Life Insurance Corporation Of India

Insure & Be Secure

 

 

 LIC's New Jeevan Saral Monthly Recurring Scheme (ATM Plan)

    Limits Term Age Sum Assured
    Minimum 10 12 62500
    Maximum 35 60 No Limit

Benefit of LIC Scheme:

  • LIC Monthly Recurring type Scheme
  • This is like a Post office or Recurring Deposit Scheme. You can deposit Yearly, Hly, Quarterly or Monthly (ECS) in LIC scheme
  • Maturity received in LIC scheme is Tax Free under section 10-10d of income Tax act.
  • You can withdraw partial of full amount if necessary after 10 years.
  • The amount deposited in LIC is exempted under section 80c of income Tax act.
  • You can continue LIC scheme after 10 years.
  • In case of death 250 times monthly premium + Total Premium paid - (1st years premium & Extra premium paid ) + LA if any payable.
  • If you forget to take maturity at the end of 10 years, You can get return beyond 10 years in LIC scheme. This is not available in Post office scheme.
  • Higher Cover, smooth returns, liquidity and a lot of flexibility Savings

Death Benefit:

250 times the monthly basic premium + return of premium paid (excluding extra/rider premium and 1st year premium) + Loyality additions, if any.

Maturity Benefits:

Maturity S.A. + Loyality Additions, if the policy was in force for a minimum of 10 policy years.

SPECIAL FEATURES:


  • High risk cover at low premium
  • Extended risk cover for one year after 3 years premium payment.
  • Optional higher cover 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 number of withdrawals through partial surrendering

ELIGIBILITY CONDITIONS:

  • Minimum Age at Entry : 12 years
  • Maximum Age at Entry : 60 years
  • Maximum Maturity Age : 70 years
  • Minimum Term : 10 years
  • Maximum Term : 35 years
  • For Age 12 to 49 years : Minimum Premium is Rs.250/- p.m.
  • For Age 50 to 60 years : Minimum Premium is Rs.400/- p.m.
  • Mode of Premium : Yearly, Half-Yearly, Quarterly, Monthly
  • Accident Benefit & Disability is allowed (with extra premium)
  • Standard age proof required.

Maturity at the end of 10 years in Monthly Scheme

Difference Between LIC And Post Office

PREMIUM         LIC Jeevan Saral POST OFFICE LIC GAIN
500 106452 + Free insurance 89010 - income Tax  17442
1000 212904 + Free insurance 178021 - income Tax  34883
1500 319356 +  Free insurance 267031 - income Tax 52325
2000 425808 + Free insurance  356042 - income Tax  69766
2500 532260 + Free insurance  445052 _ income Tax 87208
3000 638712 + Free insurance 534063 - income Tax  104649
3500 745164 + Free insurance 623073 - income Tax 122091
4000 851616 + Free insurance 712084 - income Tax  139532
5000 1064520 + Free insurance 890105 - income Tax 174415
       

                                                                                                 

                                          Monthly Premium

Term 250 400 500 750 1000 1500 2000 3000 4000 5000 6000
1 0 0 0 0 0 0 0 0 0 0 0
2 0 0 0 0 0 0 0 0 0 0 0
3 5122 8195 10244 15366 20488 30732 40976 61464 81952 102440 122928
4 8199 13118 16398 24597 32796 49194 65592 98388 131184 163980 196776
5 11815 18904 23630 35445 47260 70890 94520 141780 189040 236300 283560
6 14698 23516 29395 44093 58790 88185 117580 176370 235160 293950 352740
7 17703 28324 35405 53108 70810 106215 141620 212430 283240 354050 424860
8 20835 33336 41670 62505 83340 125010 166680 250020 333360 416700 500040
9 24118 38588 48235 72353 96470 144705 192940 289410 385880 482350 578820
10 53227 85162 106452 159679 212904 319356 425808 638712 851616 1064520 1277424
11 62526 100041 125051 187577 250101 375152 500203 750304 1000406 1250507 1500608
12 72683 116293 145366 218049 290733 436099 581465 872198 1162930 1453663 1744395
13 84085 134536 168170 252255 336340 504510 672680 1009019 1345359 1681699 2018039
14 96820 154912 193640 290460 387280 580920 774560 1161839 1549119 1936399 2323679
15 111099 177759 222198 333298 444397 666595 888794 1333190 1777587 2221984 2666381
16 125842 201347 251683 377525 503366 755050 1006733 1510099 2013466 2516832 3020199
17 141986 227176 283970 425956 567940 851910 1135880 1703820 2271760 2839700 3407640
18 159705 255528 319410 479115 638819 958229 1277638 1916457 2555276 3194095 3832915
19 179095 286552 358190 537285 716380 1074570 1432760 2149140 2865520 3581900 4298280
20 200370 320592 400740 601110 801480 1202220 1602960 2404440 3205920 4007400 4808880
21 223646 357833 447291 670938 894583 1341874 1789166 2683749 3578332 4472915 5367498
22 249179 398687 498358 747537 996716 1495074 1993433 2990149 3986865 4983581 5980298
23 277110 443375 554219 831329 1108438 1662657 2216876 3325314 4433752 5542190 6650628
24 307749 492398 615497 923247 1230995 1846492 2461989 3692984 4923979 6154974 7385968
25 341275 546040 682551 1023826 1365101 2047652 2730202 4095304 5460405 6825506 8190607
26 378058 604892 756115 1134172 1512229 2268344 3024459 4536688 6048917 7561147 9073376
27 418315 669304 836630 1254944 1673259 2509889 3346518 5019778 6693037 8366296 10039555
28 462488 739980 924976 1387463 1849951 2774927 3699902 5549853 7399805 9249756 11099707
29 510947 817515 1021894 1532841 2043788 3065682 4087577 6131365 8175153 10218941 12262730
30 564128 902604 1128256 1692384 2256511 3384767 4513022 6769533 9026044 11282555 13539067
31 622281 995649 1244562 1866843 2489123 3733685 4978246 7467370 9956493 12445616 14934739
32 686265 1098023 1372529 2058794 2745059 4117588 5490117 8235176 10980234 13725293 16470351
33 756293 1210068 1512585 2268878 3025170 4537756 6050341 9075511 12100682 15125852 18151022
34 833233 1333173 1666466 2499699 3332932 4999399 6665865 9998797 13331730 16664662 19997595
35 917775 1468441 1835551 2753326 3671102 5506652 7342203 11013305 14684407 18355508 22026610
  All Figures in Rs. Projection @ 10%
                       


Contact US

Life Insurance Corporation Of India

Sathyanarayana

LIC Agent /Advisor

98856 24341

E-mail : licagent2006@gmail.com

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