What is the maturity amount of LIC Jeevan Saral plan 165?
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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 |
How is maturity amount calculated in LIC Jeevan Saral?
LIC Jeevan Saral policy maturity amount is equal to the sum assured plus loyalty additions.
What is the benefit of Jeevan Saral plan 165?
The plan provides financial protection against death throughout the term of the plan. The death benefit is directly related to the premiums paid. The Maturity Sum Assured depends on the age at entry of the life to be assured and is payable on survival to the end of the policy term.
What is the surrender value of Jeevan Saral after 10 years?
If a policyholder surrenders this policy, the guaranteed surrender value is calculated to be 30% of the premium paid in total, which excludes the premiums paid for the first year as well as the additional payments for rider benefits.
Why Jeevan Saral is closed?
The spotlight is back on endowment plans. Life Insurance Corporation of India’s (LIC) Jeevan Saral, withdrawn in 2014, was in the news recently after a PIL was filed in the Supreme Court , alleging that LIC had mis-sold the product by misleading policyholders.
What is the bonus rate of LIC Jeevan Saral?
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 check my LIC maturity amount?
Maturity Amount of LIC Plans The maturity amount is calculated by adding the sum assured, which is decided upon by the customer and the company at the time of purchasing the plan, the bonus amounts or profits received throughout the plan’s tenure, and additional bonuses if mentioned by the Corporation.
How much money will I get if I surrender my LIC policy after 5 years?
Special Surrender Value If in case, the insurance holder has paid premiums for more than 4 years and less than 5 years, then 90% of the complete maturity sum is provided. If the policyholder is paying premiums for more than 5 years, then he/she receives 100% of the sum assured (maturity amount).
Is it worth to continue Jeevan Saral?
In future, do not buy endowment plans like Jeevan Saral. Such insurance-cum-investment plans typically offer a very small insurance cover and they also offer very modest returns. These plans are also silent on expenses. Do not mix your insurance and investment needs in future.
What is the surrender value of LIC policy after 7 years?
The Guaranteed Surrender value will be equal to 30% of the total amount of premiums paid excluding the premiums for the first year and all the extra premiums and premiums for accident benefit / term rider.
How can I check my LIC policy details?
How to Check LIC Policy Details Online?
- Step 1: Go to the official LIC website, fill in your credentials like username and password.
- Step 2: Login to your account and select the option ‘View Enrolled Policies’.
- Step 3: You will be directed to a page where you can see all the listed enrolled policies.
How can I check my LIC policy surrender value?
How Is LIC Surrender Value Calculated? The surrender value of the policy, only after 3 successful years of premium payments, can be calculated as: {Basic sum assured X (number of premium paid/ total number of premium payable) plus total bonus received}, X, the factor of surrender value.
What is the locking period of Jeevan Saral policy?
The eligibility criteria and restrictions of Jeevan Saral Plan by LIC are as under: The sum assured of the policy is at least 250 times of the monthly premiums. Minimum term of the policy is 10 years and the maximum is 35 years. The minimum term of premium payment is 10 years while the maximum premium payment term is 35 years.
What is LIC Jeevan Akshay policy?
LIC’s Jeevan Akshay is an Immediate Annuity plan is a single premium policy. That means the policyholder will have to buy the plan with a lump sum amount, while the annuity is available on a monthly, quarterly, biannually or annually basis. There are
What is LIC Jeevan Labh policy?
LIC’s Jeevan Labh policy is a traditional policy. It is a limited premium paying endowment plan. It is not a market linked plan. It is a with profit endowment plan which offers protection and saving. It gives death benefits if a assured is died while the policy is in force. Death benefit is equal to the sum assured.
Is a Jeevan Labh policy a good plan?
Jeevan Labh is a very good policy. If you want to increase your money 2X, 3X times then Jeevan Labh policy is a very good option for you. Shortly I want to say it is very good policy to give minimum but will get maximum. Best way to get your money higher in Jeevan Labh policy select 25/16 year term.