An essential component of the financial planning process is life insurance, ensuring the well-being of your loved ones even in your absence. LIC Popular insurance program Jeevan Saral 165 is provided by LIC. The Life Insurance Corporation of India provides policyholders with both life cover and investment benefits. One of the essential tools associated with this plan is the LIC Jeevan Saral Plan 165 maturity calculator. Which helps individuals estimate the maturity value of their policy.
In this piece, we’ll explore the short details of LIC Jeevan Saral 165 and explore how the LIC Jeevan Saral maturity calculator insurance functions, empowering policyholders to make informed decisions.
What is LIC Jeevan Saral Plan 165 Maturity Calculator?
LIC Jeevan Saral 165 is a unique and flexible insurance plan designed to cater to various financial needs. It combines protection with financial savings, making it an ideal choice for individuals seeking comprehensive coverage along with long-term investment growth. Jeevan Saral plan 165 maturity value calculator is only used to estimate the maturity value of this extraordinary plan.
Benefits of LIC Jeevan Saral Plan 165 Maturity Calculator
Here we discuss the benefits of this Maturity Calculator
1. Financial Planning
The calculator helps individuals plan their finances effectively by providing them with an estimated maturity value. This allows policyholders to assess the potential returns and decide wisely according to their financial objectives.
2. Policy Comparison
By using the maturity calculator, individuals can compare different scenarios by adjusting the premium amount, policy term, and other parameters. This empowers them to choose the most suitable plan based on their preferences and requirements.
3. Realistic Expectations
They eliminate uncertainties by providing policyholders with a realistic projection of the maturity value. It helps avoid any misconceptions and ensures that individuals have a clear understanding of the benefits of their policy.
4. Ease of Use
The is user-friendly and easily accessible online. Policyholders can conveniently input their details and obtain an estimate within a few clicks, saving time and effort.
Features of LIC Jeevan Saral Plan 165 Maturity Calculator
Below are some features of this Maturity Calculator
1. Flexible Premium
The policy allows policyholders to choose their premium amount based on their financial capabilities and requirements.
2. Sum Assured
The plan offers a death benefit that is a multiple of the chosen monthly premium. The sum assured can be checked by Jeevan Saral 165 maturity calculator.
3. Maturity Benefit
On survival till the maturity period, policyholders receive the maturity sum assured along with additional bonuses.
4. Loyalty Additions
This plan is eligible for loyalty additions, which are discretionary bonuses provided by LIC based on the performance of the company.
5. Partial withdrawal
LIC Jeevan Saral 165 also provides the flexibility to withdraw a portion of the accumulated corpus after completing a specified number of policy years. The partial withdrawal can also be calculated by Jeevan Saral 165 maturity calculator.
Eligibility of LIC Jeevan Saral Plan 165 Maturity Calculator
|Entry Age||12-60 years|
|Policy Term||10-35 years|
|Maturity Age||70 years|
|Payment Modes||Per month, 3 months, 6 months, and 1 yea,r|
|Minimum Premium Amount||Rs. 250 per month|
|Max. Premium Amount||Rs. 10,000 Per month|
|Sum Assured Minimum Amount||Rs. 1,00,000|
How Does LIC Jeevan Saral Plan 165 Maturity Calculator Work?
The calculator is a useful online tool that helps policyholders estimate the maturity value of their policy based on various inputs. It provides an approximate figure of the amount an individual can expect to receive at the end of the policy term.
1. Input Details
To use the Jeevan Saral 165 maturity calculator, policyholders need to provide specific details such as age, premium amount, premium payment term, and policy start date.
2. Calculation Process
Once the necessary information is entered, the calculator utilizes a predefined algorithm to determine the maturity value. Considers elements like the policy term. The time frame for paying the premiums, the amount of insurance, and bonuses.
3. Maturity Value Estimation
Based on the inputs and calculations, the maturity value calculator provides an approximate amount that policyholders can expect to receive at the end of the policy term.
Tips of LIC Jeevan Saral Plan 165 Maturity Calculator
Below are some tips for using this Maturity Calculator
Provide Accurate Information
To obtain an accurate estimate, it is crucial to provide precise details while using the maturity calculator. Double-check the inputs such as age, premium amount, and policy start date to ensure the calculations are reliable.
Consider Different Scenarios
Use the calculator to explore various scenarios by adjusting the parameters. You can modify the premium amount, policy term, or sum assured to understand how these factors impact the maturity value.
Consult an Insurance Advisor
While the LIC Jeevan Saral 165 maturity calculator provides an estimate, it is essential to consult with a licensed insurance advisor to gain a comprehensive understanding of the policy and its implications. An expert can guide you through the decision-making process and offer personalized advice.
LIC Jeevan Saral 165 is a versatile insurance plan that offers a blend of protection and investment benefits. The insurance associated with this plan enables policyholders to estimate the maturity value of their policy based on key inputs. By utilizing this tool, individuals can plan their finances effectively, compare different scenarios, and set realistic expectations regarding the benefits they can expect at the end of the policy term.
However, it is crucial to remember that the estimate provided by the maturity calculator is an approximation. And consulting with a licensed insurance advisor is recommended for a more accurate assessment. This insurance empowers policyholders to have a clearer understanding of the benefits and returns associated with their policy.
LIC Jeevan Saral Plan 165 Maturity Calculator – FAQs
How can I access the LIC Jeevan Saral 165 maturity calculator?
Ans. The maturity calculator can be accessed online through the official LIC website or through au financial websites. Simply visit the website, navigate to the calculator section, and provide the required details to estimate the maturity value of your policy.
Is the maturity value provided by the calculator guaranteed?
Ans. No, the maturity value provided by the maturity calculator is an approximation based on the information provided. The actual maturity value may vary depending on factors such as bonuses declared by LIC and the performance of the policy. It is advisable to consult with an insurance advisor for a more accurate assessment.
Can I adjust the parameters in the LIC Jeevan Saral plan 165 maturity value calculator to see different scenarios?
Ans. Yes, the Jeevan Saral 165 maturity calculator allows you to change a number of parameters, including the premium amount, policy term, and sum assured. By modifying these factors, you can explore different scenarios and understand how they impact the maturity value of your policy.
What should I do if the maturity value estimated by the LIC Jeevan Saral plan is not in line with my expectations?
Ans. If the maturity value estimated by the maturity calculator does not meet your expectations. It is recommended to consult with an insurance advisor. They can provide you with a more detailed analysis. Explain the factors influencing the maturity value, and suggest alternative options that align with your financial goals.
Can I rely solely on the maturity calculator insurance to make a decision about LIC Jeevan Saral 165?
ANS. While the LIC Jeevan Saral maturity calculator insurance is a helpful tool for estimating the maturity value. It is advisable not to rely solely on it for making decisions. An expert can help you evaluate your specific needs and guide you in making an informed decision about LIC Jeevan Saral 165.