LIC Jeevan Saral Maturity Calculator
Instantly calculate the maturity value of your LIC Jeevan Saral Maturity policy. Get detailed estimates, including bonuses and loyalty additions.
LIC Jeevan Saral Maturity Calculator
LIC Jeevan Saral Maturity Overview
Plan Features
LIC Jeevan Saral Maturity is a flexible endowment plan that offers both protection and long-term savings. It comes with loyalty additions, guaranteed maturity benefits, and annual bonuses.
Major Benefits:
- Guaranteed maturity value
- Death risk coverage
- Bonus and loyalty additions
- Tax exemptions under section 80C & 10(10D)
How the Calculator Works
The calculator estimates your maturity amount based on your inputs, using prevailing LIC bonus rates and loyalty additions.
It Considers:
- Entered Sum Assured
- Applicable bonus rates
- Loyalty addition (based on term)
- Total premium paid
- Estimated returns
Frequently Asked Questions
What are the benefits of Jeevan Saral Plan 165?
Jeevan Saral offers flexibility, life cover, guaranteed returns, and loyalty additions. You get death benefits during the term, maturity sum assured at the end, and potential annual bonuses and tax exemptions under Section 80C and 10(10D).
What drawbacks does Jeevan Saral have?
Because of changes in regulations, the plan was no longer available for new purchasers. Additionally, it may provide lesser returns than more recent investment-linked schemes and lacks clarity in bonus and loyalty addition disclosures.
What financial advantages can Jeevan Saral offer?
With-profits entitles you to a portion of LIC's excess. Annual bonuses and potential loyalty enhancements are given to Jeevan Saral policyholders, gradually raising the maturity and death benefit amounts.
Does a Jeevan-Saral policy allow us to borrow money?
Yes, after paying premiums for at least three years, you are eligible to take out a policy loan. Interest is due at the current rates set by LIC, and the loan amount is often between 85 and 90 percent of the surrender value.
How is the maturity amount of Jeevan Saral calculated?
To determine your maturity value, use our free online Jeevan Saral 165 maturity calculator. It takes into account the policy duration, sum assured, bonus, age at entry, premium paid, and loyalty additions.
Is it okay to take a loan from a LIC policy?
Lower interest rates and ease of use characterise loans secured by LIC policies. If you require short-term funding that won't impact your credit score, this is an excellent choice. On the other hand, the maturity or death benefit is diminished by unpaid debts.
Is it still possible to get LIC Jeevan Saral?
Jeevan Saral is no longer available to new clients of LIC. If you currently have a policy, though, it is still in effect and offers all of its benefits, such as incentives and maturity payouts.
Does the calculator have perfect accuracy?
Using assumptions and current LIC rates, our calculator provides you with an estimate that is almost correct. Final maturity values, however, are contingent to the bonuses and loyalty additions announced by LIC at the time of payout.
How much is the loyalty addition?
LIC announces loyalty additions based on the fund's performance and policy term. They can greatly increase your returns and are usually included for plans held for more than ten years.