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What is plan No 165 in LIC?

What is plan No 165 in LIC?

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.

What is the maturity amount of Jeevan Saral after 10 years?

LIC Jeevan Saral: Maturity Calculator, Benefits & Features

Policy year Annual premium Guaranteed Surrender Value
Case 1
Year 10 INR 4704 INR 50,360
Year 15 INR 4704 INR 88,200
Year 20 INR 4704 INR 136,124

How maturity value of Jeevan Saral is calculated?

A4. LIC Jeevan Saral policy maturity amount is equal to the sum assured plus loyalty additions. You can use the LIC Jeevan Saral 165 maturity calculator to calculate this amount without any hassle.

What is the maturity amount of Jeevan Saral plan 165?

There is no minimum age at maturity but the maximum age is 70 years. 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/-….LIC Jeevan Saral – Eligibility Criteria.

Minimum Maximum
Age at Maturity (last birthday) 70 years

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.

What is the bonus rate of LIC Jeevan Saral?

LIC’s Jeevan Saral – Loyalty addition rates 2021-22 (2021 March Valuation) Jeevan Saral (Plan 165) has been a very popular plan from the LIC of India. This Year LIC has declared the loyalty addition rates for the 19-year term also and the rate ranges from 670 to 930 as per the monthly premium band.

How can I surrender Jeevan Saral plan 165?

For surrender, you can contact your insurance agent or the nearest LIC branch and fill the surrender application form along with a cancelled cheque and a mandate form for direct credit to your bank account.

What is LIC maturity date?

What is Maturity Date? It is a date on which the principal amount of a note or draft or acceptance bond or another type of debt instrument becomes due and is repaid to the investor and the interest payments stop.

Is LIC Jeevan Saral plan 165 a good plan?

LIC Jeevan Saral (Plan 165) – Details, Calculators, Review, and Illustrations. Jeevan Saral (plan 165)is one of the most ‘flexible’ and ‘feature rich’ conventional endowment type plan ever launched by LIC of India.

What is the bonus rate of LIC plan?

Bonus rates are declared as Simple Reversionary Bonuses in LIC. This means the bonus rates will not be compounded. Bonus rates thus declared shall be applicable for Rs. 1000 Sum Assured of the respective plan for that particular year. For example, The bonus rate of New Endowment (Plan – 914) for the 21-year term is Rs. 45 per 1000 Sum Assured.

What is the sum assured under LIC Jeevan Saral policy?

Under Lic Jeevan saral policy, accidental death and disability benefit rider is available up to maximum sum assured of 50 lakh. PDB (Permanent Disability Benefit) is not available under this plan. Sum assured for this rider is death sum assured (not maturity sum assured).

What is the sum assured on death in LIC policy?

Also, unlike other LIC policies, this policy also gives back the premium amount along with sum assured on death. One can choose the premium on a monthly, quarterly, half-yearly or yearly basis as per their convenience. In this plan, your sum assured is equal to 250 times the monthly premium.