(Plan Closed on 31 December 2013)


There are plans from LIC which are quite good like Jeevan Saral.

This plan has got a 'Golden Peacock Award'.

In this plan, you can invest any amount starting from Rs. 250 (like 250,300,350, 500,1000 or 2000 or 5000 or 10,000 etc) depending on your financial capacity.

For example You are 23 years of age:
a)Plan I: If you invest Rs.10,000 per month: Assuming you invest Rs.10,000 per month i.e. monthly premium of Rs.10,208 or yearly premium of Rs.120,100 for 25 years, insurance coverage will be 10,000 x 250 times = Rs. 25 Lacs. Maturity returns after 25 years will be approx.. Rs.90 Lacs. In case of natural death, nominee will get Rs.25 Lacs + premiums paid till date are returned back (excluding first year premium). In case of accidental death, Rs.50 Lacs + premiums paid till date are returned back (excluding first year premium). Also partial disability factor is covered.



b)Plan II: If you invest Rs.5000 per month: Assuming you invest Rs.5000 i.e. monthly premium Rs.5104 or yearly premium of Rs.60,050, you will get maturity amount of approx..Rs.45 lacs after 25 years.


c)Plan III: If you invest Rs. 4000 per month: Assuming you invest Rs.4000 i.e. monthly premium Rs.4083 or yearly premium of Rs.48,040 you will get maturity amount of approx.. Rs.36 lacs after 25 years.

d)Plan IV: If you invest Rs. 3000 per month: Assuming you invest Rs.3000 i.e. monthly premium Rs.3063 or yearly premium of Rs.36,030 you will get maturity amount of approx..Rs.27 lacs after 25 years.

e)Plan V: If you invest Rs.2000 per month: Assuming you invest Rs.2000 i.e. monthly premium Rs.2042 or yearly premium of Rs.24,020 you will get maturity amount of approx.. Rs.18 lacs after 25 years.

f)Plan VI: If you invest Rs.1000 per month: Assuming you invest Rs.1000 i.e. monthly premium Rs.1021 or yearly premium of Rs.12,010 you will get maturity amount of approx.. Rs.9 lacs after 25 years.

You are saving tax on LIC premiums paid.