The maturity amount in LIC Jeevan Saral (Table No 165) is Maturity Sum Assured (MSA) + Loyalty Addition (LA) declared in the year of maturity. For calculation of maturity amount, this maturity calculator calculates maturity sum assured as per entered Age at the time of purchase, Term and Premium and adds Loyalty addition to provide approx maturity value.
Jeevan Saral (165) Loyalty Addition is available along with Maturity Sum Assured (MSA) on Death, Surreder or Maturity provided premiums for atleast 10 years have paid. This Loyalty Addtion is based on yearly premium bands and policy term. Following table provides Loyalty Addition rates for Financial Year 2016-17.
|Term (Duration)||Yearly Premium Bands|
|Up to 5000||5001 to 20000||20001 to 50000||Above 50000|
Wrote : 01-11-2017 23:56:05
sir I had open a jivan saral policy & it will be matured in 2022. Its yearly EMI is 18015. How many amount will be released against the policy.
Replied : 06-11-2017 11:06:56
Please find your death sum assured and policy term on your policy receipt or policy document and use above calculator.
Wrote : 01-11-2017 19:38:34
Is loyalty addition for jivan saral is added every year till maturity ? Or it's only one time addition at maturity
Replied : 06-11-2017 11:10:43
It is one time addition to maturity sum assured (MSA) and added in case of death or maturity. It is also added (on time) in case of surrender.
Wrote : 18-08-2017 21:14:41
I have a Jeeva Saral Plan 165 policy bought on 18th Dec 2010 when my age was 44 years with a term of 16 yrs. The sum assured is Rs750000. Your Policy Maturity calculator is showing a Maturity value of only Rs 533910+Loyalty Addition. How can the Maturity value be less than Sum Assured? Is this correct?
Replied : 28-08-2017 10:39:16
In your case, 750000 is death sum assured which is minimum guaranteed amount to be paid in case of death during policy term and it 250 times of monthly premium for all ages (up to 49), while maturity sum assured of this particular plan depends premium, term and age. You may find your Maturity Sum Assured on your policy document.
Wrote : 10-07-2017 15:09:06
Me yearly 12000 ber raha hu or me 10 sal ke bad policy close kar du to muje metturity + loyyality addition milake kitni amount milegi
Replied : 10-07-2017 20:11:56
Your Sum assured (Death Sum assured) is 250000, please use above calculator to know approx maturity yourself.
Wrote : 26-06-2017 12:11:50
Lic table no. 165 ATM plan hai mera. 2043me maturity hoga. Maine plan 2012 me liya hai or mera dob. 20march 1981 hai. Mai 6065rs half year primiam jama krta hu. Mujhe last time kitna labh milega
Replied : 03-07-2017 21:43:12
Please find your sum assured and term on policy document and use above calculator.