Plan 165 Actuarial Engine 2026

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.

Specimen Table Interpolation: Model Maturity Sum Assured per ₹100 premium using actual entry age & term

High Death Cover: Fixed death benefit of 250 times your chosen monthly premium budget

Surrender Value Estimator: Check and compare Guaranteed (GSV) vs Special Surrender Value (SSV)

Accrued Loyalty Additions: Includes terminal bonuses declared by LIC based on policy duration

Section 10(10D) Tax-Free: Payouts are fully tax-exempt since death benefit is high

Policy Inputs

Enter details below to run Jeevan Saral (Plan 165) actuarial equations.

Monthly Premium Budget

₹/mo

Min: ₹250Max: ₹20,000

Age at Entry (Years)

Yrs

Min: 12 YearsMax: 60 Years

Policy Term (Years)

Yrs

Min: 10 YearsMax: 35 Years

Premium Payment Frequency

Plan 165

Estimated Maturity Returns

₹4,51,193

Maturity Sum Assured + Loyalty Additions (Declared by LIC)

First Installment (GST)

₹1,045

Frequency: monthly

Renewal Installment (GST)

₹1,023

Post Year 1

Total Estimated Premiums Paid:₹2,45,784

Guaranteed Maturity Sum Assured (MSA):₹2,73,450

Estimated Maturity Loyalty Additions:₹1,77,743

Death Sum Assured (250x Premium):₹2,50,000

Final Year Estimated Death Benefit:₹6,55,743

Returns Multiplier 1.84x Yield

Complete 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.

Why was LIC Jeevan Saral Withdrawn?

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?

No, LIC Jeevan Saral Plan 165 has been withdrawn from new sales by LIC of India. However, millions of policies purchased prior to withdrawal remain active, and our calculator helps existing policyholders estimate their maturity and death benefits.

How is the surrender value calculated for Jeevan Saral?

You can surrender after at least 3 years' premiums have been paid. LIC pays the higher of the Guaranteed Surrender Value (GSV) or the Special Surrender Value (SSV). GSV equals 30% of paid premiums excluding the first year. SSV is equal to the paid-up proportion of your Maturity Sum Assured multiplied by a factor (80% to 100%) plus any accrued loyalty additions. Use our Surrender Estimator tab above to check your values.

Are the maturity returns of Jeevan Saral tax-free?

Yes, under Section 10(10D) of the Income Tax Act, maturity proceeds of LIC Jeevan Saral policies are completely exempt from tax because the death cover (250 times monthly premium) is far greater than the 10x annual premium threshold required by law.

What is a partial surrender under Jeevan Saral?

Jeevan Saral offers a unique partial surrender option. Policyholders who need liquidity can surrender a portion of their monthly premium (e.g. reducing monthly premium from ₹1000 to ₹500) and withdraw the corresponding surrender value of the surrendered portion, while keeping the rest of the policy active.

Why Indian Policyholders Rely on LIC Sodho

Independent Actuarial Precision & Absolute Privacy

Unlike commercial aggregator portals, LIC Sodho provides 100% unbiased calculations with zero sales calls and client-side privacy.

Private & Safe

100% Client-Side Privacy

Zero Personal Data Collection

Every premium simulation, loan projection, and maturity calculation executes entirely client-side inside your browser session. We never request, log, or transmit policy numbers, Aadhaar details, or mobile OTPs.

Zero server-side data tracking
No mobile number or OTP required
No financial profile profiling

Fact-Checked

Actuarially Calibrated Rates

Official LIC FY 2026-27 Circulars

Our calculation formulas are calibrated against official LIC valuation ledgers, Simple Reversionary Bonus (SRB) schedules, Final Additional Bonus (FAB) slabs, and prevailing IRDAI master operational circulars.

Official Simple Reversionary Bonus rates
Accurate FAB compounding schedules
72-hour SLA on circular updates

No Spam Guarantee

Zero Agent Spam & Calls

100% Independent Educational Portal

LIC Sodho is an independent financial technology portal. We do not sell insurance, solicit agency commissions, or sell customer leads. You will never receive unsolicited marketing calls or agent pressure.

Zero commercial lead distribution
No pushy sales calls or spam emails
Completely unbiased comparisons

Statutory Precision

Statutory Law & Tax Modeling

Section 37 & 10(10D) Compliance

All maturity projections model the statutory sovereign guarantee under Section 37 of the LIC Act 1956 alongside latest Indian tax rules, including the ₹5 Lakh aggregate non-ULIP premium cap under Section 10(10D).