LIC Policies Plan in India 2022 Life Insurance Corporation of India Benefits Details : LIC Jeevan saral Plan LIC Jeevan saral Plan is a non-linked insurance plan. The plan provides financial protection against death during the period of the policy. In this plan , the premium amount is decided by the policyholder and he gets 250 times the monthly Premium as sum Assured. Hence, it is categorized under special plans. This plan offers Double Death Benefit of sum Assured + Return of Premium.
Best LIC Plans and Policies Details
| LIC Plans | Plan Type | Entry Age | Policy Term | Maximum maturity age | Sum Assured(minimum–maximum) |
| LIC- e Term | Pure Term insurance plan | 18-60 years | 10-35 years | 75 years | 25,00,000—No limit |
| LIC Jeevan Anand | Participating Traditional Endowment Plan | 18-50 years | 15-30 years | 75 years | 15-30 years |
| LIC Jeevan Saral | Endowment Plan | 12 – 60 years | 10 – 35 years | 70 years | 250 times monthly premium—no limit |
LIC Jeevan Saral Plan
Benefits of LIC Jeevan Saral Plan Death Benefit- In case of death of the life Insured, the nominee receives sum Assured + Return of Premiums. Loyalty Addition Maturity Benefit- At the maturity of the Policy the insured get Maturity sum assured. The Maturity sum assured depends on the policy holder’s age at the time of take the policy and is payable on survival to the end of the policy term. Income tax- Premium paid are exempted from income tax free for Jeevan Saral Policy under Sec 80 C.
| LIC Jeevan Saral | Endowment policy |
| Entry Age | 12-60 years |
| Minimum Premium/Purchase Price | Rs.250/- (for age below 50years) – Rs.400/- (for age above 50years) |
| Medical Examination | N/A |
| Maximum Maturity Age | 75 years |
| Tax Benefits | Available under Section 80C |
LIC Jeevan Anand Plan
LIC’s Jeevan Anand Plan is a participating Whole Life Endowment Plan with various advantages. This Whole life endowment plan continues to provide coverage till the death of the insured even after the maturity of the plan. The Jeevan Anand policy offers bonus facility. This plan provides an option of regular premium payment to the insured. On survival till the end of the plan term, the benefit on maturity is paid to the insurance holder and the plan continues to be in force. This plan has average premium, high bonus rate, and great liquidity feature The Customer can enjoy the lump sum payment at the time of maturity This policy provides a good sum of financial protection against the death of the policyholder. When the maturity is paid and the policyholder is surviving then the insurance coverage continues with the payment of premium amounts.
| LIC Jeevan Anand Plan | Participating Traditional Endowment Plan |
| Entry Age | 18-50 years |
| Sum Assured | Rs.1,00,000/-no limits |
| Loan Facility | Available |
| Optional Benefits | LIC accidental death benefit or disability benefit. – LIC’s New Term Assurance Rider |
| Tax Benefits | Available under Section 80C |
LIC e- term Plan
LIC’s e term plan which can be purchased online without the intervention of any agent or advisor. This Plan works like a regular term plan once it has been issued. In case of unfortunate death of the life assured during the policy term Sum Assured shall be payable.
| LIC e-Term | Pure Term Insurance |
| Entry Age | 18-60 years |
| Policy Term | The minimum policy term for the policy is 10 years while the maximum is 35 years. |
| Mode of payment | Premiums are to be paid annually. |
| Sum Assured | Minimum Basic Sum Assured should be Rs. 25, 00,000 for the Aggregate category, for a non-smoker it is Rs. 50, 00, 000/- and no limits for maximum |
| Medical Examination | Required |
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