LIC’s New Jeevan Saral Monthly Recurring Scheme ATM Plan

LIC’s New Jeevan Saral Monthly Recurring Scheme Jeevan Saral ATM Plan Table No 165. Jeevan saral policy by Lic of India which is also called ATM plan. Jeevan Saral has won a Golden Peacock award. Jeevan saral is a Monthly Recurring Life Insurance Plan by Lic of India where you get 250 times monthly premium + total premium paid + LA if any in case of death and on maturity you get a lumpsum amount which is 100% tax free.

Limits                 Term         Age            Sum Assured

Minimum          10               12               62500

Maximum          35              60               No Limit

Premium Ceasing Age : 70         Premium Ceasing Term : 0
Table no 165  Plan Highlights
Cheapest LIC’s New Jeevan Saral Monthly Recurring Type Saving Schemes/ Plan Life Insurance is a unique plan having good features of the conventional plans and the flexibility of unit linked plans. To the policyholder it provides -
Higher Cover,
smooth returns,
liquidity and
a lot of flexibility Savings
BENEFITS:
On Death:
250 times the monthly premium, plus
return of premiums excluding extra/rider premium and first year premium, plus the loyalty addition, if any. ATM Facility avail.
On Maturity:
Maturity sum assured, plus
The Loyalty Additions, if any
SPECIAL FEATURES:
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.
No Limit for the maximum premium 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.
Further minimum sum assured will be Rs.1 lakh. Flexibility to increase/ decrease premium & withdraw money according to your needs. Save Tax upto Rs.33390.The Best and Most Popular and most sellable Product/ Policy of LIC is Jeevan Saral.

You will make Comparision Betweem Post Rd Acoount V/s  LIC Jeevan Saral.

• To View Examples/ Illustrations on Jeevan Saral Click here
• Download ECS Form for your Jeevan Saral Click here

Contact us for free Examples quotes review/ Charts/ calculations/ Plan Presentations etc on LIC’s New Jeevan Saral Monthly Recurring Type Schemes ATM Plan Life Insurance policy. Our LIC of India Authorised Agent/ Insurance Advisor/Consultant will Contact you within 24 hrs. Learn here how to earn maximum return on your investment. Systematic Withdrwal and Systematic Investment means SIP and SWP both the benefits are available in LIC Jeevan Saral Plan Brochure.

LIC Jeevan Nischay

Jeevan Nischay (Plan 199): LIC’s New Jeevan Nischay Single Premium One Time Guarnteed Return Investment Plan only for exisiting policy holders.

Details of the Plan 199 are as follows: It has been decided to introduce ‘LIC’s JEEVAN NISCHAY, (Plan No. 199) a closed ended plan which would be open for sale from 29th October 2009 till 31st March 2010. This plan shall be offered only to our existing policyholders.
Benefits:
LIC’s Jeevan Nischay is a single premium assurance plan with Loyalty Additions, if any. It shall be offered, without any medical examination, only to the existing policyholders of the Corporation whose previous policies have been accepted at standard rates and have at least one policy inforce.
· Death Benefit:
On death during the first policy year: 5 time the single premium excluding extra premium, if any.

On death during the policy term after first policy year, excluding last policy year: Maturity Sum Assured

On death during last policy year: Maturity Sum Assured along with loyalty addition, if any.
· Maturity Benefit:
On maturity: the Maturity Sum Assured along with Loyalty Addition, if any, shall be payable. Maturity Sum Assured would depend upon age at entry for a fixed amount of premium.

1. Eligibility Conditions and Restrictions
a) Minimum Entry Age : 18 years (completed)
b) Maximum Entry Age : 50 years (nearest birthday)
c) Minimum Single Premium : Rs. 10,000
d) Maximum Single Premium : Rs. 10,00,000
The Premium shall be in multiples of Rs. 1,000/-.
e) Policy Term : 5, 7 and 10 years
f) Minimum / Maximum Maturity Sum Assured : There is no specific minimum and maximum Maturity Sum Assured. It will depend on the single premium paid.

Contact us for free quotes review/ Charts/ Calculations/ Plan Presentations etc on LIC’s New Jeevan Nischay/ Nischay Single Premium Guaranted return Type Schemes Plan Life Insurance policy. Our LIC of India’s Authorised Agent/ Insurance Advisor/Consultant will Contact you within 24 hrs.

Jeevan Saathi Plus ULIP

LIC’s Jeevan Saathi Plus (Plan 197): This is a unit linked Joint Life plan wherein a couple can take insurance cover on their lives under a single policy. The proposer under this plan shall be called Principal Life Assured (P.L.A.) and the other life (wife/husband) shall be called Spouse Life Assured (S.L.A.).

Benefits:

· Custom Individual Risk Cover: Option to choose separate amount of risk cover for your self & your spouse
· Combined Risk Cover up to 30 times of the annualized premium can be opted.
· Premium payment modes: Single, Yearly, Half yearly, Quarterly or Monthly (ECS).
· Top-up premium option available.
· Choose your investment risk by investing in any of the 4 funds – BOND, SECURED, BALANCED or GROWTH
· 4 FREE fund switches in a year & there after with nominal charges.
· Liquidity: Partial Withdrawal option available.
· Premium Waiver Benefit: In event of Proposer’s (PLA) death, future premiums are waived & an amount equal to all future premiums is added to fund.
· Auto Cover option available after 3 years
· Settlement option: Maturity benefit can be taken in lump sum or in installments (Half-yearly or Yearly).

Terms and condition:

Minimum Premium:
Regular Premium Policies:
o Rs.10, 000 p.a. (other than monthly (ECS) mode), increasing thereafter in multiples of Rs. 1, 000.
o Rs.1, 000 p.m. for monthly (ECS) mode, increasing thereafter in multiples of Rs. 250.
Single Premium Policies: Rs. 40,000, increasing thereafter in multiples of Rs. 1,000.

No Limit for Maximum premium

Minimum Sum Assured:

Regular premium policies: 5 times the annualized premium for each of Principal Life Assured and Spouse Life assured.
Single premium policies: 1.25 times the single premium for each of Principal Life assured and Spouse Life assured.

Maximum Sum Assured:
· Inclusive of both Principal Life Assured and Spouse Life assured
Regular premium policies:
o 30 times the annualized premium if age at entry for both the lives is upto 40 years
o 20 times the annualized premium if age at entry for any one of the lives is 41 years and above

· Single premium policies:
o 5 times the single premium if age at entry for both the lives is upto 40 years
o 2.5 times the single premium if age at entry for any one of the lives is 41 years and above

Further the sum assured for the spouse shall be less than or equal to the sum assured of P.L.A. subject to the minimum sum assured condition.
The Sum Assured shall be available in multiples of Rs. 5,000. Where the minimum Sum
Assured is not in the multiples of Rs. 5,000 it will be rounded off to the next multiple of Rs. 5,000. To the extent of rounding off, the maximum Sum Assured condition shall not be applicable. Flexibility to increase/ decrease premium & withdraw money according to your needs. Save Tax upto Rs.33390.

Check todays latest Value of LIC Jeevan Saathi NAV Click here.

 FAQ’s on Life Insurance here.

Contact us for free quotes, Charts, Reviews, Presentations, Calculations, Combinations, on LIC’s New Jeevan Saathi Plus ULIP Life Insurance Policy. Our LIC of India’s Authorised Agent/ Insurance Advisor consultant will online councilling/ Contact you within 24 hrs.