The popular endowment plan, LIC Jeevan Saral plan 165, offers you various unique features and benefits that are not provided by other plans. This is why this is one of the highest-opted insurance policies in the country. However, it is essential to know the details of the policy before buying it. You can quickly determine the benefits, premiums, and many other policy details using the LIC Jeevan Saral plan 165 maturity calculator.
It offers you quick details about the policy’s different aspects and helps you compare various policies to choose the best one for yourself.
Let’s understand more about LIC Jeevan Saral Plan 165 maturity calculator and other policy details.
What is LIC Jeevan Saral Plan 165?
LIC Jeevan Saral plan 165 is the best endowment plan which offers flexible choices to the buyers related to plan term and premium paying modes. These are the factors that decide the maturity benefits and the death benefits of the plan. You can also determine the plan’s benefits using the LIC Jeevan Saral 165 Maturity Calculator.
Features of LIC Jeevan Saral Plan 165
The features offered by the Jeevan Saral 165 plan are unique, which attracts policy buyers.
- LIC Jeevan Saral plan 165 offers you the sum assured, 250 times the monthly premium amount.
- If the policyholder lives through the entire policy term, the plan offers loyalty additions if the policy continues for more than 10 years. The sum assured is also provided to the policyholder.
- From the 4th year of the policy, you will be eligible to claim the surrender benefits. However, the policyholder can surrender the policy after 3 years.
- You are not required to pay the penalty if you surrender the plan after 5 years.
What is LIC Jeevan Saral Plan 165 Maturity Calculator?
LIC Jeevan Saral Plan 165 maturity calculator helps you determine if you can afford the plan and determine your budget for buying the plan. To use the LIC Jeevan Saral plan 165 maturity value calculator and get accurate results, you need to enter the details of the policy term, entry age, term of the premiums, sum assured, etc.
Benefits of LIC Jeevan Saral Plan 165 Maturity Calculator
The policyholders buying the LIC Jeevan Saral Plan 165 say that the LIC Jeevan Saral 165 Maturity Calculator has helped them accurately determine the maturity value. This is the reason that this is considered the most valuable online tool.
Let’s have a look at the benefits of the lic jeevan saral plan 165 maturity calculator:
1. Instant results
As mentioned, the lic jeevan Saral plan 165 maturity calculator offers the results within seconds. You must enter some details, and you will get the result instantly.
2. Unlimited use
One of the benefits of the lic jeevan saral plan 165 maturity calculator is that you can use it as many times as you wish. There is no limit to using the tool. You can try repeatedly with different inputs unless you get the desired output.
3. Easy to use
The lic jeevan saral plan 165 maturity calculator is very easy to use. It has a user-friendly interface that you can understand easily. It will ask you for some details about your age, policy, etc, and give you accurate results.
4. Customized results
As the maturity benefits change with the change in the policyholder’s age, income, desired coverage, premium, etc. The lic jeevan Saral plan 165 maturity calculator offers customized results according to the details entered by you.
5. No miscommunication
Although there are LIC agents who provide you with the policy details according to your age, premium, Sum assured, etc., there is a chance of miscommunication. The lic jeevan Saral plan 165 maturity calculator offers the most accurate results, eradicating miscommunication by third parties.
6. Free of cost
Using the LIC Jeevan Saral plan 165 maturity calculator is free of cost and can be used on mobile or computer easily with an active internet connection.
Why should use LIC Jeevan Saral 165 Maturity Calculator?
Many people ask why they should use the LIC Jeevan Saral plan 165 maturity calculator when they can manually calculate or ask the agent. First, you must know that the lic jeevan Saral plan 165 maturity value calculator is easy to use and instantly provides results.
Let’s discuss some of the reasons to use the LIC Jeevan Saral plan 165 surrender value calculator below:
- The LIC Jeevan Saral 165 Maturity Calculator allows you to accurately determine the premium return rate.
- You can calculate the change in premium if you choose any rider. This will assist you in choosing the rider’s benefit for accidental death and disability.
- The calculator works according to age, income, fund options, return rate expectations, etc. So it is essential to enter the correct details.
- You can use the LIC Jeevan Saral 165 Maturity Calculator on the official website of the LIC, which is 100% reliable and accurate.
- Try with different inputs if the calculations do not show the coverage you require.
How to use LIC Jeevan Saral Plan 165 Maturity Calculator?
With the simple steps mentioned below, you can use the LIC Jeevan Saral plan 165 surrender value calculator quickly and accurately. Let’s have a look at the steps:
- Visit LIC’s official website and click on “Online Customer Portal.”
- Now, go to the calculation sections, and you will be redirected to the external website.
- Here, you must fill in essential details like age, date of birth, and contact details.
- Click on the icon showing “LIC Jeevan Saral policy.”
- Enter policy details and click on calculate.
- Now, you can see the automatically calculated maturity amount, death claim, and surrender value.
Factors Required to Use LIC Jeevan Saral 165 Maturity Calculator
To get the results, you must enter some factors in the lic jeevan Saral plan 165 maturity calculator. If you enter the correct details, you will get the correct information about the maturity benefits of the plan. The factors are listed below:
- Entry age
- Policy term
- Sum assured
- Premium amount
These factors decide the maturity benefits of the plan. You can change the premium amount and Sum assured to get the desired coverage.
Eligibility Criteria for LIC Jeevan Saral Plan 165?
|Policy Term||Entry age||Max. maturity age||Payment modes||Monthly premiums||Minimum Sum Assured|
|10 years to 35 years||12 years to 60 years||70 years||Monthly, half-yearly, quarterly, and annual||Rs. 250 – Rs. 10,000||Rs. 1,00,000|
Illustration of LIC Jeevan Saral Plan 165 Maturity Calculator
Let’s understand the outputs of lic jeevan saral plan 165 maturity value calculator according to the inputs mentioned below:
|Monthly premium||Term||Entry age|
|Rs. 400||30 years
|Total premium||Guaranteed SA||Loyalty addition||Total maturity benefits|
|Rs. 1,44,000||Rs. 1,62,416||Rs. 76,480||Rs. 2,32,896|
LIC Jeevan Saral Plan 165 Surrender Value Calculator
Like the LIC Jeevan Saral Plan 165 maturity calculator, the LIC Jeevan Saral Plan 165 surrender value calculator works for calculating the surrender value. You can opt for the surrender option if you have paid three premiums.
Special Surrender Value / Guaranteed Surrender Value = 30% of total premium amount – (1st year premium+ rider payments)
The surrender value of the Jeevan Saral 165 policy for five years premium is 100% of the maturity sum assured.
The Jeevan Saral 165 policy surrender value for a 4-5 years premium is 90% of the sum assured, while for 3-4 years, the premium is Rs. 80% of the Sum assured.
LIIC Jeevan Saral 165 is no doubt a very beneficial plan. However, it is essential to explore it before buying. Lic Jeevan Saral plan 165 maturity value calculator and lic jeevan saral plan 165 surrender value calculator will help you get a complete insight into the plan.
LIC Jeevan Saral Plan 165 Maturity Calculator – FAQs
Can I Use lic jeevan saral plan 165 maturity calculator for calculating GSV?
Ans. Yes, you can use the lic jeevan saral plan 165 maturity calculator to determine the GSV. It is calculated as 30% of the total premium paid in the policy tenure minus the 1-year premium.
Are there flexible payment modes available for LIC Jeevan Saral plan 165?
You can pay premiums monthly, half-yearly, monthly, and annually.
How can the lic jeevan Saral plan 165 maturity value calculator determine the maturity amount?
Ans. LIC Jeevan Saral plan 165 maturity calculator allows you to determine the maturity amount quickly with some essential details such as premium amount, sum assured, etc.
What are the fees for using the lic jeevan saral plan 165 maturity value calculator, and how many times can we use it?
Ans. LIC Jeevan Saral Plan 165 maturity calculator is free of cost and can be used multiple times. There are no fees or limits on use.
What are the requirements for lic jeevan saral plan 165 maturity calculator?
Ans. There are no special requirements for lic jeevan saral plan 165 surrender value calculator. You require a mobile or computer with an active internet connection and policy details.