Life insurance is the main component of financial planning in India. It provides protection and savings. LIC Jeevan Saral (Plan 165) is one of the widely discussed plans because of its flexible premium structure and maturity benefits. In this article, we will learn about the LIC Jeevan Saral maturity calculator, its importance, and its uses.
What Is LIC Jeevan Saral (Plan 165)?
LIC Jeevan Saral (Plan 165) is a life insurance policy offering flexible premium options and sum assured. The plan helps the policyholders to decide the premiums, and the death sum assured is automatically defined as 250 x monthly premium.
Why Use a LIC Jeevan Saral 165 Maturity Calculator?
Before buying the policy, you must know how much you will get at maturity for strategic planning. You can use the LIC Jeevan Saral maturity calculator to estimate your maturity value depending on your age, premium amount, policy term, and loyalty additions.
The main purposes of the LIC Jeevan Saral Plan 165 maturity value calculator are:
- Determine the total maturity value that you want at the end of the policy term.
- Understand loyalty additions and their impact on final payouts.
- Comparing potential returns with other plans.
The plan is not market-linked, like the ULIP LIC Jeevan Saral Plan 165 calculator, which provides clear details about the guaranteed maturity amount and loyalty additions.
How does the LIC Jeevan Saral Maturity Calculator Help? – An Example
Aman started the plan at the age of 30 years, and the monthly premium is Rs. 4,000. The term he chose is 20 years. The maturity amount calculated by the LIC Jeevan Salary 165 maturity calculator will be approximately Rs 12,20,000. This figure will help Aman to understand the plan and plan his finances and future goals.
How to use the LIC Jeevan Saral 165 Maturity Calculator?
To use the LIC Jeevan Salar 165 maturity calculator, you need to provide some important details such as:
- Entry age
- Policy term
- Premium amount
- Premium payment mode
After entering these details, the LIC Jeevan Salary Plan 165 maturity calculator will provide you with estimated annual premiums, total premium paid, maturity sum assured, maturity value, and loyalty additions. Here is the simple process to follow to use the LIC Jeevan Saral Maturity Calculator:
- Go to the official website of LIC or any other reliable platform offering calculators.
- Enter your age between 18 and 60 years.
- Choose the plan term 10-35 years.
- Enter the chosen premium mount and payment mode.
- Press “calculate” to get estimated results about your maturity value and other details.
How Maturity Value is Calculated?
The maturity value of the LIC Jeevan Saral is:
Maturity sum assured + Loyalty Additions
- Maturity Sum Assured
It depends on your entry age and term policy. The younger age policyholders can get a higher maturity amount.
- Loyalty Additions
The loyalty addition is declared during the policy term based on the profit and experience of the company. It is not guaranteed, but if added, it will increase your maturity value.
Surrender Value and Continuation Options
If you plan to discontinue the policy, you get the option to surrender it after paying premiums of full 3 years. You will get the Guaranteed surrender value or the special surrender value, depending on the number of years you have paid the premiums.
Here, the LIC Jeevan Saral 165 maturity calculator will help you determine the surrender value. You can decide whether surrendering is a good option for you or not.
Practical Tips for Policyholders for using LIC Jeevan Saral 165 Maturity Calculator
If you are a policyholder and using the LIC Jeevan Saral 165 maturity calculator, you need to keep the following tips in mind:
- Use the LIC plan 165 maturity calculator early and estimate the benefits you will get under the plan.
- Keep updating the details with actual loyalty additions declared by LIC. It will give you more accurate results.
- Compare the maturity amount with other plans or investment options to see if the plan is actually beneficial with you or meets your goals.
LIC Jeevan Saral Maturity Calculator 2026 Example
Here are the results provided by the LIC Jeevan Saral maturity calculator for different parameters. The details provided in the table below are estimated; the actual calculation will depend on your details:
| Policy year | Annual premium | Cumulative premium | Loyalty Additions* | Guaranteed Death Benefit | ||
| Case 1 | Case 2 | Case 1 | Case 2 | |||
| Year 1 | INR 4704 | INR 4704 | NA | NA | INR 100,000 | INR 100,000 |
| Year 5 | INR 4704 | INR 23,520 | NA | NA | INR 119,200 | INR 119,200 |
| Year 10 | INR 4704 | INR 47,040 | INR 7000 | INR 18,000 | INR 150,200 | INR 161,200 |
| Year 15 | INR 4704 | INR 70,560 | INR 13,000 | INR 41,000 | INR 180,200 | INR 208,200 |
| Year 20 | INR 4704 | INR 94,080 | INR 30,000 | INR 100,000 | INR 221,200 | INR 291,200 |
| Year 25 | INR 4704 | INR 117,600 | INR 65,000 | INR 211,000 | INR 280,200 | INR 426,200 |
| You May Like to Read: LIC Kanyadan Policy 833 Maturity Calculator
Conclusion
The LIC Jeevan Saral maturity calculator is a tool that helps the policyholder determine the maturity value, premium amount, and other details about the plan. The policyholders can make critical financial decisions based on the estimated value provided by the calculator. You can also determine the surrender value and decide if it is beneficial to discontinue the plan or not.
LIC Jeevan Saral Maturity Calculator – FAQs
What is the LIC Jeevan Saral Plan 165 calculator?
Ans. The LIC Jeevan Saral Plan 165 maturity calculator is a digital tool to determine the maturity value and other information about plan benefits. The results depend on entry age, premium amount, policy term, and loyalty additions.
How does the LIC Jeevan Saral maturity calculator help to calculate the maturity amount?
Ans. The LIC Jeevan Salary Calculator adds the maturity sum assured and loyalty additions to provide the final maturity amount.
Is the maturity amount estimated by the LIC plan calculator accurate?
Ans. The results provided by the maturity calculator are estimated. The accurate amount can vary depending on your details and loyalty additions.
Is it possible to use the LIC Jeevan Saral Plan 165 calculator after surrendering the policy?
Ans. Yes, you can use the LIC Jeevan Saral plan calculator even after surrendering the plan as a new buyer. You can enter the new details and get the estimated maturity value.
What details should I enter in the LIC Jeevan Saral 165 maturity calculator?
Ans. You need to enter your age, premium amount, policy term, and premium payment frequency. It will help you get the estimated maturity value.
