3 Replies to “If I take Jeevan Saral frm LIC and pay Rs 2500 per month for 15 yrs ,then how much i get &what all benefits i?”

  1. When you are paying Rs 2500/- Per month in Jeevan saral Policy of LIC, You will be covered for 250 times of risk coverage i.e Rs 6,25,000 and Accidental Coverage will be Rs 13,50,000 and you need not really mention 15 years also and opt for Highest term for your age, 70 yrs age or 35 years term and you can withdraw the policy anytime after 3 years but you will be benefitted if you withdraw after min 10 yrs when you will be eligible for Loyality Addition also apart from Maturity Sum Assured. The returns in this policy though not specifically answerable, it gives 19% returns more than Regular policies + Any time Withdrawl Facility and pl call me for further help and service in making new policy and service other policies professionally,Madhu-LIC, Mob No : 9949100500/ 9246100500

  2. Death Benefit:
    250 times the monthly premium together with loyalty additions, if any, and return of premiums excluding first year premiums and extra/rider premium, if any, is payable in lump sum on death of the life assured during the term of the policy.

    Loyalty Additions:
    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.

    As per the illustration by LIC:

    Age at entry: 35 years
    Policy term: 25 years
    Mode of premium payment: Yearly
    Amount of annual premium: Rs.4704/-
    Sum assured: Rs 1,00,000/-

    After 25 years Premium Paid: Rs 1,17,600/-

    Amount payable on maturity at the end of year (Policy Term):

    After 25 years Guaranteed Amount Payable Maturity: Rs 1,35,296/-

    After 25 years Variable Amount Payable on Maturity @ 6% assumed returns: Rs 2,00,296/-

    After 25 years Variable Amount Payable on Maturity @ 10% assumed returns: Rs 3,46,296/-


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