LIC Jeevan Saral Plan 165 Maturity Calculator Excel Tool

Table of Contents

LIC Jeevan Saral Plan 165 Maturity Calculator

Policy Details

Note: This is an assumed rate. Actual rates are declared by LIC annually.

Maturity Calculation

Total Premiums Paid ₹0
Death Risk Cover ₹0
Loyalty Additions ₹0
Total Maturity Value ₹0
Return on Investment 0%

The LIC Jeevan Saral (Plan 165) provides a more efficient method of financial planning by enabling you to precisely predict the maturity amount.  If you are currently a policyholder or are contemplating purchasing this plan, it is essential for your long-term financial planning that you have a solid understanding of the amount that you will receive upon maturity.  This in-depth article will introduce you to the LIC Jeevan Saral Plan 165 maturity calculator Excel, which is a powerful tool based on Excel that simplifies complicated calculations and assists you in making well-informed decisions on your investment.

 The life insurance company (LIC) maturity calculator that we are going over today eliminates the need for guesswork and delivers accurate estimations based on the particulars of your unique policy.  In this lesson, we will delve further into the concept of this well-known LIC plan and how you can make use of our Excel tool to easily calculate the precise amount that you will receive upon maturity.

What Is LIC Jeevan Saral Plan 165?

“LIC Jeevan Saral maturity calculator interface”

Overview of LIC Jeevan Saral Plan

The LIC Jeevan Saral policy is a one-of-a-kind endowment-cum-insurance policy that was introduced by the Life Insurance Corporation of India with the intention of offering Indian families an investing solution that is both straightforward and efficient.  Jeevan Saral operates differently from standard insurance plans, in which you choose a sum assured. Instead, you choose the amount of your premium, and the plan determines your maturity sum assured (MSA) depending on your age at the time of entrance and the policy term that you decide.

This unusual method, in which “Saral” stands for simplicity, makes it an appealing choice for individuals who seek flexibility in determining how much they can afford to contribute yearly.  In order to make life insurance available to a larger portion of the population, the plan was developed with the intention of bridging the gap between the cost of insurance and being able to provide acceptable coverage.

Key Features at a Glance

The LIC Jeevan Saral plan is quite flexible because you can join it at any age from 12 to 55 (age last birthday).  There are a variety of insurance term options available, ranging from ten years to 35 years, with the maximum maturity age being 70 years.  This adaptability makes it possible for people at various phases of their lives to engage in the plan according to the financial resources they have available to them.

With premium payment options, you have the flexibility to choose from a variety of payment patterns, including yearly, half-yearly, quarterly, or monthly payment options.  The minimal annual premium begins at just ₹10,000 (with comparable amounts for various payment frequencies), making it accessible to families with a monthly income that falls within the middle-income bracket.  Due to the absence of a maximum premium cap, persons with high net worth are able to devote considerable amounts to their investments.

Rather than being confined by predetermined sum assured alternatives, this Saral plan gives you the freedom to choose the amount of your premium, which is one of the distinctive selling advantages of this plan.  The plan also provides a loyalty addition, often known as a bonus, upon maturity, which significantly increases the overall value of your maturity throughout the course of maturity.

Why It’s Popular Among Policyholders

The dual benefit structure of Jeevan Saral, which offers both life insurance coverage and a guaranteed maturity bonus, is the primary reason for the policy’s widespread appeal among policyholders who reside in India.  The maturity benefit provides a considerable corpus for your retirement or other financial goals, while the death benefit assures that your family will get financial security if you pass away.

The premise of maturity sum assured is straightforward: rather than selecting a fixed sum assured in advance, you commit to a premium amount, and the plan calculates your MSA using a predetermined factor table based on your age and the policy’s duration.  Individuals who prefer to allocate their money based on what they can afford rather than working backward from a desired sum assured have shown a strong affinity for this strategy.

How to Calculate Maturity Value in LIC Jeevan Saral Plan

Understanding Maturity Sum Assured (MSA)

The Maturity Sum Assured, also known as the MSA, is the foundation upon which the Jeevan Saral maturity calculation is built.  At this point, the MSA is automatically estimated based on your yearly premium, entry age, and policy duration, in contrast to conventional policies, which require you to choose a sum assured when purchasing coverage.  Except for any loyalty enhancement, the MSA can be thought of as the guaranteed amount that you will receive upon maturity.

The formula is straightforward, but it is effective: MSA is equal to the annual premium multiplied by the factor.

A predefined factor is chosen by LIC, and it varies depending on your age at the time of admission, as well as the policy term that you select.  For example, a person who is 20 years old and chooses a policy termof 20 years will have a different factor to consider than a person who is 40 years old and chooses the same period.  This factor is essentially a representation of the number of times your annual premium will be compounded in order to arrive at your basic maturity total calculation.

Components Involved in Maturity Calculation

There are a few important factors that will affect the amount of your eventual maturity.  The cornerstone is the Basic Sum Assured, which is the MSA that is discovered through the utilization of the factor table.  On the other hand, the benefits of your whole maturity are not limited to that.
The loyalty addition rate, which is often termed a bonus, is an extra amount that LIC adds to your MSA​

Your maturity calculation will be greatly affected by both the policy term and the premium paying term.  Generally speaking, longer policy terms lead to larger MSA factors, which in turn means that you will receive better returns on your investment.  Similar to the previous point, the premium payment term is what determines the number of years that you will contribute to the plan. This has a direct impact on the total amount of premiums paid and, as a result, the returns.

Step-by-Step Example Calculation

Let’s work through a practical example to understand the maturity value calculation clearly. Suppose you’re a 30-year-old individual who purchases Jeevan Saral with an annual premium of ₹50,000 for a 20-year policy term.

Step 1: Determine the MSA factor from LIC’s official table. For age 30 and a 20-year term, let’s assume the factor is 9.5 (this is illustrative; always check the actual LIC brochure for precise factors).

Step 2: Calculate the MSA: ₹50,000 × 9.5 = ₹475,000

Step 3: Estimate loyalty addition. Assuming LIC declares ₹50 per thousand MSA per year for 20 years: (₹475,000 / 1,000) × ₹50 × 20 = ₹475,000

Step 4: Calculate total maturity value: MSA + Loyalty Addition = ₹4,75,000 + ₹4,75,000 = ₹9,50,000

This sample maturity estimate demonstrates how your investment grows over time. The real maturity amount may vary slightly based on the actual loyalty addition rates declared by LIC during your policy term.

Factors That Affect Maturity Value

Your age at admission has a significant impact on the MSA factor.  Because they are paying premiums for longer periods of time in comparison to their life expectancy, younger entrants often earn greater benefits.  If the policy term and premium amount are the same, a 25-year-old will have greater maturity chances than a 45-year-old. This is true even if the policy term is the same.

Your choice of policy term has a direct impact on both the MSA and the loyalty addition.  The maturity benefits generated by longer periods(for example, 25-30 years) are significantly higher than those generated by shorter terms (for example, 10-15 years).  Specifically, this is because the loyalty addition is accumulated over a longer period of time, and the MSA considerations are more favorable for lengthy commitment periods.

The premium-paying term determines your overall investment in the plan.  In Jeevan Saral, the length of the insurance is equivalent to the term of the premium payment term, which means that you will continue to pay premiums throughout the duration of the policy.  The consistency of your payments toward your maturity benefit is ensured by this step.

The loyalty addition rate is probably the most changeable aspect.  Your final maturity amount is partially determined by the company’s performance and bonus declaration rules. This is because LIC does not guarantee particular loyalty addition rates in advance.  According to historical trends, loyalty additions can range anywhere from ₹40 to ₹60 per thousand sum assured annually; nevertheless, it is possible that future rates will be different.

Common Mistakes While Calculating Manually

One common mistake people make is neglecting loyalty addition completely when assessing their prospective maturity worth.  As a result of the fact that the loyalty increase can frequently equal or even surpass the MSA itself, removing it results in a maturity advantage that is significantly understated.  At all times, when preparing, make sure to include a cautious estimate of the addition of loyalty.

The difference between Basic Sum Assured and Maturity Sum Assured is another subject that sometimes leads to confusion.  Some policyholders have the erroneous assumption that the sum assured listed in their policy paperwork is the amount that they will get upon maturity. These policyholders fail to take into consideration the loyalty addition component, which greatly increases the aggregate maturity benefit.

LIC Jeevan Saral Plan 165 Benefits and Features Explained

Key Benefits of the Plan

The death benefit under Jeevan Saral provides comprehensive insurance coverage to your beneficiaries. In case of an unfortunate event during the policy term, your nominee receives the higher of the sum assured or the MSA calculated at inception plus accrued bonuses (simple reversionary bonus). This ensures your family receives adequate financial support when they need it most.

The maturity benefit is where this Saral plan truly shines. At maturity time, you receive the full MSA plus the loyalty addition accumulated over the entire policy term. This lump sum amount can fund your retirement, children’s education, or any other significant life goal you’ve been planning for.

Surrender and loan benefits add liquidity to your investment. After paying premiums for at least three years, you can surrender your policy and receive the saral surrender value, though this is typically much lower than the full maturity benefit. Policy loans are available after the policy acquires surrender value, allowing you to borrow against your own investment during financial emergencies without breaking the policy.

Eligibility Criteria

Jeevan Saral has a minimum entry age of 12 years, making it suited for parents who want to protect their children’s future through an LIC child plan structure.  The maximum age of entry is set at 55 years, which allows individuals to participate even if they are in the pre-retirement portion of their lives.

The term options range from ten to 35 years, allowing you to choose a term that best fits your financial timeline.  On the other hand, keep in mind that the maximum age of maturity cannot be higher than 70 years.  If you are 50 years old, the maximum term of your insurance would be 20 years to guarantee that you will reach maturity by the age of 70.

Premium restrictions are intended to be inclusive of all consumers.  With similar sums for other payment frequencies (₹2,500 quarterly, ₹5,000 half-yearly, or approximately ₹850 monthly), the minimum annual premium is ₹10,000. Each of these amounts corresponds to a different payment frequency.  Due to the absence of a maximum premium restriction, considerable investments are permitted for individuals who are looking for increased coverage and maturity advantages.

Loyalty Addition Rates (Year-wise Trend)

LIC has traditionally offered competitive loyalty addition rates to Jeevan Saral subscribers.  In spite of the fact that the actual rates differ depending on the policy year and the overall performance of LIC, the historical data indicate that loyalty normally falls within the range of ₹40 to ₹60 per thousand MSA every year.

As an example, policies that were issued between the years 2010 and 2015 have typically been given loyalty additions of approximately ₹50 per thousand MSA on an annual basis.  On the other hand, LIC does not guarantee these rates in advance, and actual declarations may differ from those stated.  In order to produce realistic maturity projections, the comprehensive calculator that we have built makes use of conservative calculations. However, it is important to constantly verify with your LIC office for the most up-to-date loyalty addition rates that are applicable to your policy.

Tax Benefits and Exemptions

Jeevan Saral offers significant tax advantages under the Indian Income Tax Act. Premiums paid qualify for a deduction under Section 80C, up to a maximum of ₹1.5 lakh per financial year. This reduces your taxable income, effectively lowering your tax burden.

The maturity amount received is completely tax-exempt under Section 10(10D), provided the premium doesn’t exceed 10% of thesum assured(a condition easily met in Jeevan Saral’s structure). This means your total maturity benefit—including both MSA and loyalty addition—comes to you without any tax deduction, maximizing your effective returns.

Comparison With Similar LIC Plans

When comparing LIC Jeevan Labh with Jeevan Saral, several distinctions appear.  Jeevan Labh is a limited premium payment plan, which means that you pay premiums for a period of time that is shorter than the life of the policy. On the other hand, Saral is a plan in which premium payments continue throughout the life of the policy.  In addition, Jeevan Labh provides assured adds throughout the duration of the policy, whereas Saral focuses on providing rewards at maturity through the use of loyalty addition.

Those who are looking for a straightforward maturity benefit structure and the greatest amount of freedom in premium selection will find Jeevan Saral to be the right option.  Jeevan Labh, on the other hand, can be a better option for you if you favor a limited premium payment with regular guaranteed additions.  The endowment structure of Saral is fundamentally different from the LIC Jeevan Anand plan, which is another popular plan, due to the fact that it is a whole life plan that provides coverage for up to one hundred years.

Download LIC Jeevan Saral Maturity Calculator Excel Sheet

What the Excel Tool Includes

Our Excel-based calculator is specifically designed to help you estimate your maturity benefits accurately. The Excel tool features user-friendly input fields where you simply enter your age at entry, chosen policy term, and annual premium amount. The calculator doesn’t require any complex formula manipulation—just straightforward data entry.

The Excel version automatically calculates your MSA as per the entered age and policy term using LIC’s official factor tables embedded within the spreadsheet. It then computes your approximate maturity value by applying conservative loyalty addition estimates, giving you both an optimistic and realistic projection of your final maturity amount.

Additionally, the Excel format allows you to experiment with different scenarios. You can test various premium amounts, policy terms, and entry ages to understand how these variables affect your potential maturity value. This “what-if” analysis capability makes financial planning much more interactive and insightful.

How to Use the Calculator

Using the above calculator is remarkably simple, even if you’re not comfortable with spreadsheets. Here’s a step-by-step guide:

Step 1: Download the Excel sheet using the link provided in the next section.

Step 2: Open the file in Microsoft Excel, Google Sheets, or any compatible spreadsheet application.

Step 3: Navigate to the input section (clearly marked in yellow or highlighted cells).

Step 4: Enter your current age (or age at policy commencement).

Step 5: Input your desired policy term in years.

Step 6: Enter your annual premium amount.

Step 7: The calculator automatically populates the MSA, estimated loyalty addition, and total maturity value in the output section.

The calculator doesn’t need any manual formula adjustments—everything updates automatically as you change input values. This makes it perfect for comparing multiple scenarios to find the optimal premium and term combination for your financial goals.

Download Links

Download LIC Jeevan Saral Maturity Calculator Excel Sheet

Click the button above to download your free copy of the complete calculator. The Excel tool comes pre-loaded with all necessary formulas and LIC’s official MSA factor tables.

How Accurate Is the Calculator?

The calculator calculates the maturity sum assured as per the entered age and policy term using data sourced directly from LIC’s official Jeevan Saral brochure. The MSA calculations are based on LIC’s published factor tables, ensuring accuracy in the basic maturity sum computation.

However, it’s important to understand that the loyalty addition component is an estimate. Since LIC doesn’t guarantee specific loyalty addition rates upfront and declares them periodically based on company performance, the actual Loyalty addition your policy receives may differ from our estimates. Our calculator uses historical average rates (around ₹50 per thousand MSA per year) to provide realistic projections.

Disclaimer: This calculator is designed for indicative purposes only. The exact maturity amount will depend on actual loyalty addition rates declared by LIC during your policy term. For precise calculations and policy-specific details, please consult your LIC agent or visit your nearest LIC office. The calculator doesn’t replace official LIC documentation or personalized advice.

Related Resources

For comprehensive policy details, download the official LIC Jeevan Saral Brochure from LIC’s website. The brochure contains complete terms and conditions, exact MSA factor tables, and other important policy information.

comparison Lic jeevan labh with Lic jeevan saral

Feature LIC Jeevan Labh LIC Jeevan Saral
Plan Type Limited Premium Payment Endowment (Participating) Traditional Endowment (Participating)
Premium Payment Term Short (e.g., 16, 21, or 25 years for a 25, 30, or 35-year policy) Regular (Equal to the policy term)
Maturity Benefit Sum Assured on Maturity + Vested Bonuses + Final Addition Bonus Sum Assured + Loyalty Addition
Death Benefit Sum Assured on Death + Vested Bonuses + Final Addition Bonus
(Sum Assured on Death is higher of 10x Annual Premium or 105% of Total Premiums Paid)		 250 x Monthly Premium + Loyalty Addition
Survival Benefit / Liquidity No payouts during the policy term. Entire benefit is paid at maturity. Yes. Provided Survival Benefits at specific durations, offering liquidity.
Loan Facility Available after payment of premiums for 3 full years. Available after payment of premiums for 3 full years.
Risk Coverage Good, with a guaranteed death benefit. Moderate. The death benefit formula (250 x Monthly Premium) was often considered low for the premium paid.
Suitability Ideal for those wanting a large corpus for a specific long-term goal (e.g., retirement) with a limited premium-paying period. Ideal for those who wanted periodic returns and liquidity during the policy term.
Current Status Closed for new sales Discontinued (Older policies continue)

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