LIC Jeevan Saral Plan 165 Maturity Calculator

LIC Jeevan Saral 165 plan is one of the famous endowment plans offering Various unique features and benefits to the policyholders. This place is highly opted for by the policyholders because of its additional features that other plans do not offer. However, before choosing the plan, policyholders want to understand it properly. Now, it’s easier to understand the plan’s maturity benefits, premiums, and other features using the LIC Jeevan Saral plan 165 maturity calculator.

The calculator provides instant information about various policy aspects and makes it easy for people to decide which plan to buy. Let’s learn more about the LIC Jeevan Saral plan 165 maturity calculator.

Also read: LIC Jeevan Utkarsh Plan 846: Details, Features, And Benefits

What is LIC Jeevan Saral Plan 165?

LIC Jeevan Saral 165 plan is an endowment plan that offers flexibility to the customers for choosing the amount, term of the plan, and premium payment modes. These factors decide the maturity benefits or the death benefits of the plan. LIC Jeevan Saral plan 165 calculators will help you to determine the accurate maturity benefits.

Eligibility Criteria for LIC Jeevan Saral Plan 165

To buy the LIC Jeevan Saral 165 plan, you must meet the following eligibility criteria:

Features of LIC Jeevan Saral Plan 165

LIC Jeevan Saral 165 plan possesses various amazing features that attract many policyholders to buy this plan. The Key features are:

• The sum assured the plan offers on the policyholder’s death equals 250 times the monthly premium.
• If the policyholder lives the entire term, the company will provide the loyalty additions and the Sum assured. The loyalty additions are offered if the policyholder continues the policy for 10 years. 
• The surrender value can be claimed from the 4th year of the policy. The policyholder can surrender the policy after 3 years.
• If you surrender the policy after 5th year, you are not required to pay the penalty.

Also read: LIC New Endowment Plan 814 Maturity Calculator Details

What is LIC Jeevan Saral Plan 165 Maturity Calculator?

LIC Jeevan Saral Plan 165 Maturity Calculator helps in calculating the plan’s maturity benefit amount and premium. It allows you to understand whether you can afford the plan and whether the premiums are under your budget. It is a digital tool that calculates the maturity benefits. To conduct the calculations, you must enter the details like policy term, age, premium term, sum assured, etc.  LIC Jeevan Saral is a famous plan due to the unique features that make it stand out from other endowment plans and make it a flexible conventional insurance plan.

Benefits of LIC Jeevan Saral Plan 165 Maturity Calculator 

Before purchasing the policy, people who use the LIC Jeevan Saral Plan 165 Maturity Calculator say that this is the most helpful tool every policyholder must use. If you are also planning to buy the LIC Jeevan Saral 165 plan, the calculator can benefit you in various ways listed below:

• The LIC Jeevan Saral 165 maturity calculator is available on various platforms and offers an instant answer to your queries.
• There is no limit to using it. You can use the LIC Jeevan Saral 165 maturity calculator multiple times to get insight into varying premiums while increasing or decreasing the maturity benefits.
• It is easy to use and calculates the amount with taxes and without taxes according to the needs of the policyholders.
• The users of the LIC Jeevan Saral 165 maturity calculator get the results according to their unique inputs depending upon factors such as age, premium frequency, policy term, etc.
• Using the LIC Jeevan Saral 165 maturity calculator eliminates the chances of miscommunication that can occur due to third-party agents.
• The LIC Jeevan Saral plan maturity calculator is free of cost and can be used online from your computer or mobile.
• It helps you to compare the various plans and choose one that suits your needs.

Reason to use LIC Jeevan Saral Plan 165 Maturity Calculator

LIC Jeevan Saral’s maturity calculator is a handy tool that many people use to calculate the plan’s maturity benefits and surrender benefits. It is one of the most used calculators because of the reasons listed below:

• The LIC Jeevan Saral 165 maturity calculation offers you the chance to determine the return rate on the premiums to provide you with accurate estimates.
• It estimates the change in premiums if you choose any rider. This helps you to choose the rider’s benefit for accidental death and disability as per your budget.  
• The calculator uses factors like your age, income, fund options, expected return rate, and amount for investment to calculate the maturity benefits of the LIC Jeevan Saral 165 plan.
• LIC Jeevan Saral plan 165 maturity calculator is featured on the LIC official website, which indicates that the tool is 100% reliable and accurate.
• If the calculator shows that the maturity benefits or returns are not meeting your expectations, you can change the inputs and get your desired coverage.

Factors Considered on LIC Jeevan Saral Plan 165 Maturity Calculator

The LIC Jeevan Saral Plan 165 Maturity Calculator requires some essential data to conduct the calculations. Some factors are used to calculate the maturity benefits of the plan. The factors are listed below:

1. Entry age of the policyholder: You need to mention the age when the policyholder buys the policy.
2. Policy term: This is the duration of the policy.
3. Sum assured: It is the amount that policyholders receive as the maturity benefits.
4. Premium amount: The policyholder needs to enter how much premium they can afford for a particular sum assured.

The above-listed factor decides how much the maturity benefits of the policy will be, and you can make some changes in the premium amount or sum assured to get the desired results. The details you enter must meet the plan’s eligibility criteria for correct calculations.

Example of LIC Jeevan Saral 165 Maturity Calculator

 Here, we have shown an example of calculations done by the LIC Jeevan Saral 165 maturity calculator depending on the inputs such as age, Sum assured, policy term, etc.

Inputs:

• Monthly income – Rs. 400
• Term – 30 years
• Entry age  – 35 years

Calculations:

• Total premium in 30 years – Rs. 1,44,000
• Guaranteed SA – Rs. 1,62,416
• Loyalty addition – Rs. 76,480
• Total maturity benefits- Rs. 2,32,896

How to use LIC Jeevan Saral 165 Maturity Calculator?

Using the LIC Jeevan Saral Plan Maturity Calculator is hassle-free and easy to use. Anyone can use this calculator by following the simple steps listed below:

• You need to open the official website of the LIC.
• Select ‘online customer portal.’
• Click on the calculation section. Here, you will be redirected to the external website.
• Fill in your details – age, Date of birth, and contact details.
• Click on ‘LIC Jeevan Saral policy.’
• Enter the details of the policy.
• The LIC Jeevan Saral 165 maturity calculator will automatically calculate the maturity amount, death claim amount, or surrender value.

LIC Jeevan Saral Surrender Value Calculator

Just like the LIC Jeevan Saral maturity calculator, you can also calculate the surrender value of the plan. If you have paid premiums for three years, you can opt for the surrender option and get the surrender benefits.

SSV / GSV = 30% of the total premium paid – (premiums of 1st year + rider benefits payment)

Here,

SSV – Special Surrender Value

GSV – Guaranteed Surrender Value

The surrender value of the Jeevan Saral 165 policy:

• 5 years premium – 100% of the maturity SA
• 4-5 years premium- 90% of SA
• 3-4 years premium – 80% of SA

Conclusion

LIC Jeevan Saral 165 plan is one of the most advantageous plans for policyholders. It offers the people various fantastic maturity, death, and surrender benefits. You can use the LIC Jeevan Saral 165 maturity calculator to gain proper insight into the plan. It is an online tool that is free of cost and easy to use.

LIC Jeevan Saral Plan 165 Maturity Calculator – FAQs

Can the LIC Jeevan Saral 165 maturity calculator determine the GSV?

Ans. Yes, the GSV is calculated as 30% of the total premium paid throughout the plan’s tenure minus the 1st year premium amount. It can calculat by the LIC Jeevan Saral 165 maturity calculator.

Does the LIC Jeevan Saral plan 165 maturity calculator offer flexible payment modes?

Ans. Yes, the payment modes available at the LIC Jeevan Saral plan maturity calculator are monthly, half-yearly, quarterly, and annual.

How does the LIC Jeevan Saral 165 maturity calculator determine the maturity amount?

Ans. The LIC Jeevan Saral 165 maturity amount and the Loyalty additions are assured. LIC Jeevan Saral 165 maturity calculator determines this amount using the essential details provided by you, such as premium amount, tenure, sum assured, etc.

What are the charges required for using the LIC Jeevan Saral plan 165 maturity calculator, and how many attempts are available?

Ans. The LIC Jeevan Saral plan 165 calculator is free of cost, and there is no limit on the number of users. You can use it multiple times.

What is the essential requirement for using the LIC Jeevan Saral 165 maturity calculator?

Ans. There are no such requirements for using the calculator. You require an active internet connection and a mobile or computer. Also, the calculator asks you to enter the essential details of the plan, like the sum assured, the tenure of the plans, the premium, etc.