LIC's Jeevan Saral (Table No. 165)

Benefit of Jeevan Saral:

LIC Monthly Recurring type Scheme

This is like a Post office or Recurring Deposit Scheme. You can deposit Yearly, Hly, 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 of full amount if necessary after 10 years.

The amount deposited in LIC is exempted under section 80c of income Tax act.

You can continue LIC scheme after 10 years.

In case of death 250 times monthly premium + Total Premium paid - (1st years premium & Extra premium paid ) + LA 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.