The LIC Jeevan Saral maturity calculator is an online tool to calculate the sum assured i.e., how much money you will get at the end of policy term as per the entered age at the time of buying, the premium amount and the tenure of the policy. With this, users can calculate how much money they can earn using the LIC Jeevan Saral plan 165 simply by providing basic details. Let’s discuss how to use the LIC Jeevan Saral Maturity calculator in detail.
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What is LIC Jeevan Saral Premium & Maturity Calculator?
LIC Jeevan Saral Maturity Calculator, also known as the Jeevan Saral Plan 165 Maturity Calculator, helps to calculate how much a life assured can receive at the maturity of the LIC Jeevan Saral Plan (165). This calculator, provided by LIC is specially designed for individuals who are looking to plan for the future or check if their investments are matched with their financial goals. The Jeevan Saral (Plan-165) Maturity Calculator is also known as the Jeevan Saral Plan 165 Maturity Calculator.
How Does LIC Jeevan Saral Maturity Calculator Work?
The LIC Jeevan Saral Plan 165 Maturity Value Calculator computes maturity sum assured as per entered Age at the time of purchase, Term and Premium and adds Loyalty addition. It calculates the maturity benefit amount and the with-profit bonus rate for the current year. This gives you a clear picture of whether the coverage is sufficient to meet your family's needs along with your financial planning. You can easily find out the maturity benefit of the LIC Jeevan Saral policy using the LIC Jeevan Saral Policy Maturity Calculator, as shown below:
To use the LIC Jeevan Saral Maturity calculator, you need to type in:
Policy Term: The number of years you chose when you bought the policy (for example, 10, 15, 20, or 25 years).
Annual Premium: The amount you pay every year.
Entry Age: Your age when you purchased the policy.
Based on the information given, the calculator will give you:
Guaranteed Maturity Sum Assured (MSA): The amount LIC promises to pay when the policy ends.
Loyalty Additions: LIC adds extra bonuses to the MSA that are not guaranteed.
Key Features of Jeevan Saral (Plan No. 165) Maturity Calculator
Simple and user-friendly interface: The calculator is a simple tool that makes it easy for users to enter their data and understand the output, even if they don't have any technical background.
Instant estimation without login: Without having to register or log in, users can get the estimated maturity value immediately, thus saving their time and energy.
Option to include or exclude the bonus: The calculator makes it possible for users to decide whether they want to include or exclude the provided bonus, thus allowing them to check different potential maturity results.
Graphical presentation of maturity value: The outcome of the maturity value is presented visually through charts or graphs that correctly inform and clarify the composition of the maturity value leading to better understanding and thus higher clarity.
Approximate values based on assumptions: Maturity sums indicated are approximate only as they have been derived from standard assumptions, thus users are given a reasonable estimate rather than an exact figure.
Calculate your LIC Premium
Years
₹
Years
15
20
25
30
Lifetime income
₹1.68 Lacs
Total returns
₹3.22 Cr
*for market linked plans only
How To Use LIC Jeevan Saral 165 Maturity Calculator?
To use the LIC Jeevan Saral 165 maturity calculator, follow these steps:
Step 1: Go to the official LIC website.
Step 2: Go to the How Much You Need section and click the Calculate Premium button.
Step 3: Enter your name, date of birth, gender, contact information, and other basic information. Click Next. After that, click Quick Quote.
Step 4: From the plan list choose LIC Jeevan Saral 165 plan. Then press Coverage.
Step 5: The calculator will present the results, revealing to you the premium amounts and plan benefits.
Using the LIC Jeevan Saral 165 Maturity Calculator is a simple process. Like the standard LIC calculator, the steps are easy to follow and will lead to accurate results.
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:
Entry Age
Policy Term
10 years
15 years
20 years
25 years
20
11,156
19,628
28,039
36,839
30
11,053
19,300
27,345
35,492
40
10,431
17,839
24,598
30,854
The above sample does not indicate loyalty additions, given that they are not guaranteed and the amount is not defined.
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Benefits of Using the LIC Jeevan Saral 165 Maturity Calculator
The LIC Jeevan Saral Policy Maturity Calculator is important to policyholders and individuals considering this policy. Here's why:
Accuracy: With the help of this plan maturity calculator, you can be sure of the amount of money you will get at maturity and plan your finances accordingly.
Time-saving: The LIC Jeevan Saral with Profits Maturity Calculator reveals the benefits breakdown to the user without any kind of hidden details.
Easy comparison: Such devices like the Jeevan Saral (Plan, 165) Maturity Calculator make it easier for one to understand the returns disbursement clearly.
Transparency: Save time with fast, accurate calculations by using the Jeevan Saral 165 Maturity Calculator, especially when planning Jeevan Saral maturity after 15 years.
Informed decision-making: Using the Jeevan Saral Calculator, you can comfortably compare policy terms and premiums for better decision-making.
How to calculate LIC Jeevan Saral Maturity Amount?
To calculate the LIC Jeevan Saral maturity amount, enter details such as policy term, premium amount, age, and sum assured into the maturity calculator. It estimates the final payout by considering accumulated premiums, applicable loyalty or terminal bonuses, and standard LIC assumptions.
How is GSV calculated with the LIC Jeevan Saral 165 maturity calculator?
Under the LIC Jeevan Saral Plan 165 Maturity Value Calculator, GSV is calculated as 30% of the total premiums minus the 1st-year premium.
Is the death benefit calculated by excluding the rider benefits in this LIC Jeevan Saral Maturity Calculator?
Yes, under the LIC Jeevan Saral Plan 165 Maturity Value Calculator, the death benefit is calculated excluding rider benefit and 1st-time premium.
What flexible payment modes does the LIC Jeevan Saral Plan 165 maturity calculator allow?
The LIC Jeevan Saral Maturity Calculator shows payment options for every month, every half year, every quarter, and every year.
How is the LIC Jeevan Saral Plan 165 maturity amount calculated?
The LIC Jeevan Saral policy maturity amount is the sum assured plus any loyalty bonuses. You can easily figure out this amount with the LIC Jeevan Saral Plan 165 maturity calculator.
What is the LIC Jeevan Saral Loyalty Addition Calculator?
The LIC Jeevan Saral Loyalty Addition Calculator is another online tool that can help you figure out how much Loyalty Addition a participating life insurance policy might get.
Is the maturity value calculated by the LIC Jeevan Saral Maturity Calculator guaranteed?
No, the Maturity Value Calculator for LIC Jeevan Saral Plan 165 is just a tool to give you an approximate maturity value based on past data and calculations. Remember, there are several factors that can influence the actual outcome of a policy and thereby change the number you see; these factors could include, but are not limited to, economic trends, the policy's performance, and so on.
What are the tax benefits under LIC Jeevan Saral Plan 165?
Under Section 80C of the Income Tax Act, 1961, tax benefit can be availed on the LIC Jeevan Saral Plan 165. The collection of tax deduction for this plan can be done on all premiums paid, amounting up to ₹1.5 lakh yearly.
What is the current interest rate used in Jeevan Saral calculations?
The interest rate used for computing the returns with the LIC Jeevan Saral calculator is 10. 5% per annum, with compounding done half-yearly. This rate of interest is what essentially dictates the progression of the maturity amount through the Jeevan Saral Plan 165 over time, which effect becomes more pronounced the longer the duration is, say 15 or 20 years.
What is the bonus rate of LIC Jeevan Saral?
The bonus rate for LIC Jeevan Saral changes every year. For instance, the rates for 2020–2021 were ₹34 to ₹45 for ₹1,000 sum assured. There may also be policies with loyalty additions and a terminal bonus. You can use the LIC Jeevan Saral with Profits Maturity Calculator or Jeevan Saral (Plan-165) Maturity Calculator to estimate these benefits.
*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
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
++Returns are 10 years returns of Nifty 100 Index benchmark
˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in