LIC Jeevan Saral Maturity calculator is an online tool that helps potential customers calculate the premiums and maturity value of their LIC Jeevan Saral plan. LIC withdrew LIC Jeevan Saral's plan during the Financial Year 2013-14. However, the policyholders who purchased LIC Jeevan Saral before its withdrawal date will continue to receive the benefits associated with their policy as per the terms and conditions agreed upon at the time of purchase.Read more
LIC Jeevan Saral Premium and Maturity Calculator is an online tool that helps prospective customers to calculate the premiums for their LIC Jeevan Saral Policy. This calculator by the Life Insurance Corporation of India (LIC) estimates the premium payable and maturity amount.
By inputting key details such as the policy term, premium amount, and sum assured into the calculator, users can receive an approximate calculation of the maturity value their policy might accrue.
Since the plan is not available to purchase now, however, if you already have the policy in force, you can check the maturity amount using the LIC Jeevan Saral with profits maturity calculator. You can also calculate the amount manually as per the bonus rate declared by LIC for the year.
The LIC Jeevan Saral Maturity Calculator holds significant importance for policyholders and individuals considering this policy. Here's why:
Informed Decision-Making: The calculator allows the policyholders to make informed decisions. By estimating the potential maturity value, individuals can better understand the policy's financial impact and whether it aligns with their long-term goals.
Financial Planning: Long-term financial planning often involves assessing the returns of an investment. The LIC Jeevan Saral Maturity Calculator helps in financial planning by offering insights into the amount policyholders might receive upon maturity, assisting them in setting realistic expectations and goals.
Comparison Tool: For those considering multiple insurance options, the maturity calculator can serve as a tool for comparing different policies. By estimating the potential outcomes of various policies, users can make more informed choices.
LIC Jeevan Saral Plan 165 Maturity Value Calculator is an online tool featured on the LIC’s official website that calculates the entitled maturity benefit amount along with the applicable with-profit bonus rate for the year. This gives you an idea if the coverage is enough to fulfil your family’s needs while being in sync with your financial planning.
Here is how you can calculate the LIC Jeevan Saral maturity benefit using the LIC Jeevan Saral Calculator
The LIC Jeevan Saral with profits maturity calculator uses the following details to give accurate estimates of the benefit amount –
Entry age – The age at which the policyholder wants the cover to start.
Policy term – This is the duration for which the policy will last.
Sum assured – This is the amount the user wants to receive as a maturity benefit at the end of the policy term.
Premium amount – Policyholders can choose how much premium they can afford to pay for the desired sum assured.
The LIC Jeevan Saral calculator will require you to fill in the above details based on the fixed eligibility criteria of the policy.
The following table illustrates the LIC Jeevan Saral maturity sum assured against a monthly premium of Rs. 100 with respect to the indicated policy term and entry ages:
|Entry Age||Policy Term|
|10 years||15 years||20 years||25 years|
The above sample does not indicate loyalty additions, given that they are not guaranteed and the amount is not defined.
The LIC Jeevan Saral Maturity Calculator allows you to choose the expected rate of return on the premiums invested to give accurate estimates.
You can also choose the rider benefit against accidental death and disability to get an estimate of the change in premium payments and the subsequent benefit amount.
LIC Jeevan Saral Plan 165 Maturity Value Calculator is featured on the official platforms of LIC, thereby indicating the reliability of the tool.
If you feel like the maturity benefit or returns shown on the LIC Jeevan Saral Plan 165 Maturity Calculator are not as per your expectations, you have the option to customise the inputs to arrive at your desired coverage.
The LIC Jeevan Saral Maturity Calculator can be used multiple times to gain insight into how the premium varies on increasing or decreasing the maturity value.
LIC Jeevan Saral Plan 165 Maturity Value Calculator prevents miscommunication by eliminating third-party agents.
LIC Jeevan Saral Maturity Calculator is free of cost and can be used from the comfort of one’s home.
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*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
+Returns Since Inception of LIC Growth Fund
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