Jeevan Saral - Term Information

[sureshm]

Hi,

I am currently 31 years old. I have took Jeevan Saral policy in 2010, paying 48040 per year. Sum assured is 10 lacs. Term is 30 years. How does sum assured value get calculated as 10 lacs? In my case, I would be paying 48040*30yrs as 1441200. Am I paying 441200 more?

What is the amount, I will get in hand after the completion of 30 yrs term? Is there any benefit of this plan or I have been cheated with this plan . Please help me in understanding this policy

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