loyalty additions

LIC offers various insurance plans and one among them is Jeevan Saral. This policy comes under Endowment Assurance plan that is it offers an endowment plan offers security throughout the life in case of uncertainty of death.LIC Jeevan Saral has various other benefits and loyalty additions. This is mostly beneficial for employees seeking savings and life cover through schemes like Jeevan Saral. Features of Jeevan Saral Plan: It offers high cover with smooth returns. Minimum age to avail this policy is 12 years and maximum 60 years. Minimum term for taking policy is 10 years and maximum being 35 years. Payment mode flexible where in can pay monthly, quarterly, half yearly, and yearly. Monthly Premium to be paid is Rs 250 /- per month till you turn 49 and later Rs 400/- that is from 50 years till 70years. Extended risk cover for one year after 3 years premium payment. Can surrender the policy after three years of policy from the start and the policy should be in force till date. At any point of time can opt for optional term riders. It allows you to surrender your policy at any time. It provides guaranteed cash back offer. Benefits of Jeevan…

Read More...

LIC’s Komal Jeevan Plan is a children’s money back policy in which the premium is returned on the policy anniversary after the child attains 18 years, 20 years, 22 years and 24 years. If the child dies within the policy tenure after risk commencement, then the Sum Assured along with Guaranteed Additions are paid and the policy is terminated. LIC Komal Jeevan Features In case of death of policy holder sum assured along with vested bonuses and guaranteed additions will be paid. If no risk cover is taken then all premiums paid till date will be returned. On maturity of the policy sum assured and accrued bonuses and guaranteed additions will be paid. A specified 20% of Sum Assured will be paid in intervals after your child turns 18 till the child turns 24. The policy gives an option for waiver of premium rider by paying additional nominal premium in advance. In case you want to cancel the policy after 3 years, the minimum guaranteed surrender value before risk cover is equivalent to 90% of all premiums minus first year premium. Child’s life is covered in this policy from the age of 7. You have to pay premium till your child’s…

Read More...