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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

 

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Recurring Deposit or Jeevan Saral ? Which is the best?

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coins Recurring Deposit or Jeevan Saral ? Which is the best?

 

Recurring Deposit or Jeevan Saral ? Which is the best?

You all might have heard about and has an idea of what is meant by recurring deposits schemes, acquiring small amounts of money and investing it for long term and to reap better returns at maturity. So this post would analysis some point which would tell us Recurring Deposit or Jeevan Saral ? Which is the best?
The usual players in the field were banks and post offices, now there is a new entry to this sector… any guess? Its the LIC or the Life Insurance Corporation of India. The LIC has started a special plan called “Jeevan Saral” which is famous now, Its launch was a couple of years back.

Jeevan Saral can be termed as a simple assurance plan where the policy holder choose the amount and also the mode of the premium payment. It also gives the policy holder protection from death which is of 250 times of the monthly premium, that he pays. With the age of the policy holder the terms also changes. The benefit at death includes the total risk cover plus the loyalty bonus if any. There is also promise by the LIC about the returns of premium which excludes the first year premiums and extra rider premiums.

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