# LIC Jeevan Saral (Plan 165) – Details, Calculators, Review and Illustrations

*LIC Jeevan Saral (Plan 165) – Details, Calculators, Review, and Illustrations*.** Jeevan Saral (plan 165)** is one of the most ‘flexible’ and ‘feature rich’ conventional endowment type plan ever launched by LIC of India. Due to the high flexibility, it offers to the customer, it is often referred to as a conventional plan, with the flexibility of Unit Linked Plans. High insurance coverage and liquidity are the highlights of the plan.

## LIC Jeevan Saral (Plan 165) – Key features

- The policyholder can choose his own premium amount and
**Maturity Sum Assured**as well as**Death Sum Assured**is subsequently determined based on the premium paid by him. - Death coverage shall be the sum of,
**250 times**the monthly basic premium (**Death Sum Assured**) + Premium paid (excluding the first year premium and rider premiums.) +**Loyalty Additions**(if any). - Maturity amount of the plan shall be the sum of, the
**Maturity Sum Assured**(which varies based on the age at entry and term of the plan) +**Loyalty additions**(if any). - Complete or
**Partial surrender**of the plan can be done any time after the completion of 3 years, provided, premiums have been paid for at least three full years. **Auto cover**shall be available for a period of 12 months if the policy has been in force for 3 or more full years. (Auto cover will not be available for rider benefits)**Term**Rider and**Accident benefit**rider available (based on certain conditions and restrictions).

Please Note: LIC’s Jeevan Saral plan was withdrawn from sale with effect from 31/12/2014. And hence you cannot purchase it anymore. But all the policyholders who have purchased it before the withdrawal date will continue to enjoy the benefits of the policy.

## LIC Jeevan Saral (Plan 165) – Eligibility conditions and Restrictions

LIC’s Jeevan Saral (Plan 165) – Eligibility conditions and restrictions | ||
---|---|---|

Condition | Minimum | Maximum |

Age at entry | 12 years (completed) | 60 Years (nearer birthday) |

Term of the plan | 10 years | 35 years |

Premium | Rs 250/ month (entry up to 49 years) | No Limit |

Rs 400/ month (50 years and above) | ||

Accident benefit rider (Age allowed) | 18 years (completed) | 60 Years (nbd) |

Term Rider | 18 Years (completed) | 50 Years |

www.insurancefunda.in |

## LIC Jeevan Saral (Plan 165) – Premium and Benefit Calculator

Premium and Benefits Calculator for LIC Jeevan Saral is a powerful tool to understand all the benefits of the plan in a simple and comprehensive way. You can provide parameters such as age, basic monthly premium, riders etc based on your own needs to get all the details of the plan including, insurance coverage surrender value maturity benefit etc. This online calculator can be used in mobile platforms also and do not need any installations.

If you cannot view the calculator here click the link provided below to open LIC Jeevan Saral ( Plan 165) Premium and Benefit calculator.

## Loyalty Addition Rates – LIC Jeevan Saral

As per the latest 2019 march valuation, LIC has declared the loyalty addition rates up to 18 years term for Jeevan Saral Plan. The latest loyalty addition rates are provided in the chart given below.

From the above chart, we can see that the loyalty additions rates for the Jeevan Saral has increased in the current valuation compared to the previous valuation.

### Extrapolation to predict future loyalty rates

LIC has so far declared the loyalty additions rates for Jeevan Saral plan up to 18 year term only. But if we closely observe the declared rates we can see that it is following a linear pattern. I have extrapolated the declared values to get the future loyalty addition rates.

Please note that these rates are not guaranteed and the actual rates declared by LIC can vary in the future. You can use the calculator provided above to find out indicative maturity values using

## LIC Jeevan Saral (Plan 165) – Maturity Sum Assured Vs Death Sum Assured

Generally in Endowment Assurance type of plans, Death Sum Assured will be equal or a multiple of, maturity sum assured. But in Jeevan Saral plan Maturity Sum Assured and Death Sum assured are entirely different entities. Death sum assured is defined as, 250 times basic monthly premium, whereas Maturity Sum Assured is calculated based on a table supplied by LIC of India. Maturity Sum Assured considerably varies depending on the age at entry. You can check the chart given below to understand the variation pattern of Maturity Sum Assured with age.

From the above chart, you may notice the fact that lower age group people will get more maturity benefit compared to higher age group whereas the premium paid and the death sum assured remains same for all.

## LIC Jeevan Saral (Plan 165) – Surrender value

The surrender value of the Jeevan Saral plan is the higher of Guaranteed surrender value(GSV) and special surrender value (SSV) applicable at the time of surrender.

GSV = 30% of (total amount of premium paid – (First year premium and riders))

Special Surrender Value (SSV) = Accumulated value of the policy + Loyalty additions (If any)

LIC Jeevan Saral – Accumulated value chart | |
---|---|

Premium Paid Period | Value |

Less than 4 Year premium paid | 80 % of Maturity Sum Assured |

4 Year premium paid | 90% of Maturity Sum Assured |

5 or more year premium paid | 100% of Maturity Sum Assured |

## LIC Jeevan Saral (Plan 165) – Example of benefits

In order to understand the plan better, let us consider an example of a person taking the Jeevan Saral Plan. Let the details of the person taking the plan will be as follows.

Details of the person considered for example | |||
---|---|---|---|

Age | 25 | Term | 18 Years |

Basic Monthly Premium | Rs.4000 | Death Sum Assured | Rs. 100,00,00 |

Double Accident Benefit | Opted | Income Tax Slab | 30 % |

Premium and Maturity Benefits of the proposed plan is given below.

Complete benefits including insurance coverage and surrender value of the proposed example will be as shown below.

The Maturity Sum Assured of the plan is considerably higher, when compared to the premium paid, for the younger age group. In this example, you can see that the maturity sum assured is Rs. 9,77,120 whereas the total premium paid is just Rs. 6,05,304. **LIC has declared loyalty addition rates up to **th** term** and the loyalty addition rate shown here is as per the rate declared by LIC for the current year.

The illustration shown here is based on the example considered. If you want to calculate the details based on your own details, use – Jeevan Saral – complete calculator.

If you have any doubts or require more clarifications, drop a comment on the ‘Comment’ section given below.

Read more:

- LIC Bonus Rates 2019 -20 – Everything you need to know
- Claim Settlement Ratio 2017-18- Best life insurance company in 2019

Anish L J is a ‘Financial Planner’ and member of Chartered Insurance Institute(CII), London and Insurance Institute of India. He is also a finance, insurance and software consultant. He thoroughly follows the developments in finance, insurance, and other related sectors.

Hi,

If I decide to surrender the Jeevan Saral plan (16 Years plan. Sum assured 2,50,000) at 8th year, should I pay any Tax on the surrender value?

Premium 1000 per month

No tax is applicable for Surrender value or maturity amount of Jeevan Saral. By the way, surrendering of policy is not a good idea. Try to continue the premium and get the maturity benefit. If further premium payment is not possible due to financial constrains, try to get back the amount at the time of maturity.

hello, can i withdraw my jeevan saral policy after 10 years? as on my policy the term plan is written for 40 years . so if i withdraw after 10 years will be there any penalty? Also can i take on loan on my policy?

You can withdraw from Jeevan Saral Plan any time after 10 years to get eligibility for Loyalty addition also for at the time of withdrawal. But remember that you will get the maturity sum assured and loyalty addition of a ten year plan only if withdrawn on tenth year.

if i surrender the policy in 11 or 12 th year, can i get the SUM assured of 2.5L and loyalty addition ? thanks

When you surrender Jeevan Saral you will not get Sum Assured. Find the maturity value from this calculator and provide the term of the plan as 11 or 12 and find the maturity value and that will be the surrender value of the plan.

Hi,

I am paying Rs 77172/- yearly premium since 8 years for my Jeevan Saral policy. If I decide to surrender the policy this year, what will be my maturity sum assured value?

It is not advisable to surrender the policy before 10 years. Loyalty addition will be available to the policy only after 10 years. If you still want to surrender the policy you can approach any branch office and get the surrender quotation.

If your Jeevan Saral policy is a long term one and your age was below 35 when you started the plan the maturity benefits of the plan is really attractive in the current scenario of dwindling interest rates. Further the insurance coverage is also high in the plan. Use the calculator provided here and keep the term as 10 to understand how much amount you are likely to get if the policy is surrendered in the 10 th year.

i have been paying premium for good 5 years. and now i want to withdraw. so if I withdraw now is there 30% penalty or I will be getting whatever amount I have paid as premium in 5 years (i pay 60k premium pa)

Surrendering a policy before the term is not advisable as you are losing the insurance coverage. Even if you want to withdraw from the plan, it is advisable to get the amount back at maturity, as you will be able to get full paid up value and the full accrued bonus at that time.

Surrender value is the higher of Guaranteed surrender value and the special surrender value. In order to calculate the surrender value you need to know the surrender value factor, which is a percentage value already declared. Surrender Value = (Paid Up Value + Bonus)*Surrender value factor/100. You can approach nearest branch office to know the surrender value of the plan.

Hi,

I am paying Rs 49841/- yearly premium since 9 years for my Jeevan Saral policy. If I decide to surrender the policy next year, what will be my maturity sum assured value?

Please contact nearest LIC branch office for exact value..

HI,

I PAYING HY PREMIUM 6065 LAST 25/10/2008 TERM IS 35/35 HOW MUCH MATURITY I RECEIVED

Please use the calculator provided to get maturity amount. As of now loyalty addition has been declared only up to 16 years term. if your term is higher you will have to wait for the Loyalty addition to be declared to know the loyalty addition portion.

I have same question..LIC declared upto 16 years LA, but I have 33 year plan. Is this possible to LIC declare upto 33 yr LA in future ? or the benefit will calculate according to 16 year term??

Hi Harpreet Singh,

Loyalty additions are declared by LIC on a regular basis as and when it is likely to be paid. So far 17 years have been completed since the inception of Jeevan Saral plan and hence LA up to 17 years have been declared so far. Once 33 years have been completed after the inception of the plan, LA for 33 years also will be declared. You will have to wait till then.

Hi

I am paying Rs 126748/- yearly premium since 7 years for my Jeevan Saral policy PLAN . what will be the amount get at maturity with other benefits.

Please use the calculator provided to get the maturity value..

Me due 12130 /=per year last 10 year se abi total kitna Balnce jama huva h 15 Year ke Bad kitna milega 165/35 H

Please use the online calculator provided to get the values.

Hi Anish,

I am investing monthly premium of 2042 in Jeevan saral. I started at age of 25 in 2008 and its 10 years since i have taken the policy. I asked my agent and he said that I will receive 480000 if i terminate the policy now which i think is highly unlikely. Also, from you calculator it seems the amount i will receive at maturity is 311388.

Can you kindly confirm what will the maturity amount if i terminate the policy now (after 10 years of premium paying).

I guess i am being tricked by my agent

The surrender value of your policy is just a call away. You can call any LIC branch office near you and get the quote. By the way, the maturity sum assured of the policy it self will be higher compared to the total premium paid as your age at the commencement of the policy was just 25 years.Maturity sum assured will be printed in your policy document. So far Loyalty additions have been declared only up to 16 years and the rates are also good compared to the current market rates. Calculation of exact maturity value may not be possible now if the term of the policy is more than 16 years.

Surrendering a policy in between is not a good idea and can bring you a loss. Generally speaking the maturity rates of Jeevan Saral is highly attractive compared to other plans especially for younger age group.

hi sir,

i am abhishek ,i have plan jeevan saral T165,i started in 2012, my policy term 20 years and i paiding 15313 INR quaterly premium. i want to surrendar this policy, i want to know that how much total amount i will be receive.

Surrender value quotation can be obtained from the nearest branch office. But I do advise you to keep the policy.

If you go through other sites which provide information on these plans you are likely to get advises to surrender your policies.

They claim that they are certified Financial Planners but actually they are misguiding you. Many of them are old LIC agents and have poor knowledge on the concept and working of insurance policies. You can look at the benefits and compare it will other options available and take a decision by your own. Use the calculator provided to get more information.

Hello sir, I have this Jeevan Saral policy and I have a monthly premium of Rs 10,000. I entered it at the age of 25 years in July 2013. I have few questions regarding:

1. The loyalty additions will be automatically added by LIC after 10 years and I dont need to provide additional money for this?

2. Is it advisable to surrender now (it is already 5 years since i entered the policy) and hence I should get 100% of the sum assured.

3. How do I find out the sum assured at the end?

Jeevan Saral is a good policy especially for young customers as the maturity sum assured is considerably higher when joined at an younger age. As you have joined the scheme at the age of 25 you are eligible for high maturity sum assured. Please use the calculator provided to get more information.

1. You need not pay more money for loyalty additions. It is an inbuilt benefit of the scheme.

2. Surrendering an insurance policy is not advisable in between as it brings loss to you. Further, you are loosing the insurance coverage obtained at the age of 25 at a considerably low rate. Loyalty addition is one important portion of maturity benefit and you will not get it if you surrender now. As of now you have paid only 5 years premium and maturity sum assured available will be as per the 5 year term only.

3. Maturity sum Assured is printed in the policy bond supplied to you. You can use the calculator provided at InsuranceFunda to know the maturity sum assured.

Hello Sir , I am paying term as 24020 yearly and number of terms are 20 started in 2011 age of 24 . how much amount i will get after 20 years .

As per your calculator i am getting below details :-

Yearly

24020

Maturity Sum Assured

557520

Half Yearly

12130

Loyalty Addition

Loyalty Addition declared only upto 16 year term

Quarterly

6125

Total Benefit

557520 + LA

Monthly

2042

Total Premium Paid

480400

But in the bond it says :-

Maturity sum assured :- 557520

Death benefit sum assured under main plan :- 500000

Accident benefit sum assured :- 500000

can i assume i will get sum of all these after 20 years

Your total maturity benefit shall be the sum of Maturity Sum Assured and loyalty additions. Your maturity sum assured is already known and it is Rs.557520

The loyalty addition part is yet to be declared and hence we do not know the exact value. So far loyalty additions has been declared up to 16 year term only. It will take four more years to declare loyalty additions for 20 year term. You can expect around 5,00,000 as loyalty additions as per the existing trends.

Hi Anish,

Good day,

I am paying 72000 per year ,But the agent devided in to 15 policies (4800 each) and i got 15 bonds which will mature from 16th year to 30th year(one each year).

i would like to know

1. is there any difference in loyalty addition due to divided as 15 policies.

2. if i surrender all bonds in 11th year can i get the loyalty.

3.if i surrender all the bond in 16th year how much i can get?

I think the agent has divided the policy to create a pension plan which provides income from 16 th to 30 th year. If this is the purpose one advantage is that each pension amount available every year will be tax free as it is the maturity amount. Please note that pension received is generally taxable and is added to your income. Loyalty addition is available for all policies withdrawn after 10 years. Please use the calculator provided to calculate the surrender value on the 16 th year. Keep the monthly premium as 6000 or put sum assured as 15,00,000.

hello sir ,

I have jeevan saral

Sum assured = 5lakhs

Premium half yearly = 12000

term = 20 yrs

completed 6.5 yrs.

I like to do a partial withdrawal for 2 lakhs at 10 year. will it possible.

Also brief me on Partial withdrawal.

Thanks

Partial withdrawal can be done on the 10 th year. Remember that the remaining sum Assured will get reduced after doing the partial withdrawal. Premium amount also will get reduced to the tune of remaining Sum Assured. Remaining sum assured / 250 will be the monthly premium after partial withdrawal.

Thank you sir, In this case how will be maturity amount calculated at the end of 20 year term.

Hello Sir, I started paying premium for this Jeevan Saral (Plan-165) in 2012. My sum assured is 7,50,000 and I have been paying a premium in excess of 36000 every year. Would you suggest that I continue paying the premium or should I surrender the policy? If I consider surrendering the policy should I rather wait till I complete 10 years in 2022 so that I get some loyalty bonus?

Surrendering a policy in between is not advisable due to several reasons. My advise is to continue the policy and get the maturity amount and avail the invaluable insurance coverage till maturity.

Dear Anis,

I have same policy as Mr. Abhinav Kumar and monthly premium of 3036 and started policy on June-2011. At present, I am going through some financial crisis as I lost my job and wanted to surrender my policy. Thus, can you please let me know how much amount I be getting after taxes.

Surrender value of you policy can be obtained from your nearest branch office. It is just a call away.

I am monthly paying 4080rs as premium since 2012 Oct. When can i expect Loyalty Additions.. and how much i can expect?

Loyalty addition has been declared only up to 16 year term. Next year LIC will declare it for 17 year and so on. I am unable to provide expected loyalty addition which is not yet declared.

i yearly paying 6244 as premium since 2012 july when can i expect loyalty additions… and how much can expect in 10 years

Use the calculator provided in the post to get loyalty additions and maturity value…

Hi, I purchased a Jeevan Saral Policy to help a friend who became a LIC agent. Now i do not remember why is this policy of any use to me. Can you please advise if i should continue or break it? i work and yes it helps me with tax saving. Started policy in Aug-2009, I pay 3828 quarterly(15000/-yearly)lock-in peroid -35 years, purchased at age 32yrs. Also I am confused, is it useful only incase of death to my nominee or there is maturity sum also that i will get?

Jeevan Saral is a good policy, especially for young people and as you have purchased it at the age of 32 you are eligible for a higher maturity sum assured compared to endowment plans. As the term of the plan is 35 years you are eligible for best loyalty addition rates also. it is always advisable to continue it if there is no sufficient reason to break it…

sir i taken jeevan saral policy in 2011 and my premium is half yearly 12130 for 35 years.at the time of policy purchase my age was 19 years.Now i want to quit this policy bcoz somebody told me there are no benefits of this policy.Pls tell me should i continue or break this policy.

You have done a great decision to take the policy at the age of 19 years. You can use the calculator provided to get a clear idea on the advantage of taking this policy at an young age. From the calculator you can see that the total premium paid by you is Rs 8,40,000 where as the maturity sum assured itself is Rs. 10,77,720 As the term of the plan is 35 years you will be eligible for excellent loyalty addition also. I don’t see any reason to justify closing such a scheme and loosing valuable insurance coverage along with good returns.

My LIC PLAN 165 started at 15.04.2008 Rs.250000/- half yearly premium of Rs.7536/-. I paid 14 premium last paid 15/10/2014.(seven year)My policy is laps so i want to surrender 10.5 year completed time of starting. so i want to know

that how amount i will received.

Please contact nearest LIC branch office for the Surrender value. You can consider reviving the policy also.

Dear Sir,

I hv taken 2 Jeevan Saral policies at the age of 53 years for 15 years.in Sept.2010 for Rs.7,50,000/- each. paying half yearly premium of app Rs.36000/- each.

The maturity value shown in each policy is Rs.3,28,200/- i.e. less than the total premium we are paying for 15 years and do not see any profit in it.

Please suggest, whether I should continue the same for 15 years or surrender both the policies after 10 years or surrender it immediately.

That is a difficult question to answer. Maturity sum assured is considerably low for Jeevan Saral Policy at higher ages. For a 7.5 lakh policy you are paying a half yearly premium of Rs.18195 for 15 years (Please use the calculator)and the total premium paid is 540450. The maturity sum assured is 328200 and the loyalty addition at current rates is Rs.185433. So the total expected benefit on 15 th year is 513633.

On the insurance coverage point of view you are getting an insurance coverage of 7.5 lakh + Loyalty addition + Premium Paid (excluding first years premium). So the insurance coverage up to 13.5 lakhs shall be available for you up to 68 years of age.

I am small salaried person Rs.10000/- per month . my age is 29year , I am married. Please suggest any insurance plan.

Dear Rajendra,

I don’t want to suggest to you an insurance plan based on these few details. Please approach a good insurance advisor, so that he can guide you based on your needs. By the way, Jeevan Anand is a good plan you can think of..

I have purchased Jeevan Saral policy (Plan 165) in the year 2012. My half yearly premium is Rs.24,260/-

What will be my maturity value at the end of 35 years of the policy. My age at the time of taking policy was 23 years.

Sum assured is Rs.10 lacs.

Dear Rohit,

You can use this calculator to get the expected maturity value up to 16-year term. For higher terms, loyalty additions have not been declared hence it cannot be calculated.

Hello , I am started my jeevan saral policy at 2009.My policy term is 25 year and my premium value is Rs.919.00 per month.If i want to withdraw my policy after 10 year, what amount i’ll get?

Use this Jeevan Saral calculator and keep the term as 10 years to get the value.

Hello,

I am Jeevan saralm policy holder terms 25 years.If i want to withdraw my policy after 10 years what amount should i get?

Policy start 2009

premium 919.00 monthly

Terms 25 years.

Hi Anish,

I took the Jeevan Saral policy in year 2010, with Rs29400 as yearly premium and Rs697950 is the maturity sum assured.

Can I take loan on it now? And is it interest free? Do I need to pay back or can reduce it from the final maturity amount?

I am paying extra Rs625 yearly for accident rider. Can I include term rider now? And what will be the premium.

Dear Venkat,

Loan facility is available under Jeevan Saral Plan and you can avail it from your policy. You will have to pay interest on the loan taken.

You can reduce the loan amount from the maturity payment if you are regularly paying the interest amount.

Term rider can be added only at the time of commencement of the policy.

Hii Sir,

I am enrolled with jeevan saral (Plan 165)

my term is till 2035.

I will b completing 10 years in march 2019.

Is there any facility of paying the premium for by partial withdrawal for rest of the period till maturiy.

if yes , where and how can I avail it?

I contacted the branch but received no help, as I have shifted out of India its becoming difficult to manage premium from here.

Please guide,

Thank you

Girish

Dear Girish,

Jeevan Saral plan does not have partial withdrawal facility as in case of ULIP plans. You may be referring to Partial surrender facility. Partial surrender is different from partial withdrawal. In partial surrender, you are surrendering a portion of your policy and the premium, Maturity amount and sum assured will change on partial surrender. So it is not possible to pay the premium using partial surrender.

Hello Sir I Bought Jeevan saral Policy( 165) in 2009 My age at that time was 37 Sum insured is 2212500 .I Pay quarterly premium of 30,632.Maturity Date is in 2037 Can I surrender the policy Next Year in 2019.What is the amount I will get after completion of 10 years? Thanks

Use this calculator to get the surrender value of your policy. Surrender value and maturity value shall be the same as there is no surrender charge in Jeevan saral policy.

7 percent return after 17 years onwards and gradually increasing returns are good signs of jeevan saral policy holders.

Do u feel that 8.5 to 9 percent return for term of 35 years is a possibility with jeevan saral.

With added benefits of no income tax at maturity

With an average life insurance plan.

The increase of Loyalty addition rates with the term is a good indicator of the high possible returns of long-term policies. I don’t want to guess any value. But I feel good returns are assured.

Hi Anish,

Thanks for your details on this page. Please help on below questions.

1. Where we can check in LIC official web site for bonus information, have seen the jeevan saral bonus information was mentioned for year 2010 but where to check this bonus/loyalty addition information used for calculator.

2. My policy is 35 year term and i have entered into this policy by 26 year of by age and currently 8 years completed. I can see many comment it is good to surrender more then 10th year of the policy. But considering the policy term is 35 year and if in case i surrender this policy after 10 year then loyalty addition will be paid to me or not? Otherwise any loyalty addition or bonus will be considered to paid only post completing the overall term of the policy? Please help

Thanks

Sathish

I have answered the same query. Please check it.

Hi Ashish,

Thanks for your detail in this page. Have below 2 questions, please help.

1. Per Jeevan saral policy, the loyalty addition will be added from 10th year, will this loyalty addition to be paid to customer when they surrender policy post 10 year completion even the policy term is 35 years. My policy is 35 year term and am into 8th year and facing a loss as of now, hence if i wait till 10th year then loyalty addition will be paid and which is not loss. As checked with branch, they suggested the loyalty addition can be paid only completing the policy term which is 35 years? Not understand which is true.

2. Where to check loyalty addition/bonus rates for Jeevan saral 17-18 where you have arrived the calculator?

Thanks

Sathish

The loyalty addition shall be provided to you at the time of surrender of the policy depending on the term completed as on date of surrender. So if you are surrendering on the 12 th year, you will get loyalty additions available for a policy with term 12 years.

Please check this article.

Hi Sathish,

You need not wait till the 35th year to get loyalty additions, If you surrender the plan post 10th year you will get loyalty additions depending on the period completed at the time of surrender.

Please Check this post to get loyalty addition rates of Jeevan Saral.

Hello Sir I Bought Jeevan saral Policy( 165) in 2012 My age at that time was 22 Sum insured is 200000 .I Pay half yearly premium of 4,852. Maturity Date is in 2047 Can I surrender the policy in December 2018 What is the amount I will get after completion of 10 years because i repay my personal loan? or is this policy is good for continue. Please give me advice what i do. Thanks

Jeevan Saral is an excellent policy for young people as the maturity sum assured is considerably high compared to other policies. Loyalty additions up to 17 years have been already declared by LIC and are better than expected. Loyalty additions are showing an increasing trend with the term and hence you are likely to get excellent returns. Insurance coverage of Jeevan Saral plan is also higher compared to other plans. Use this calculator to get the maturity sum assured of your policy. Surrendering such a good policy is not a good idea. Please get the surrender value from the nearest branch office.

sir i taken jeevan saral policy in 2008 and my premium is half yearly 4852 for 35 years.at the time of policy purchase my age was 23 years.Now i want to quit this policy bcoz somebody told me there are no benefits of this policy. Pls tell me should i continue or break this policy because i repay my personal loan & completed 10 year of policy

Jeevan Saral is an excellent policy for young people as the maturity sum assured is considerably high compared to other policies. Loyalty additions up to 17 years have been already declared by LIC and are better than expected. Loyalty additions are showing an increasing trend with the term and hence you are likely to get excellent returns. Insurance coverage of Jeevan Saral plan is also higher compared to other plans. Use this calculator to get the maturity sum assured of your policy.

I’ve taken Jevan Saral policy in 2012 at age 24, with an annual premium of INR 48K. The agent misguided me with the maturity plan of 21 yrs with IRR of 10%. I intend to hold the policy till maturity, but as the loyalty addition after 16 th year is still not available curious to know what will be the tentative expected IRR after 21 yrs for 48K yearly premium policy.

Dear Devendra,

Jeevan Saral is providing good returns as you can see in the post. But expecting a return of 10 % in an insurance-linked product is far from a reality.

I don’t want to do any guess works in this regard.

I had started investing in jeevan saral165 with monthly Rs. 510 premium in year 2008 at age of 46. Now after 10 years in 2018 I am getting basic amount 47000 plus bonus 16000 rupees. So total amount 63000 rupees. In last 10 years I have invested total 120 × 510= 61200. So how I am getting such a low amount which is approx. same as my investment.

Yes, This plan is more suitable for young people with age below 35 in investment angle. Further, it requires more period to get a decent maturity amount. Say 16 to 20 Years. Insurance coverage is higher compared to other plans in Jeevan Saral Basic neath coverage itself is 125000 where the total premium paid is just 61000.

Hi Anish

i took Saral policy in 2013 yearly premium 72,060 upto now i paid all premiums and like to surrender this policy .

Please let know how much i can get back

Use this calculator to get the surrender value. Keep the term of the policy as the completed period. This plan does not have any surrender charge.

I have a policy Jeevan Saral for 5 lakhs.dtd 22.12 2010

35 years period.Paying ₹24020 premium yearly.

Can any one tell me the maturity value .

Going into the calculator is difficult job.

I have made the calculator as simple as possible. Age at entry is the most important factor determining the maturity value of the policy. As you have not mentioned your age at the entry, I am unable do it for you. Use this calculator.

Hi,

I am paying Rs 766/- Quarterly premium since 10 years for my Jeevan Saral policy. If I decide to surrender the policy this year, what will be my maturity sum assured value?

Maturity sum assured varies based on the age at the time of purchase of the policy. If you want to calculate the expected surrender value, use this calculator. Keep the term as 10 years.

Good Day to you !

I have a LIC Jeevan Saral Policy, started in March 2010 (Age of entry 23).

Premium amount = Rs. 18195 half yearly

Sum assured = Rs. 750,000

Policy Term = 20 years.

If, I surrender the policy after completing 10 years (in 2020), how much amount I will get?

Please do reply.

Thanks and regards,

Shinoy

Please use this calculator. Put the term as 10 years.

HI CAN I INCREASE MY PREMIUM VALUE IN MY JEEVAN SARAL 165 PLAN , CURRENT PREMIUM 8269% QTRY

NOW I WANT TO PAID JUST DOUBLE

You cannot increase the premium of any insurance plan including Jeevan Saral after the commencement of the policy. (as the Sum Insured is increased in the process)

I am paying Rs 20,417 per year for Jeevan Saral (Plan 165) since 2013, Now, I want to know that, is it good to surrender my policy or not. pl. explain………..thanku

Do you have any reason to surrender the policy? Generally speaking, it is not advisable to surrender a conventional policy such as Jeevan Saral in between. Jeevan Saral is a good plan and has several benefits. Please use this calculator and get an idea about the possible returns and take a decision.

Hai sir I took jeeva saral in 2013 @ age of 25 for 25 years.I asked for a premium of 57,500 from my LIC agent.But he suggested to split it and made 6 plans for about 9600 each instead of a single plan (6×9600=57500). Will there be any variation in the final cumulative maturity from these 6 plan considering if i took a single plan for 57,500. Because in my case using your calculator there variation MS assured but there variation in loyal addition…..why so…Do my agent gave false promise

There is no difference in the maturity amount as there is no “high sum assured rebate” for this plan. In both cases, maturity will be the same.

I am paying an annual premium of Rs 2,12,420/-

Started at age of 34yrs. Policy term is 35yrs.

Would it be wise to continue with this policy or surrender the policy after 10yrs and invest the yearly premium into mutual funds.

I have a seperate term policy.

Please advise.

Mutual funds and Insurance policies are totally different type of investments. Mutual funds can provide higher returns but the risk is also there. On the other hand policies like Jeevan Saral provides lower but reasonable returns without any risk of loss of capital. You can choose between these two based on your risk appetite.

I have taken Jeevan saral policy @ age of 33 years age ,table 165 in 2008 for 25 years tenure for yly premium of 2940/-. What will be my SA,loyalty benefits,bonus,death benefits and accident benefits? Kindly know me asap.

You can supply the above details in this calculator to get all the details you want. Please use Sum Assured as 62500 or monthly premium as Rs 250.

I AM PAYING YEARLY PREMIUM OF RS 41242 FROM LAST 9 YEARS , PLESAE LET ME KNOW WHAT IS THE BENEFIT OF THIS AS I HAVE TAKEN 35 YEAR PLAN

bonus ?

returns after x years ?

please help me by providing some information as i am planning to quit

So far in

Jeevan Saralplan Loyalty additions up to 17 years only have been declared. (Because only 17 years are over since inception of the plan). Please use this calculator to get expected returns up to 17-year term. As of now, Jeevan Saral has provided excellent returns, especially to younger age group. It is also providing high insurance coverage. Why you have planned to quit. do you have any specific reason?Hello sir

I have paid rs 24260/- premium halfyearly for 5 years in jeevan saral plan. I was 30 when I purchased the plan and now thinking to surrender.The plan is for 21 years and sum assured is 1000000.please tell me how much I will get if I surrender .I am thinking to surrender as I have another jeevan saral plan also for which I am paying rs3062/- quarterly since last 8 years and it is for 30 years.please suggset

In case of Jeevan Saral plan loyalty additions have been declared only up to 17 years of term. So it is not possible to accurately calculate the maturity value of the plan now. As of now the returns provided for Jeevan Saral plan is great especially for younger age group. As you started the policy at the age of 30, good returns are guaranteed. Use this calculator to get the surrender value. Give the term as the period completed.

Hello sir

I have 2 jivan saral plan

1st on 2009 I paid 10 primium 6005*10 =60050

According to calculated I should get near about 74045 surrender value but my ajent Say’s you will get 54248

My 2nd policy is on 2010 it’s 9 year completed I had some financial problems so I think I will continue 2nd policy & surrender 1st one what’s your opinion? how to surrounder policy?

Please give your age at the commencement of the plan.

I HAVE TAKEN JEEVAN SARAL IN 2009 DEC. WHAT IS THE AMOUNT I WOULD GET IF I SUURENDER THE POLICY NOW

Please contact the nearest branch for the surrender value of your policy.

I have jeevan saral for 25 year with sum assured 1000000 with monthly premium 4000 but I have completed 6 years with it if I surrender my policy so how much amount I will get or do I have to continue for up to 10 year.

Please suggest

Regards

Babin Rawat

Hi Babin,

The purpose of taking a life insurance policy is to give you insurance coverage when it is most needed. Your need for insurance increases with age. So it is always better to go for a longer term policy.

In the savings angle, the returns increase considerably with term if you are taking a savings cum insurance plan like Jeevan Saral. Then why do you think of surrendering the policy?

People advice me it’s not good for long term return so I am looking to but term insurance for life cover.

I appreciate if you can give me suggestions and give me a rough idea about aurrsurre amount against my jeevan saral policy.

Many advisors do not know the concept of insurance. You can use this calculator to understand the returns up to 17-year terms of the policy. For a 25 year term, it will provide even better maturity value. It is always good to take a term assurance policy, but that should not be done after surrendering an existing policy. That is my opinion.

My Jeevan saral policy completed 10 yr in this feb. Will I get the interim bonus if I surrender the policy in Feb or Mar. or help me with the suggestion. When should I surrender the policy this year

Jeevan Saral policy does not have any interim bonus. Only the loyalty addition is payable. You are eligible for applicable loyalty addition if you have completed 10 years.

Thanks Anish Could you please advise how loyalty bonus added after 10yrs is it yrly or it follows financial yr

It is added in the policy anniversary date based on the date of commencement of the policy.

Hi Anish,

Can I increase the monthly basic premium in a running policy ?

Thank you

You cannot change anything in the policy which will increase insurance coverage, after taking the policy. When you increase the monthly premium the Sum Assured will increase as sum assured is 250 X monthly premium.

Hi Anish,

Can we increase the monthly basic premium in a running jeevan saral policy ?

Thanks

Hi Deependra,

You cannot change anything in the policy which will increase insurance coverage, after taking the policy. When you increase the monthly premium the Sum Assured will increase as sum assured is 250 X monthly premium.

So can I change the tenure from 20 years to 30 years

No it is not possible.. here insurance coverage is extended for a higher period.. so there is an increase in insurance coverage.. not in terms of Sum Assured but in terms of longer period..

Hi Anish ji,

All 4 of the people in my family have this policy. I am considering surrending all 4 due to its low returns as we still have 17 out of 25 premiums to pay.

But before I do, I wanted to know whether there are any benefits/coverage post-maturity in this policy? Or does everything end on maturity when you take your maturity SA + loyalty bonus?

Thanks a lot!

Hi Ayush,

It is a wrong notion that Jeevan Saral provides low returns. The fact is that if your age at the time of taking policy is not high and you have taken sufficiently long term policy the returns are higher than other plans of LIC. Please let me know you are comparing the returns of Saral to which other plans. Please use this calculator to understand the expected returns of Jeevan Saral.

Hi Anish,

Thanks for the reply! I had done the calculation, which is what I based my low return perception on. However, I am not sure if there any benefits or cover even after the maturity period in this policy(plan 165). I am thinking of surrendering a few of our LICs, and getting term plans instead and investing the saved money. Many thanks for you help here!

Jeevan Saral will not have any life long coverage after the completion of the term.

Hi sir, good day! Is there provision of “paid up” in 165 plan and term is 25. I have completed 7 years successful payment. Thanks.

Jeevan Saral policy has the provision of paid-up policy. The circular states as below.

“If, after at least 3 full years premiums have been paid, and any subsequent premium be

not duly paid, the policy shall not be wholly void but shall subsist as a paid-up policy

for a reduced sum. The benefit payable on death/maturity under such policies would

depend on the number of years for which premiums have been paid and shall be the

greater of:

– a sum that bears the same ratio to the full maturity sum assured as the number

of premiums actually paid shall bear to the total number originally stipulated in

the policy

OR

– the surrender value as per para 12 above assuming that the policy has been

surrendered on the date of death/maturity, as the case may be.”

Hi Anish,

I took a Jeevan Saral policy with SA of 5 lacs in 2009 at entry age 34 and for 25 years paying yearly premium of 23760. My maturity SA is 684280 alongwith LA. I am unable to bear the heavy premium and am continuing only to ensure getting the LA. I am completing 10 yrs in Aug this year. I read your comments it is not advisable to surrender it. Will I benefit more if I make it paid up that allows me to continue the policy without paying future premiums? Could you please suggest revised maturity SA, accident benefit if I make the policy paid up upon completing 10 years or is it something only branch office can tell? Thanks for your time.

Amit

Hi Amith,

Your maturity sum assured will get reduced to paid-up sum assured if you stop the premium. Paid up sum assured will be 684280*10/25 =2,73,712 Loyalty addition for this much sum assured also shall be available. As per the declared bonus rates up to 17 year term, the 25-year term is assured of an excellent rate of loyalty addition. You can get the surrender value by entering the 10-year term for the same premium paid and age in the calculator. I think this much information is sufficient to decide.

Dear Anish ji,

I took LIC Jeevan saral Policy in 2011 with quarterly premium of 3062 at the age of 24 for policy term of 25. As per your calculator I could not understand the maturity value on 25 year completion. Can you tell me the amount I may get after 25 years for policy completion. My sum assured is 2,50,000. Please suggest as I am not able to get clear maturity value. And can you tell me approximately how much percentage returm I will get on maturity.?

So much confusing information regarding LIC policy and maturity value.

Is there any maturity difference for male and female ?

Hi Anand,

LIC has not declared the loyalty addition rates for a 25 year Jeevan Saral Plan. It will be declared only on the completion of 25 years from the inception of the plan. So far it has been declared only up to the 17th year. So I cannot provide you the loyalty addition portion of the maturity amount of Jeevan Saral.

Respected Sir, I took a Jeewan Saral policy almost 10 years back and paying a regular premium of 4803/- monthly.i would complete 10 years in May19. Please suggest if I should continue the policy or surrender it now and invest the amount in MF.i don’t require a rusk cover as I have a 50 lakh term plan.please suggest

Hi Ajay Chopra,

Insurance products and mutual funds are different to the core. Insurance products provide moderate assured returns and risk coverage.

But Mutual funds are expected to give high returns in the long run. But without tax benefits and insurance. Since you have term assurance, the insurance part is taken care of.

If you are aware of market risks and is ready to invest for a reasonably long period you can go for mutual fund investment.

Dear Anish,

I have bought this Jeevan Saral 165 policy with a premium of 60675 yearly and sum assured of 1250000. I have paid 8 premiums and was thinking of surrendering. How much will I get and is it advisable?

Please contact nearest LIC branch for the surrender value. If you are Surrendering it before 10 years, loyalty additions will not be available.

Hi Anish Sir,

I have a Jeevan Saral policy since March-2009 (Paying Rs.18195 half-yearly for the last 10 years & the Policy Term is 20 years). I am planning to surrender the policy, because the investment benefits is low.

From your calculator, I found that, the amount which I can get, if I surrender now (10 years completed already) is Rs.476,534. Please confirm the same.

Also, let the know when can I get the amount from LIC after surrendering the policy. Lastly, how will be the amount return to me, if my major premium payments were from my NRE account.

Thanks,

Shinoy

Sir what should be my jeevan saral (165) surrender value if i pay rs. 1031 per month for 7 year.

Surrender value can be obtained from the nearest branch office.

Sir my jeevan saral policy was taken in dec 2008 with a monthly premium of 766 for 20 years. I would like to surrender the policy now that is after 10 years .What would be my surrender value

You can get the surrender value of your policy from the nearest branch office. You can get the approximate surrender value by using the Jeevan Saral calculator. Keep the term as 10 years.

Hi,

I had LIC Jeevan Saral policy and paying premium of 48000/- since Feb 2010 for terms of 35. My age is 36 years as of now.

Should I continue with it, or surrender for better return. I purchased this for better returns as investment.

If, I can surrender then how much I can expect as return and where I can invest that amount for good return.

Please suggest!

Thanks

You have purchased the plan at the age of 27 for a term of 35 Years. The plan offers good returns especially when the age at entry is below 30. I don’t find any reason to surrender it. There are not many plans available with better risk-free returns and insurance coverage than Jeevan Saral, in India.

You can invest in equities and mutual funds but there will be an inherent risk of losing capital with such investments. If you require any more clarifications you can ask.

Hi

I have a jeevan saral policy for which I am paying premium from last 8 years.

When I am checking the surrender value of the policy, it is discounted by some factor from the maturity sum assured for 8 years.

How this discount factor is calculated at LIC’s end?

If the policy is surrendered in the eight year the maturity sumAssured for an 8 year plan only become payable and you will not be eligible for loyalty additions as it is not available before 10 years..

Hi

I have a jeevan saral policy for which I am paying premium from last 8 years.

When I checked the surrender value of the policy, it is not showing 100% but is discounted by some accumulation or discount factor.

How is this factor calculated?

My Brother Have this Jeevan Saral policy .he has started this policy at2012 and still conitune .with the monthly permium 2042. but now if he want to surrender the policy .will they charges penalty or he will get the all amt what he paid till now.

The surrender value of any insurance policy is calculated through complex calculations. I understand that you have paid around six years of premium. If you surrender it now you will get considerably lower than the total premium paid. Get the surrender value from the nearest branch office and compare it with the total premium paid. If you require more information let me know.

I have Jeevan SARAL policy and paid premium of 8 years, wants to surrender policy after completion of 10th year, but I don’t want to pay balance 2 year of premium for 9th and 10th year.

May I want to know from expert, in this case will I be eligible to get the loyalty bonus in addition to paid premium for 8 years only.

In this case my yearly premium is 12000/- and I paid so far 96,000/- in last 8 years.

Please give your valuable inputs.

Your policy will be eligible for loyalty additions if and only if it remains in full force for at least 10 years. If you surrender the policy which has completed only 8 years premium in the tenth year you will not be eligible for loyalty additions. My advice is to pay at least two more years.

Hello sir, i started this policy Jeevan Saral on 27.04.2011, and quartely paying 12250 (yearly 49000INR). till date my investment is 416500INR. Policy Premium paying term is 20years Plan term 20years, Maturity Sum assured is 1098960 INR.

I spoked with LIC agent he told me at the end of policy maturity there will be only 1098960+ 4 or 5 Lakh only LA. And if i surrender at present i get only 4.375 Lakh.

is this correct. is this online calculator is correct. What is total maturity at the end of 20years. Shall i go for surrender or need to continue same.

please provide your valuable suggestions.

Thanks,

Manoj

Hi Manoj,

From the information provided I understand that you have taken the plan at the age of 29 Years with a monthly premium of 4000. LIC has declared loyalty addition rates only up to 17 years so far. So we are unable to calculate the benefit on the 20th year now. I would like to say the information provided by your agent regarding the maturity returns of Jeevan Saral plan is wrong.

Even for the 17-year term, the loyalty additions will be 6,13,578 for your plan as per the declared rate. As per the current rates if you close the plan in the 17th year the likely amount you will get is 15,15,898. (Maturity SA 902320 and LA of 613578. So in the 20th year, it will be definitely higher.

Please let me know if you have any more doubts.

Please correct the my previous post, surrender value is 3.475lkah only what i invested 4.165lakh

Regards,

Manoj

Thanks for your immediate reply,

So shall I need to continue till the end of 20years.

Or may I procced for surrender at the end of 11 years.

Any other plan where I invest and get good amount of returns. Since now I am in age of 37, and want to more 15 years investment plan.

Thanks,

Manoj

My recommendation is to continue the plan for the full term. Jeevan Labh 16 year term with 10-year premium payment and 21-year plan with 15-year payment are good plans with medium returns.

Thank you,

Sir, my uncle started this policy on 28.3.2011 with yearly premium of 12510. The death sum assured is 250000. policy term is 20 years. My uncle is now no more. How much money his nominee can get ???

The death benefit includes sum assured of 2.5 lakhs + total premium paid(less first-year premium ) + loyalty additions if any. To calculate this date of death and first unpaid premium details also needed.

Hello sir I am JITENDER i have a jeevan saral 165 policy my quarterly premium is 766 and 20 year plan but my SA show 62500 and I deposit 61280 in 20 year so what the benefit of policy. Only 1220 extra in 20 year

I have completed 10 year and no any bonus and loyalty received by LIC what the benefit of this policy.

Hi Jitender,

The maturity benefit of Jeevan Saral plan is the sum of Maturity sum assured and loyalty additions. The maturity sum assured of the plan varies with the age at which policy was taken. The maturity sum assured will be provided in the policy bond itself. If you want to know the maturity sum assured please give the age at which the policy was taken. Loyalty additions for this plan has been declared only up to 17 years of term. This year LIC will declare loyalty rates for 18 year term. So it will take two more years to exactly know the loyalty rates for 20 year term. You can use this calculator to understand the benefits of Jeevan saral plan.

Sir my jivan policy term is 20 years. If i surrender the policy after 10 years, will i get loyality addition?

Yes, you will get loyalty addition applicable for a 10 year plan on surrendering on the 10th year.

Thnx sir

Hi Sir,

I am kiran, I started jeeval saral in 2008 for Rs 500000 sum with a monthly premium of Rs 2042 and the term is 30 yrs.

My query is, if I surrender policy do I get loyalty. Can you please let me know how much I get in return. Is it recommended to surrender

Hi Kiran,

You will get loyalty additions if you surrender the policy after 10 years. The return of the plan can be used by this calculator. So far loyalty additions up to 17 years only have been declared by LIC and it is giving decent returns plus higher risk coverage. Surrendering an insurance policy is always a loss.

Sir, my daughter started investing Rs.60060 per annum under Jeevan Saral 165 since 2012. At the time of paying the 1st premium, her completed age was 29. This is a 15 year term policy. So far, 7 premia have been paid.

1. What will be the likely minimum amount I will get on completion of the policy assuming I pay the entire premium?

2. What is the present surrender value?

3. If I close the policy now, how much will I get now?

Hi Lavanya Raghuraman,

The likey maturity benefit based on the current year loyalty addition of Jeevan Saral plan includes the maturity sum assured of 968100 + loyalty addition of 580860 and the total benefit will be 1548960.

Don’t think of surrendering the plan now as you will not be eligible for any loyalty additions if surrendered before 10 years.

You can get the present surrender value from the nearest branch office.

Hi Sir,

I started my jeevan saral plan in 2013 September with sum assured 1500000 and premium amount ₹ 6125 and the term is 25 years. My question is how much will i get if I surrender the policy by this year.

All the calculations of Jeevan Saral are based on the age at entry. You can get the surrender value from the nearest LIC branch office. You can get the approximate value from this calculator by providing your details and giving the premium paid period as the term of the policy.

Hello Sir,

My wife has jeevan saral plan she started in dec 2013 now the policy is jn lapsed state we want to make it paid up. How many years premium is advisable to pay to make it paid up.

In order to make a policy paid up, a minimum of 3 years premium you should pay. But you cannot pay just three years premium if it is in lapsed condition for long. You will have to pay all arrear premium till date. The more you can pay it is better. If you can pay for 10 years or more loyalty addition eligibility will be there. If your policy has lapsed and even three-year premium are not paid till date, you will lose the entire money you paid. so remember to pay at least 3 years.

Sir my jeevan saral policy 165 join 2010 rs 24020 term 26 year but i surrender in 2019 after completed 10 year ……how many value recieved

You can get the approximate surrender value by using this calculator and keep the term as ten years.

I wanted to ask this for example if i have a policy which was started in 2008 and i want to surrender it as of today then how will the loyalty addition be calculated ? For 11 years or 12 years ? Because if it is calculated with 11 years then it would be less as compared to the 12th year ! Policy commencement is in the month of April 2008 !

Now as only 11 years are completed so that rate will be applicable.

My jivan saral policy detail is

Annual premium is 36030,policy term 30 yrs,age of entry is35 yrs,sum assured is 1228120 plz.let me know the surrender value after the maturity

LIC has not declared loyalty addition rates for a 35-year term of the policy but we can get the likely loyalty addition by the method of extrapolation. You can get the complete details of the plan as per the expected benefits using the calculator provided in the site itself.

well, the expected maturity amount of the plan is 26,53,000 for your plan.

Hello sir,

Paying 25000/Yr premium from last 9 years ..I want to know about loyalty benefits of policy ,these loyalty benefit declared every year( means from year 1 to 16 th year of policy payment i started) or 1 to 16th year of actual policy introduced ?

and if i surrender after 10 years of policy installments ,can i get all 10 years loyalty benefits along with sum assured ?

In Jeevan Saral plan Loyalty additions are not declared every year. It is declared and paid as a one-time payment amount at the time of maturity or surrender. Please use the calculator provided on the site to get the approximate surrender value of the policy. keep the term as 10 years in the calculator, if you want to surrender the policy on the 10th year. If you surrender the policy on the 10th year you will be eligible for the loyalty addition for a 10-year policy only. I think it is clear.