What is the maturity amount of LIC Jeevan Saral plan 165?
What is the maturity amount of LIC Jeevan Saral plan 165?
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 |
What is LIC plan No 165?
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 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).
How can I surrender Jeevan Saral plan 165?
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.
Is Jeevan Saral 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.
Who is the owner of LIC?
Ministry of Finance , Government of India
Life Insurance Corporation
| Yogakshemam Vahamyaham | |
|---|---|
| Type | Statutory Corporation established by an Act of Parliament- LIC Act 1956 |
| Total assets | ₹380,400,000 lakh (US$510 billion) (2021) |
| Owner | Ministry of Finance , Government of India |
| Number of employees | 114,000 (2020) |
What happens if I stop paying LIC premium after 10 years?
If the PPT is less than 10 years (even if the actual policy term is 25, 30 years), the policy will acquire a surrender value if the premium has been paid for at least two years. For single premium policies, the surrender value gets acquired after the first year itself.
