LIC JEEVAN SARAL (PLAN NO: 165) Returns

lic jeevan saral

Do you remember seeing above image a few years back which looked very promising and made you re think your investment in LIC? Well, LIC is very well know for its low return on investment and above Jeevan saral plan sheet is not showing detailed information of sum assured. Let’s consider Rs 1500 investment monthly for 20 years has sum assured of Rs 12,02,220 as per plan sheet but there is a catch; The policy benefit(Death Sum Assured) amount is only Rs 3,75,000 and Maturity Sum Assured is Rs 4,21,590.

Today We will calculate and see how LIC JEEVAN SARAL (PLAN NO: 165) Returns are equivalent to saving bank account that is around 4-6% interest on invested amount. Below is the details of my LIC Jeevan saral policy details. The premium paid is Rs 1500 monthly.  Now I will illustrate the calculation to show that LIC JEEVAN SARAL (PLAN NO: 165) Returns are around 4-6% annually.

LIC JEEVAN SARAL

Here, I am using this to calculate LIC JEEVAN SARAL (PLAN NO: 165) total maturity amount. Please note the annual returns calculator uses following calculation, Compounding interest with base amount as zero and monthly deposit of Rs 1500 and compounded yearly.

Rs 1500 monthly – Returns calculator.

Term (years) Total Investment Maturity Sum Assured Total Loyalty Addition Total Maturity Annual returns %
10 180000 167610 56149 223759 4.2
11 198000 190500 77153 267653 5.3
12 216000 213615 91854 305469 5.6
13 234000 238410 108477 346887 5.8
14 252000 265485 126105 391590 6.04
15 270000 294840 145946 440786 6.23
16 288000 319440 167706 487146 6.24

Loyalty bonus declared by LIC.(Already added to maturity amount in above table)

Term (Duration) Yearly Premium Bands
Up to 5000 5001 to 20000 20001 to 50000 Above 50000
10 300 355 400 425
11 350 405 450 475
12 375 430 475 500
13 400 455 525 550
14 420 475 545 570
15 440 495 565 600
16 465 525 600 640

Low returns from LIC is nothing new to its customers. Also read LIC Wealth Plus (Plan-801) cheated investors.

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PrAkAsH

Eyeing investment. Please note that the views given in this website are meant for reference and guidance of the readers to explore further on the topics and take informed decisions. These should not be construed as investment advice or legal opinion.

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2 Responses

  1. Uttam sarkar says:

    I have a jeevan saral plan for 20 years with monthly payment of 1531 continuing for last 7 years. I am unhappy with this plan. Is it a good idea to surrender this plan and invest in ppf.what would I get if I surrender.pls suggest.

    • Arvind Gupta says:

      Dear I am also planing to surrender the Policy. Because it is not good. Put the amount in PPF and buy a term insurance. PPF will give the more return then LIC Jeevan Saral

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