral policy from LIC, you can choose how much money you want to invest and how much you want to get back. This is why you need to know what your insurance plan will do for you before investing in it. It’s important to know how much money you will get if you die, give up early, or the plan reaches its end. You can use a LIC Jeevan Saral calculator to figure this out. LIC’s Jeevan Saral calculator helps you figure out how much money you can make with the plan. It gives you an idea of how much money you can make with the plan.

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