why in esaral after some months it shows " Course Expire".
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Answer:
When I wrote post related to LIC’s recent bonus declaration, I flooded with lot of quarries related to Jeevan Saral plan. Why so much confusion about this plan? Is it due to few new features of this plan or exaggerated returns shown by agents? I think both. So let us understand what this plan is and how you can calculate your returns.
This plan is different to other plans of LIC in case of accumulation what LIC provides, sum assured calculation and about surrender. Also I think this is highest selling plan in LIC after Jeevan Anand. I am not going in detail about plan feature but will point out the highlights.
In this plan you can choose your premium amount which is not possible with other plans. Minimum monthly contribution in this plan is Rs.250.
Sum Assured will be 250 times of your monthly premium payment. Hence suppose your monthly contribution is Rs.1,000 then sum assured will be Rs.2,50,000. You may call this benefit as “death benefit sum assured” as this benefit is only meant for deaths. Hence don’t misunderstand that Sum Assured is the amount you get after maturity (which is the case with other plans). Hence I will call it as Death Benefit SA or DBS. So this option is bit advantages for age old buyers as irrespective of your age this DBS is fixed on your premium payment but not on your age and term you selected. This is not the case with other plans of LIC. So two persons paying same premium but age different is around 30 yrs then too they will get the same sum assured benefit under this plan.
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