LIC’s New Jeevan Saral Monthly Recurring Scheme Jeevan Saral ATM Plan Table No 165. Jeevan saral policy by Lic of IndiaMonthly Recurring Life Insurance which is also called ATM plan. Jeevan Saral has won a Golden Peacock award. Jeevan saral is a Plan by Lic of India where you get 250 times monthly premium + total premium paid + LA if any in case of death and on maturity you get a lumpsum amount which is 100% tax free.

Limits Term Age Sum Assured

Minimum 10 12 62500

Maximum 35 60 No Limit

Premium Ceasing Age : 70 Premium Ceasing Term : 0

Table no 165 Plan Highlights

Cheapest LIC’s New Jeevan Saral Monthly Recurring Type Saving Schemes/ Plan Life Insurance is a unique plan having good features of the conventional plans and the flexibility of unit linked plans. To the policyholder it provides -

Higher Cover,

smooth returns,

liquidity and

a lot of flexibility Savings


On Death:

250 times the monthly premium, plus

return of premiums excluding extra/rider premium and first year premium, plus the loyalty addition, if any. ATM Facility avail.

On Maturity:

Maturity sum assured, plus

The Loyalty Additions, if any


High risk covers 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


Premium : Minimum premium of Rs.250/- per month for entry age upto 49 years. and Rs.400/- per month for entry age 50 years and above.

No Limit for the maximum premium per month.

Mode : Yearly, Half-yearly, Quarterly and Monthly under Salary Saving Scheme

In case of term rider, minimum and maximum age at entry will be 18 and 50 years respectively.

Further minimum sum assured will be Rs.1 lakh. Flexibility to increase/ decrease premium & withdraw money according to your needs. Save Tax upto Rs.33390.The Best and Most Popular and most sellable Product/ Policy of LIC is Jeevan Saral.

You will make Comparision Betweem Post Rd Acoount V/s LIC Jeevan Saral.

  • To View Examples/ Illustrations on Jeevan Saral Click here
  • Download ECS Form for your Jeevan Saral Click here

Contact us for free Examples quotes review/ Charts/ calculations/ Plan Presentations etc on LIC’s New Jeevan Saral Monthly Recurring Type Schemes ATM Plan Life Insurance policy. Our LIC of India Authorised Agent/ Insurance Advisor/Consultant will Contact you within 24 hrs. Learn here how to earn maximum return on your investment. Systematic Withdrwal and Systematic Investment means SIP and SWP both the benefits are available in LIC Jeevan Saral Plan Brochure.