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Lic Jeevan Saral Plan Maturity Benefit

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26 Apr, 2022 by  Ramanathan Gangadharan

After extensive browsing online and looking through several social media posts, I found LIC Jeevan Saral table 165 plan to be fairly controversial with several people complaining that they received less amount at the time of maturity than they thought....

Can anyone help me determine the maturity benefit?

Details as follows

Sum Assured: 5,00,000/-

Annual premium: 24000/-

Year of Commencement: 2012

Year of Maturity: 2033

Term: 21 Years

Age: 25 years (at the time of subscribing to the policy)

What would the maturity benefit compose? Just sum assured+ loyalty addition? Or is there guaranteed bonus too?

Surrendering the policy is a real option now but before I make a decision I'd like to know the amount of maturity benefit that this policy could potentially provide?


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1 Answer

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You cannot know the exact final amount cos that depends on how the company has performed & bonuses declared each year alongwith the final bonus at the end of the policy year. Most endowment plans work this way.

Your plan must be having a illustration benefit table that gives you some idea based on past data of how much money you'll recieve, do get in touch with your agent for the same.

Also there is a better way over simply surrendering the policy as it'll have significant deductions, you can book a call with me & I'll help you with it.

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