the flexibility of unit linked plans. This is a Monthly Recurring Life Insurance Plan by Lic of India where the proposor get 250 times monthly premium + total premium paid + LA if any in case of death. To the policyholder it provides —
higher life cover
a smooth return,
liquidity & a lot of flexibility
BENEFITS
LIC Monthly Recurring type Scheme
This is like a Post office or Recurring Deposit Scheme. You can deposit Yearly, Hly, Quarterly or Monthly in LIC scheme
Maturity amount received is Tax Free under section 10-10d of income Tax act.
Any number of partial withdrawals through partial surrendering after 10 years
The amount deposited in LIC is exempted under section 80c of income Tax act.
In case of death 250 times monthly premium + Total Premium paid - (1st years premium & Extra premium paid ) + LA if any payable.
Special Features:
High life cover at very low premium
Extended risk cover for one year after 3 years premium payment.
Optional higher cover available through Term Riders
The policyholder can choose a maximum term but can surrender at any time
without any surrender penalty or loss after 5 years
Any time money ( ATM ) Plan 165 Jeevan Saral By LIC of India call me for more details.