Jeevan Saral Surrender Value Calculator

FAQs

How is surrender value of Jeevan Saral calculated? The surrender value of Jeevan Saral is calculated based on the number of premiums paid and the policy duration. It typically accrues a surrender value after a minimum of three years’ premiums have been paid.

What is the maturity amount of Jeevan Saral after 15 years? The maturity amount of Jeevan Saral after 15 years depends on various factors including the sum assured, premiums paid, and bonuses accrued. It’s best to check with your LIC agent or use an online calculator for an accurate estimate.

What is the surrender value after 10 years? The surrender value after 10 years will depend on the specific terms of your policy, including the premiums paid and bonuses accrued. It’s recommended to contact your LIC agent or check your policy documents for an exact figure.

How can I know my current surrender value of LIC policy? You can know your current surrender value of LIC policy by contacting your LIC agent or visiting the nearest LIC branch. They will provide you with the necessary information.

Is it better to surrender Jeevan Saral? Whether it’s better to surrender Jeevan Saral or not depends on your individual financial circumstances, goals, and the terms of your policy. Consider consulting with a financial advisor before making a decision.

What is surrender value after 5 years? The surrender value after 5 years will vary based on factors such as premiums paid, policy duration, and bonuses accrued. It’s recommended to refer to your policy documents or contact LIC for precise information.

Can I surrender Jeevan Saral after 10 years? Yes, you can surrender Jeevan Saral after 10 years. However, the surrender value will depend on the terms and conditions outlined in your policy.

How is Jeevan Saral maturity value calculated? Jeevan Saral maturity value is calculated based on factors such as the sum assured, premiums paid, and bonuses accrued over the policy term.

What are the disadvantages of Jeevan Saral? Disadvantages of Jeevan Saral may include lower returns compared to other investment options, lack of flexibility in premium payments, and complexities in understanding the policy structure.

How much money will I get if I surrender my LIC policy after 7 years? The amount you’ll receive upon surrendering your LIC policy after 7 years will depend on factors like premiums paid, policy duration, and applicable surrender charges. Contact LIC or refer to your policy documents for an accurate estimation.

Will I get bonus if I surrender my LIC policy? You may receive a surrender value, which may include bonuses accrued up to the date of surrender, depending on the terms of your policy.

Can I surrender my LIC policy online? Yes, LIC provides online surrender facilities for certain policies. You can check the LIC website or contact LIC customer support for more information.

What happens if I stop paying LIC premium after 10 years? If you stop paying LIC premium after 10 years, your policy may lapse, and you may lose the insurance coverage and the benefits associated with the policy. However, some policies may have options for paid-up benefits or surrender value.

How can I check my LIC policy maturity value online? You can check your LIC policy maturity value online by logging into the LIC website and accessing the customer portal. Alternatively, you can contact LIC customer support for assistance.

What is the difference between policy value and surrender value? Policy value refers to the total benefits provided by the policy, including the sum assured and accrued bonuses, whereas surrender value is the amount you receive if you terminate the policy prematurely.

Why is Jeevan Saral discontinued? The decision to discontinue Jeevan Saral may be due to various reasons such as changes in market demand, regulatory requirements, or the introduction of newer insurance products.

Is Jeevan Saral a good policy? Whether Jeevan Saral is a good policy depends on individual financial goals and preferences. It’s essential to evaluate factors like returns, flexibility, and coverage before deciding if it suits your needs.

What is the surrender value of Jeevan Saral Plan 165? The surrender value of Jeevan Saral Plan 165 varies based on factors like premiums paid, policy duration, and applicable charges. Contact LIC or refer to your policy documents for precise information.