How can I check my LIC Jeevan Saral maturity amount?

How to use the LIC Jeevan Saral Maturity Calculator?

1. Visit the LIC official website.
2. Search for the LIC Jeevan Saral calculator.
3. Enter the policyholder’s age, policy term, and sum assured.
4. The calculator will display the maturity amount/ the death claim amount.

How is LIC maturity amount paid?

The settlement procedure for maturity claim is simple after receipt of completed and stamped discharge form. The policy’s maturity claim amount will be paid directly to the policy holder’s account.

How is surrender value of LIC Jeevan Saral calculated?

Special Surrender Value = 80\% of Maturity Sum Assured if 3 or more years’ but less than 4 years’ premiums have been paid; 90\% of the Maturity Sum Assured, if 4 or more years’ but less than 5 years’ premiums have been paid and 100\% of the Maturity Sum Assured.

Is it good to surrender Jeevan Saral policy?

For a timeframe of 15-20 years, this is extremely poor return. 2. On Surrender, since you haven’t completed 3 years in New Jeevan Anand policy, you will not get back anything. LIC’s Jeevan Saral policy surrender value will be the greater of the guaranteed surrender value (GSV) or special surrender value.

How is policy maturity amount calculated?

How is Maturity Calculated? The exact Maturity Value cannot be calculated but one can calculate a close estimate of the value to get an idea of the benefit at the end of the term. The basic format is Sum Assured + Bonuses + Final Additional Bonus (if declared).

What is Jeevan Saral policy calculator?

LIC Jeevan Saral calculator gives you a fair estimate of the surrender value, bonus, Loan, paid up and projected maturity value on the basis of the total premium paid.

How can I check the status of my LIC policy?

With the login portal, you must to registered account login at ebiz.licindia.in, and after login, the option LIC Claim status provides you the details of latest Claim due under a policy, but the option has a network dependency for display of relevant information.

How can I surrender LIC Jeevan Saral policy before maturity?

For surrender, you can contact your insurance agent or the nearest LIC branch and fill the surrender application form along with a cancelled cheque and a mandate form for direct credit to your bank account.

What will be the surrender value of Jeevan Saral policy after 10 years?

Guaranteed Surrender Value: Guaranteed Surrender value is equal to 30\% of the total amount of premiums paid excluding the premiums for the first year and all the extra premiums. Special Surrender Value: 80\% of Maturity Sum Assured if you have paid premiums for 3 or more years but less than 4 years.

What is the maturity amount in LIC Jeevan Saral?

The maturity amount in LIC Jeevan Saral (Table No 165) is Maturity Sum Assured (MSA) + Loyalty Addition (LA) declared in the year of maturity.

What is the maturity amount of LIC policy?

LIC Maturity amount = Sum assured + Simple Bonus + FAB. LIC Maturity amount = sum assured + Simple Bonus + FAB – Survival Benefits. Sum assured is the amount you have been insured. Simple Bonus is the amount paid by lic to your policies based on profits.

What is LIC Jeevan Anand (plan 815) bonus?

It is a one-time bonus paid at the time of maturity. The Policy Holder can find the Maturity Amount for Lic Jeevan Anand (Plan 815) maturity amount calculator, Lic Jeevan Saral maturity calculator, Lic Money back policy maturity calculator.

What are the riders of Jeevan Saral plan of LIC?

Riders: Jeevan Saral Plan of LIC has two additional riders: Term Rider: The minimum age of entry is 18 years and maximum age of entry is 50 years. Rs. 1 lakh is the minimum Sum Assured that can go up to a maximum of Rs. 25 lakhs.