*This is like a Post Office’s R.D. Scheme. You can deposit Yearly, Half-yearly, 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 or full amount if necessary after 3 years.
*The amount deposited in LIC is exempted under section 80C of Income Tax Act.
You can continue LIC Scheme after 10 years . You cannot continue Post Office Scheme after 10 years.
*In case of death 250 Times monthly premium + total premium paid (- 1st year premium & extra premium paid) + L.A., 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.
*Age group 12 to 60 years
*This Policy has earned Golden Peacock Award.
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LIC Jeevan Saral is a specially made plan for individuals who are looking for periodic savings along with risk cover. It offers higher cover, decent return, liquidity, considerable flexibility and tax benefits. Policyholders consider to choose the premium they want to pay.
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