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LIC Jeevan Saral

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Jeevan Saral

Jeevan Saral is a unique plan introduced by the Life Insurance Corporation of India (LIC).  Jeevan Saral is an endowment assurance plan, wherein the policy holder only needs to choose the amount of the premium and mode of payment. It supports the good features of the conventional plans as well as is as flexible as unit linked plans. Jeevan saral plan provides the policy holder with a higher life cover, a smooth return and liquidity and flexibility.

productnew5 250x250 LIC Jeevan Saral


This is a monthly recurring Life Insurance plan. The benefits of jeevan saral plan include: this being similar to a Post Office scheme, gives the policy holder with deposit choices of yearly, quarterly or monthly schemes. Jeevan Saral also provides financial protection against the death of the person’s life insured.  After a period of 10 years, any number of partial withdrawals can be made through partial surrendering. The amount assured on maturity depends greatly on the age of the person whose life is insured at the time of the start of the policy and is payable at the end of the policy term on the survival of the insured.


Flexibility of term and liquidity are two great offers of jeevan saral. The amount deposited in this jeeval saral plan is exempted under section 80 of the Income Tax Act. The death benefits and the premium paid has a direct relationship between each other. In case of death of the insurance holder, 250 times monthly premium plus the toal premium paid minus first years premium and extra premium paid + LA, if available, will be made paid. The maturity amount is exempted from tax under section 80 of the income tax act.  Special features of jeeval saral plan include: At a very low premium, the jeevan saral policy holder gets to enjoy a high life cover, after 3 years of premium payment. The policy holder can choose to pay the premium yearly, half yearly, quarterly, or even on a monthly basis throughout the term of the policy or till earlier death. Jeevan Saral participates in the profits of LIC which is provided to the policy holder as loyalty additions either with death benefit or maturity benefit.