LIC Jeevan Saral Maturity Calculator – Benefits & How to Use Jeevan Saral (Plan 165) Calculator in 2026

LIC Jeevan Saral Yojana, also known as Plan 165, is one such popular plan that gained immense acceptance due to its flexibility and simple structure.

Although LIC Jeevan Saral is no longer available for new purchases, thousands of existing policyholders continue to enjoy its benefits. However, since the plan has been discontinued, many policyholders often face confusion while calculating the maturity value, surrender value, and loyalty additions.

This is where the LIC Jeevan Saral Maturity Calculator becomes extremely useful. In this article, we explain everything you need to know about LIC Jeevan Saral Plan 165, its benefits, and how to calculate maturity value accurately in 2026.

What Is LIC Jeevan Saral (Plan 165)?

LIC Jeevan Saral Plan 165 is a non-linked endowment assurance plan that offers life cover along with savings benefits. Unlike traditional endowment plans, Jeevan Saral allows policyholders to choose flexible premium amounts, making it suitable for individuals with varying income levels.

Although often misunderstood as a ULIP, Jeevan Saral is not a market-linked plan. The returns are based on sum assured, bonuses, and loyalty additions, not stock market performance.

Important: Since the plan has been withdrawn, only existing policyholders can continue and calculate benefits using the maturity calculator.

Key Features of LIC Jeevan Saral Plan 165

• Flexible premium payment options
• Sum assured equals 250 times the monthly premium (excluding first-year premium)
• Loyalty additions applicable based on policy duration
• Auto cover facility for one year after paying premiums for 3 years
• Option to surrender the policy after 3 active policy years
• Additional riders for enhanced protection

Benefits of LIC Jeevan Saral Plan 165

LIC Jeevan Saral Premium & Maturity Calculator – What Is It?

The LIC Jeevan Saral Premium and Maturity Calculator is an online estimation tool that helps policyholders calculate:

• Approximate maturity amount
• Expected sum assured
• Benefits based on policy term and premium paid

Since Plan 165 is discontinued, the calculator is especially helpful for financial planning and future goal assessment.

Details Required to Use the Jeevan Saral Calculator

To calculate the maturity value, you need to enter:

• Age at entry
• Policy term (10 / 15 / 20 / 25 years)
• Premium payment frequency
• Monthly premium amount
• Year of policy commencement

Note: The calculator provides an estimated value. Actual benefits may vary depending on loyalty additions declared by LIC.

How to Use LIC Jeevan Saral 165 Maturity Calculator (Step-by-Step)

Step 1: Visit the official LIC website or an authorised LIC calculator portal
Step 2: Select Jeevan Saral (Plan 165)
Step 3: Enter policy details such as age, term, and premium
Step 4: Click on Calculate
Step 5: Review the maturity estimate and download the report if required

Why Use LIC Jeevan Saral Maturity Calculator?

Using the calculator helps policyholders:

• Understand maturity value clearly
• Plan long-term financial goals
• Compare expected returns with other savings options
• Avoid confusion due to plan discontinuation
• Make informed surrender or continuation decisions

How LIC Jeevan Saral Calculator Works

The maturity amount is calculated by considering:

• Total premiums paid
• Applicable sum assured
• Policy term
• Loyalty additions (if any)

Since loyalty additions depend on LIC’s performance and policy duration, the calculator uses historical trends to provide an estimate.

Factors Considered for Maturity Calculation

• Age at entry: Younger entry age generally leads to higher benefits
• Policy term: Longer tenure increases loyalty additions
• Premium amount: Directly affects sum assured
• Year of purchase: Loyalty addition rates vary by policy year
• Total premium paid: Determines surrender and maturity values

LIC Jeevan Saral Surrender Value Calculator

Policyholders who have paid premiums for at least 3 years can surrender the policy.

Surrender Value Calculation Logic

• Guaranteed Surrender Value (GSV):
  30% of total premiums paid
  (excluding first-year premium and rider premiums)

Special Surrender Value (SSV)

​​​​​​​LIC Jeevan Saral Loyalty Addition Rates

LIC offers loyalty additions for Jeevan Saral policies with longer policy terms, usually starting from the 10th policy year. These additions depend on LIC’s declared rates and are not guaranteed.

Since the plan is discontinued, loyalty addition estimates are derived using past declaration trends.

Sample Maturity Calculation – LIC Jeevan Saral (Illustration)

(Monthly Premium: ₹100 – Loyalty additions not included)