How much I will get in LIC Jeevan Saral?

How much I will get in LIC Jeevan Saral?

The monthly premium for the age group of 12 years to 49 years is Rs. 250/-, for the age group of 50 years to 60 years is Rs. 400/-. Maximum monthly premium is Rs….Illustration of LIC Jeevan Saral Plan.

Entry age as on last birthday 35
Premium amount 4704
Mode of premium payment Yearly, half yearly, quarterly, SSS

What is the maturity amount of LIC Jeevan Saral plan 165?

LIC’s Jeevan Saral (Plan 165) – Key features 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).

What is the benefit of LIC Jeevan Saral policy?

The plan provides financial protection against death throughout the term of the plan. The death benefit is directly related to the premiums paid. The Maturity Sum Assured depends on the age at entry of the life to be assured and is payable on survival to the end of the policy term.

What is the surrender value of Jeevan Saral after 10 years?

Special Surrender Value: 80% of Maturity Sum Assured if 3 or more years’ but less than 4 years’ premiums have been paid; 90% of the Maturity Sum Assured, if 4 or more years’ but less than 5 years’ premiums have been paid and 100% of the Maturity Sum Assured, if 5 or more years’ premiums have been paid.

Can I surrender Jeevan Saral after 5 years?

This comes to Rs 43,236. Special Surrender Value will be 100% of the Maturity Sum Assured, if 5 or more years’ premiums have been paid. The Maturity Sum Assured for this will be corresponding to the term for which premiums have been paid. To get the exact details you may contact the insurer.

Is Jeevan Saral a good plan?

As a non-unit linked insurance plan LIC Jeevan Saral is one of the most beneficial endowment plans that provide a lump sum amount of 250 times the premium paid. It provides the dual benefit of protection cum saving.

How is Jeevan Saral return calculated?

LIC’s Jeevan Saral is a beneficial plan which gives a lot of benefits to policyholders. Let’s understand how the death and maturity benefits of the plan are calculated. (*Loyalty additions are not guaranteed….LIC Jeevan Saral: Maturity Calculator, Benefits & Features.

Entry age 12 years
Maximum monthly premium INR 10,000

What is the benefit of Jeevan Saral plan 165?

LIC Jeevan Saral Plan Details – Table No. 165 In this plan, the premium amount is decided by the policyholder and he gets 250 times the monthly premium as Sum Assured. If the Life Insured survives the entire term, then he would receive Maturity Sum Assured + Loyalty Additions.

Can I surrender Jeevan Saral after 9 years?

Partial surrenders are also available under this plan. The policyholder can also calculate the surrender value using the LIC Jeevan Saral Surrender value calculator. Guaranteed Surrender The policy can be surrendered only after it has crossed at least 3 years.

Why Jeevan Saral is closed?

Life Insurance Corporation of India’s (LIC) Jeevan Saral, withdrawn in 2014, was in the news recently after a PIL was filed in the Supreme Court , alleging that LIC had mis-sold the product by misleading policyholders. The apex court made it clear it was not expressing any opinion on the merits of the case.

Is Jeevan Saral 165 a good policy?

Recent Posts

Categories