Well the Insurance Regulatory & Development Authority (IRDA) specify all life insurance companies of in India to provide official a policy called the Jeevan Saral policy .

Jeevan Saral policy Eligibility

Age at entry: 35 years

Policy term: 25 years

Mode of premium payment:
Yearly


The Jeevan Saral policy is an endowment Assurance plan in which the applicant has simply to choose the amount and mode of premium payment.

The plan gives the financial protection against death throughout the term of the plan.

The death benefit is directly related to the premiums paid.

The Maturity Sum Assured depends on the age at entry of the life to be assured and is payable on survival to the end of the policy term.

It also offers the flexibility of term and a lot of liquidity.

Jeevan Saral IRDA Policy details