Jeeval Saral Free Presentation

The following presentation gives the features, benefits for a person aged 30 years if he takes the LIC's JEEVAN SARAL policy.

 

JEEVAN SARAL

Proposer         : Mrs. X                                            Age: 30 years.

Nominee         : Mr. Y.                                            Age  34 years.

Term               : 20 years.

Policy Premium:  Rs. 1071 (Qly – Including Double Accident Benefit)

Key Features:

• This is a Premium based policy rather than sum assured based policy.  The premium amount can be chosen by the policy holder.
• Here the Maturity Sum Assured is calculated based on the premium paid. 
• This policy comes with the facility of unit linked policies. 
• Partial withdrawals are allowed after three years of payment.
• Auto Cover facility is provided after three years of payment.
• Attractive surrender value.

Maturity Benefits:

            In this case the maturity benefit will be 95,707 + Loyalty Addition, if any.

Death Benefits:

            250 times the monthly basic premium (Rs. 87500 /-) + return of the premiums paid (excluding the first year premium and extra rider or premium) + Loyalty Additions, if any.

Surrender values:

            80% of Maturity Sum Assured are paid if the premium has been paid for 3 – 4 years.

            90% of Maturity Sum Assured are paid if the premium has been paid for 4 – 5 years.

            100% of Maturity Sum Assured are paid if the premium has been paid for more than 5 years + Loyalty Additions, if any.

 

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