LIC Jeevan Saral (Plan 165) Premium & Maturity Calculator
Model LIC's highly unique, premium-driven savings and life insurance plan. Estimate guaranteed death benefits, maturity values, and potential surrender payouts based on actual policy tables.
Estimated Maturity Returns
₹4,51,193
Maturity Sum Assured + Loyalty Additions (Declared by LIC)
First Installment (GST)
₹1,045
Frequency: monthlyRenewal Installment (GST)
₹1,023
Post Year 1Complete Guide to LIC Jeevan Saral (Plan 165)
LIC's Jeevan Saral (Plan 165) is one of the most widely discussed endowment policies ever issued by the Life Insurance Corporation of India. Unlike traditional policies that calculate premiums based on a fixed Sum Assured, Jeevan Saral operates on a premium-driven model. The policyholder decides a monthly premium budget (starting at ₹250), and the corresponding benefits are determined based on their entry age and policy term.
LIC officially withdrew Jeevan Saral (Plan 165) in 2014 following consumer concerns regarding maturity payouts. Because the plan allocates a large portion of premiums to fund high death cover (250x monthly premium) for older entry ages, policyholders entering after age 45 often found their guaranteed Maturity Sum Assured was lower than their total premium paid. This calculator helps active policyholders evaluate their options: keep the policy to maturity, or surrender it.
Plan Eligibility & Parameters
| Policy Parameter | Details & Limits |
|---|---|
| Minimum Entry Age | 12 Years |
| Maximum Entry Age | 60 Years |
| Maximum Maturity Age | 70 Years |
| Minimum Monthly Premium | ₹250 per month (in multiples of ₹50) |
| Death Benefit Sum Assured | Fixed at 250 times the chosen monthly premium |
| Policy Term Selection | 10 to 35 Years |
Understanding Maturity vs. Surrender Calculations
Jeevan Saral differs significantly from standard endowment policies. Below is how the policy pays benefits under various conditions:
At Policy Maturity
If you complete the full policy term, you receive the **Maturity Sum Assured (MSA)** + **Loyalty Additions (LA)** declared by LIC.
Note: The Maturity Sum Assured is determined by the official specimen table. Older policyholders receive less MSA since more of their premium went toward high death benefit risk charges.
If Surrendered Early
If you stop paying premiums and surrender the policy (allowed after 3 full years), LIC pays the **higher** of the two surrender values:
- Guaranteed Surrender Value (GSV): 30% of total premiums paid, excluding the 1st year premium and riders.
- Special Surrender Value (SSV): A specific percentage (80% at 3 yrs, 90% at 4 yrs, 100% at 5+ yrs) of the Proportional Maturity Sum Assured + accrued Loyalty Additions.
Frequently Asked Questions (FAQs)
Is LIC Jeevan Saral (Plan 165) still available for purchase?
How is the surrender value calculated for Jeevan Saral?
Are the maturity returns of Jeevan Saral tax-free?
What is a partial surrender under Jeevan Saral?
Don't Just Take Our Word For It
See how our actuarial precision is helping thousands make smarter, faster insurance decisions every single day.
"Excellent calculator! It helped me understand the premium structure before meeting with an LIC agent. The estimates were quite close to the actual premium I was quoted. Very user-friendly interface."
"I used this calculator to compare different policy types. The breakdown helped me choose the right endowment plan for my family. Saved me a lot of time and confusion. Highly recommended!"
"Good tool for getting a quick estimate. The calculator is easy to use and provides clear results. However, I noticed the actual premium was slightly higher due to my medical history, which is expected."
"This calculator made my insurance planning so much easier! I could test different scenarios and find the best policy that fits my budget. The maturity amount calculation was particularly helpful."
"As a first-time insurance buyer, this tool was invaluable. It helped me understand how premiums work and what to expect. The FAQs section also answered many of my questions. Great resource!"
"Very helpful calculator! I appreciated being able to compare different policy types side by side. The interface is clean and professional. Would love to see more policy options added in the future."
"Used this calculator before purchasing my LIC policy. The premium estimate was accurate, and it helped me plan my finances better. The design is modern and the tool is very intuitive to use."
"Excellent tool! I calculated premiums for multiple scenarios and found the perfect policy for my needs. The maturity amount projection helped me plan for my retirement. Thank you for this resource!"
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