Jeevan Saral by Lic of India

Jeevan Saral by Lic of India call us on 9869121124 for New policy, Save Tax

Benefit of LIC Scheme:

• 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.

LIC v/s Monthly Recurring Scheme

Maturity at the end of 10 years in Monthly Scheme

PREMIUM	LIC Jeevan Saral	POST OFFICE	LIC GAIN
500	106452 + Free insurance	89010 - income Tax	17442
1000	212904 + Free insurance	178021 - income Tax	34883
1500	319356 + Free insurance	267031 - income Tax	52325
2000	425808 + Free insurance	356042 - income Tax	69766
2500	532260 + Free insurance	445052 _ income Tax	87208
3000	638712 + Free insurance	534063 - income Tax	104649
3500	745164 + Free insurance	623073 - income Tax	122091
4000	851616 + Free insurance	712084 - income Tax	139532
5000	1064520 + Free insurance	890105 - income Tax	174415