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LIC offers popular insurance schemes including Jeevan Saral. The plan offers multiple benefits that cater to the financial needs of individuals and families.
The objective of LIC Jeevan Saral policy is to provide savings and protection to the policy holders. It provides financial security to the family of the policy holders in case of their untimely death, which is one of its main benefits. The Sum Assured plus any applicable Terminal Bonus and Reversionary Bonuses, if any, forms the Death Benefit. By doing this, the family of the policy holders gets guaranteed financial security even in their absence.
Flexible premium payment options of the plan are an added advantage. Policy holders can choose the frequency of premium payment as per their convenience like yearly, half-yearly, quarterly or monthly.
LIC Jeevan Saral can give you a fixed income. You can also take annual, half-yearly and quarterly pension through LIC Jeevan Saral plan. You also have many payment options in this plan. Any Indian citizen between the age of 40 to 80 years can invest in this plan.
In this plan, the premium has to be paid in lump sum. If a person invests for example Rs 20 lakh in this policy, he will get an annual pension of Rs 1,24,000. Any person can get monthly pension up to Rs.12000. It is necessary to take a minimum pension of Rs 1,000 in Saral Pension Yojana.
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