What is plan No 165 in LIC?

What is plan No 165 in LIC?

Product Summary: This is an Endowment Assurance plan where the proposer has simply to choose the amount and mode of premium payment. The plan provides financial protection against death throughout the term of the plan. The death benefit is directly related to the premiums paid.

How is Jeevan Saral 165 plan calculated?

LIC’s Jeevan Saral (Plan 165) – Key features Death coverage shall be the sum of, 250 times the monthly basic premium (Death Sum Assured) + Premium paid (excluding the first year premium and rider premiums.) + Loyalty Additions (if any).

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

Eligibility Conditions of the LIC Jeevan Saral Policy

Policy term Minimum:10 years Maximum: 35 years
Entry age of the policyholder Minimum: 12 years Maximum: 60 years
Maximum Maturity age 70 years
Payment modes Monthly/half-yearly/quarterly/yearly
Monthly premium Minimum Rs.250, Maximum Rs. 10,000

Is Jeevan Saral 165 a good policy?

As a non-unit linked insurance plan LIC Jeevan Saral is one of the most beneficial endowment plans that provide a lump sum amount of 250 times the premium paid. It provides the dual benefit of protection cum saving.

What is Saral pension plan?

It is a standard individual immediate annuity product known as ‘Saral Pension’ prefixed by the insurer’s name, which offers regular annuity to the life assured after their retirement.

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.

Can Jeevan Saral withdraw after 10 years?

Special Surrender Value: 80% of Maturity Sum Assured if you have paid premiums for 3 or more years but less than 4 years. 90% of the Maturity Sum Assured, if you have paid for 4 or more years but less than 5 years. And 100% of the Maturity Sum Assured, if 5 or more years’ premiums have been paid.

What is the interest rate of Saral Pension Yojana 2021?

However, the maximum amount of loan that can be granted shall be such that the effective annual interest amount payable on the loan does not exceed 50% of the annual annuity amount payable. If the loan is taken within April 30, 2020, the interest rate of the loan will be 8.44% per annum.

How much bonus will I get surrendering my Jeevan Saral LIC policy 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.

What is return on Jeevan Saral?

Special Surrender: 80 percent of Sum Assured after the completion of 3 years but not 4 years with all premiums paid. 90 percent of Sum Assured after the completion of 4 or more years but less than 5 years with all premiums paid, and 100 percent of the Sum Assured if the premium is paid for 5 years or more.

What is the premium amount for LIC Saral pension plan?

12,000 Monthly Pension On One-Time Investment: Buy LIC Saral Pension Scheme. LIC Saral Pension Yojana make sure that investors get 12,000 monthly by paying a single premium. Life Insurance Corporation of India (LIC) has launched many schemes over the past years for every type of investor.

Is LIC Jeevan Saral plan 165 still available?

LIC Jeevan Saral – Plan 165 – Premium, Maturity and Benefits Calculator. Jeevan Saral (Plan 165) is a popular insurance plan with some special features which makes it one of the most flexible conventional insurance plan from LIC of India. As the plan was withdrawn from the sale, you cannot purchase it anymore.

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 are the term Rider and Accident Benefit Riders available in LIC?

Term Rider and Accident benefit rider available (based on certain conditions and restrictions). As Jeevan Saral was introduced eighteen years back, LIC has declared the loyalty addition rates up to 18 years of term. For terms up to 18 years declared loyalty addtion rates are used.