LIC's JEEVAN SARAL offers an amount equal to the Term Assurance Sum Assured. Jeevan Saral provides high risk cover at low premium. Apply now and get the receipt the next day.

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LIC's JEEVAN SARAL is an Endowment Assurance plan where the proposer has simply to choose the amount and mode of premium payment. The plan provides financial protection against death throughout the term of the plan. The death benefit is directly related to the premiums paid. The Maturity Sum Assured depends on the age at entry of the life to be assured and is payable on survival to the end of the policy term. It also offers the flexibility of term and a lot of liquidity.

Survival Benefit:

The Maturity Sum Assured plus Loyalty additions, if any, is payable in a lump sum.

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.

Premium paid in that financial year towards all life insurance come  with Tax rebate under Sec 80C and in case of Health insurance under sec 80D.