Jeevan Saral

Jeevan Saral

( High Risk, Smooth Return)

Table No. 165

Introduction

Jeevan Saral is a new-generation plan, which primarily covers risk and has a blend of innovative flexible features. It is a unique plan having good features of the conventional plans and the flexibility of unit-linked plans. To the policy holder it provides higher cover, a smooth return, liquidity and a lot of flexibility. This plan will cater to those who perceive insurance more as financial protection and wish to make provision for future contingencies.

Under this plan, death cover will be same irrespective of age at entry and term but the sum payable at maturity will differ for different entry ages and terms. The Plan is ideally suited to those who may need money for life contingencies, education of children, salaried persons as also for those with uncertain income as there is a facility of auto cover in case premium due remains unpaid for 1 year, after 3 years premiums have been paid. Auto cover will continue for a period of 1 year.

Benefits

Provided the policy is in full force :

Maturity Benefits :

Maturity Sum Assured + Loyalty Additions, if any

Death Benefits :

250 times the monthly basic premium + Return of premiums paid, excluding extra/rider premium and first year premium + Loyalty Addition if any.

Term Rider benefit :

The choice of additional death cover is also available under the plan as a Term Assurance Option. An amount equal to the Term Assurance Sum Assured is payable on death during the policy term.

Accident Benefit Option :

Accident benefit is available up to a maximum of Rs. 25 lakhs. This is inclusive of the maximum limit of Rs. 25 lakhs placed as other life insurance

Mode Benefit :

The following table shows the rebate available on the mode of premium payment.

Mode	Rebate
Yearly	2%
Half-Yearly	1%
Quarterly / Monthly	Nil.

Features

	Minimum Age at Entry	12 yrs (Completed)
	Maximum Age at Entry	60 yrs (nearer Birth Day)
	Maximum Maturity Age	70 yrs
	Minimum Premium entry age 50 years and above.	Rs. 250/- per month for entry age up to 49 years and Rs. 400/- per month for
	Maximum Premium	10,000 per month (In Multiple of Rs. 50)

         

  ü  Modes Allowed - Yearly, Half yearly Quarterly and monthly under Salary Saving Scheme.

  ü  Loyalty Addition after 10 years.

  ü  Loan available after payment of 3 years premiums.

  ü  Liberal Special Surrender Value after 3 years premiums have been paid.

  ü  Partial withdrawals from 4th year onwards in case of high premium policies.