9 Replies to “How is LIC Jeevan Saral Plan, Pls. mention details features…. Is it worth tobuy this plan or should go 4 SIP?”

  1. Just Go for SIP
    Make some Family Medi claim up to 5 lakhs and Accidental Death Coverage .
    Do not make any more Insurance policy.

    Lowest Chirpiest Medi claim is Star Health . With a 5 Lakh Family coverage premium will be 7500 for 2A one Child,



  2. Hi
    This is only insurance plan with good returns like insurance your monthly saving if u take Rs. 1000 monthly plan u got Rs. 2,50,000/- sum assured & with accidental 2,50,000/-(total Rs. 5,00,000/-) Rs. it is best plan for monthly saving & insurance u may will make this plan is pansion plan. it is good investment for long term.This is a with-profits plan and participates in the profits of the Corporation’s life insurance business. It gets a share of the profits in the form of loyalty additions which are terminal bonuses payable along with death benefit or maturity benefit. Loyalty Additions may be payable from the 10th year onwards depending upon the experience of the Corporation.
    in this policy u get 6-10% intrest yearly but after 10 years & also one future in this plan your insurance sum assured growth every year(add per anum premium). its refund tax free & also every u got tax rebait policy amount.



  3. It is a very good plan and you will get returns of around 10% to 12% with this policy. You can also consider this plan as pension plan. This plan is awarded as a Golden Peacock plan. There are many other benefits of this plan.


  4. LIC jeevan saral is a very good plan but ot depends on your needs. I’ll suggest you to check the features of Jeevan anand also.. then decide the plan.


  5. You can find the details on http://www.licindia.in/special_plan_001_illustration.htm

    You are getting 2 products – Death insurance and investment

    On average one can say that death risk insurance is for Rs. 1.50 lacs. The premium for death risk only cover is Rs. 830/- per year.

    Balance amount (Rs. 3874/-) is towards investment. If you invest this money in a bank for 25 years @ 8.5 percent you will get Rs. 3,30.663/-. This is assured and there is no problem.

    Jeevan saral gives you assured of Rs. 215200/- and max of 426200/-. Max is on market conditions. As the world still faces the recession, it can be 215200/-. If you want to make money in equities go for mutual fund. They will give you more than 10 lacs in the similar market conditions.

    There are no other risks.also – if you fail to pay the amount with 3 years you lose the whole amount. If you stop putting the money in the bank within 3 years there is no risk. You still earn all the interest and get back you money as well.If you fail to pay the money any time upto 10 years – you do not even get your money back.

    All life insurance policies are like that. The reason is that a major portion of your premiums is paid as commission to agents and rest is administrative expenses of insurance company which are also huge.

    SIP is simply a mutual fund. There are other mutual funds who are doing better than LIC. But overall there is no reason to compare SIP with Jeevan Saral. Both have a different degree of risk. You should compare only similar products. So far mutual funds are concerned I personally feel that in next 5 to 10 years there will be much bigger problem the market will not only crash but there may be new markets and these markets may simply close, if the govt manages the things in the same fashion.

    Nobody is advising SIP because they do not get commission. The assured return is kust 1 or 2 % and not 10 to 12 % as projected in Jeeval saral.


  6. Hi Anita,
    What is your requirement, you need to first ascertain that.
    If you need insurance then there is no need for you to think of SIP or MF. Do you have adequate insurance cover. Following are the factors for you to measure how much insurance you have.
    10 times of your yearly income as Life Insurance cover.
    Health insurance for you and your family to the tune of about 10 Lakhs.
    Childrens plan based on the goal that you have set for yourself.
    if the above are taken care of then go for SIP. Otherwise your only option is insurance.
    Its not safe to talk about any brand or company on a forum, but I am sure if you explore more you will get to know things that exactly match your requirement and hence are best.


  7. Hi,Friend first what u want made a elaborate discussion with a consultant they will suggest you the correct suitable plan according to your need. mere policy names and benefits does n’t suit to you.If you need anysuggestionn pleas contact me.





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