LIC Jeevan Saral Maturity Calculator

What is LIC Jeevan Saral Premium & Maturity Calculator?

LIC Jeevan Saral Premium and Maturity Calculator is an online tool that helps potential customers calculate their LIC Jeevan Saral Policy premiums. This calculator by the LIC of India 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 of their LIC Jeevan Saral policy.

Since the plan is not available to purchase now, you can check the maturity amount using the LIC Jeevan Saral with the profits maturity calculator if you already have the policy in force. You can also calculate the amount manually based on the year's bonus rate declared by LIC.

Policybazaar’s Online calculator also allows you to check the premium and maturity amount of your Term Insurance Plan.

Benefits of using the LIC Jeevan Saral 165 Maturity Calculator

The LIC Jeevan Saral Maturity Calculator is important to 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 an investment's returns. The LIC Jeevan Saral Maturity Calculator helps with 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 be used to compare different policies. By estimating the potential outcomes of various policies, users can make more informed choices.

How Does LIC Jeevan Saral Maturity Calculator Work? 

The LIC Jeevan Saral Plan 165 Maturity Value Calculator is an online tool on the LIC’s official website. It calculates the maturity benefit amount and the applicable with-profit bonus rate for the year. This gives you an idea of whether the coverage is enough to fulfill your family’s needs while aligning with your financial planning.

Here is how you can calculate the LIC Jeevan Saral maturity benefit using the LIC Jeevan Saral Calculator 

Factors considered by the LIC Jeevan Saral 165 Maturity 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 requires you to fill in the above details based on the policy's fixed eligibility criteria.

LIC Jeevan Saral Sample Maturity Calculation

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:

The above sample does not indicate loyalty additions, given that they are not guaranteed and the amount is not defined. 

Why Use The LIC Jeevan Saral (With-Profits) Maturity Calculator?

• 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. 

• The LIC Jeevan Saral Plan 165 Maturity Value Calculator is featured on LIC's official platforms, which indicates its reliability.

• If you feel that the maturity benefit or returns shown on the LIC Jeevan Saral Plan 165 Maturity Calculator do not meet your expectations, you can customise the inputs to arrive at your desired coverage.

• The LIC Jeevan Saral Maturity Calculator can be used multiple times to understand 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.

FAQs