Life Company of India affords a number of plans like Bima Ratna, Jeevan Azad, Jeevan Saral and plenty of extra. All of them supply a number of advantages for people’ and households’ monetary wants. 

LIC Jeevan Saral Coverage is an endowment plan that gives a mix of financial savings and safety to the policyholders. LIC Jeevan Saral program affords advantages comparable to tax financial savings, and mortgage availability.  

Within the occasion of the unsure dying of the policyholder, it affords monetary safety to their household. The dying profit consists of the sum promised plus any related terminal bonuses and reversionary bonuses, if any. By doing this, the policyholder’s household is ensured monetary stability even of their absence.

One other benefit is the assorted premium cost choices provided by the plan. Policyholders can select between annual, half-yearly, quarterly, or month-to-month premium funds based mostly on what’s most handy for them.

LIC Jeevan Saral Coverage: Options and advantages

• Further riders
• Premium
• Loyalty profit
• Unintended Loss of life and Incapacity Profit Rider 
• Maturity profit
• Particular give up

LIC Jeevan Saral Coverage: Calculator
As an illustration, a 30-year-old particular person applies for the coverage with a sum assured of Rs. 10 lakh and a tenure of 15 years for premium funds and chooses a coverage time period of 20 years. The policyholder will obtain a maturity cost of Rs 15.5 lakh after years. 

This contains the Rs 10 lakh assured quantity and the Rs 5.5 lakh bonus. A dying advantage of Rs 15.5 lakh could be paid to the policyholder’s nominee within the unlucky occasion of his passing.