IRDAI The Insurance Regulatory Board of India had made it mandatory for all insurance companies to bring a standard term life insurance, under this now LIC has launched Saral Jeevan Bima 859 term plan.
As per the rules of IRDAI, all the insurance companies will have to keep the benefit and premium amount same for this standard term life insurance. LIC has launched this Saral Jeevan Bima Term Insurance on 16th April 2021. Let us tell you that LIC Saral Jeevan Bima Plan is a non-linked non-participating plan, this plan can be bought online directly from LIC from the website, apart from this, the plan can also be taken through an agent.
- Special Features of LIC Saral Jeevan Bima Plan 859 :(LIC Saral Jivan Bima Plan 859 Features)
- Benefits of LIC Saral Jeevan Bima Plan:(LIC Saral Jivan Bima Plan Benefits)
- 1 Maturity Benefit :(Machority Benefit)
- 2 Death Benefit :(Death Benefit)
- What should be taken LIC Saral Jeevan Bima Plan :(Should You Opt)
Special Features of LIC Saral Jeevan Bima Plan 859 :(LIC Saral Jivan Bima Plan 859 Features)
- LIC Saral Jeevan Bima Plan is a standard term insurance plan designed by IRDAI for a specific purpose.
- You must be at least 18 years of age to buy LIC Saral Jeevan Bima plan.
- At the same time, citizens who are not more than 65 years of age can take this plan.
- The policy term of this plan can range from 5 years to 40 years.
- The maximum maturity age of LIC Saral Jeevan Bima plan has been fixed at 70 years.
- Under this policy, you can get insurance cover ranging from 5 lakhs to 25 lakhs.
- However, being a standard plan, you cannot take advantage of the loan facility on this policy.
- In this policy also, you can pay the premium amount in the form of yearly, half yearly, quarterly, at the same time the option of single premium has also been given.
Benefits of LIC Saral Jeevan Bima Plan:(LIC Saral Jivan Bima Plan Benefits)
1 Maturity Benefit :(Machority Benefit)
- If the insured survives at the end of the term of the policy, then no benefit is given to him under the Maturity Benefit.
2 Death Benefit :(Death Benefit)
- If the insured has paid the full premium of this policy, then after his death the amount of insurance cover is given to his nominee.
- But if after taking the policy, if the holder dies before 45 days of waiting time, then the premium paid till now is given to the nominee after deducting the tax but at the same time if the premium amount is full then the insurance cover That the entire amount is given to the nominee.
- In case of death of the insured after 45 days of taking the policy, after the end of the waiting time, then the entire amount of insurance cover is given to the nominee.
What should be taken LIC Saral Jeevan Bima Plan :(Should You Opt)
- Understand that if a 30 year old man buys an insurance cover plan of 25 lakhs whose term is 20 years and annual premium is 2 thousand months.
- This means that person will have to pay a premium of 2 thousand every year, after that if the insured survives till the term of 20 years, then he will not get any benefit but after the death of the insured at the time of the policy term, the nominee will get 25 lakhs. amount will be given.
- IRDAI has designed this plan keeping in mind the low income people.
- You can buy this insurance policy from any insurance company.
