Bonus rates of LIC of India for the year 2018-19 has been declared for all its participating policies. Loyalty Addition (LA) of all the eligible policies are declared too, including Jeevan Saral (Plan No. 165). Loyalty addition in Jeevan Saral Policy is available when the policy exit through death, maturity or surrender after 10 years.

### Loyalty Addition (LA) in Jeevan Saral (Plan No. 165) of LIC of India

Loyalty Addition (LA) in Jeevan Saral policy depends on the duration of the policy completed with full sum assured and, the annual premium band of the policy. An annual premium band can be calculated on the basis of monthly premium in Jeevan Saral. Higher the premium, higher is the loyalty addition in Jeevan Saral. In the case of the partial surrender annual premium band must be calculated at a reduced premium.

This year loyalty addition declared in Jeevan Saral is more than the loyalty addition declared last two years in all premium bands, you can compare both the rates are given below. Increased bonus rates are marked green in below chart.

Loyalty addition rates declared previous year (2016-2017) are given below

Loyalty addition rates declared previous year (2015-2016) are given below

For the purpose of determining the rate of loyalty addition for exits by death or surrender or maturity the duration in completed years for which premiums have been paid shall be considered. In the case of partial surrender in policy, the benefits will be proportionately reduced.

## How to calculate Loyalty addition in Jeevan Saral

There are two types of Sum Assured in Jeevan Saral a) Death Sum Assured, b)

. To calculate loyalty addition in your policy refer your policy bond to know the Maturity Sum Assured. Also refer premium of your policy and calculated annual premium of your policy (if other than yearly Mode).Maturity Sum AssuredFormula to calculate loyalty addition: (Maturity Sum Assured/1000)* Rate of Loyalty Addition as per annual premium band

Note: Maturity Sum Assured on policy bond is written according to the term you have chosen at proposal stage. It will not be used to calculate loyalty addition while surrendering the policy before term.

Under Plan 165, provided at least 10 years premiums have been paid under the policy and policy has been in force for at least 10 years, the loyalty addition is payable on exits by maturity or death or surrender per thousand maturity sum assured for the complete duration for which the premiums have been paid.

Where a policyholder discounts the policy within one year preceding the date of maturity, the policy will be eligible for Loyalty Additions provided other qualifying conditions are satisfied

Sir,

Kindly share the official link, where I can get loyalty additon of jeeven saral policy.

Toooooooo good

dear sir i came to understand that new plan will launch shortly jeevan sagar 849. like jeevan saran, new janaraksha . is it true.

Maturity in jeevan saral after 10 year. I paid yearly 6125 rupees

Hello, I am paying a premium of INR 40,000 per year for Jeeven Saral T 165 , today completed10 Years , The policy is for 35 Yrs and Sum Assured is 8,50,000 . Is it good to close the policy now? If I will surrender this in Just completing 10 Yrs what will be the return that i will get from LIC ? Is it the right time to exit ?

Don’t surrender the policy.if you have need of money just go for the loan.bcoz you choosed long term and you will have good return on maturity.9008371668

Hello, did you surrender your policy? i’m also in a same situation and would like to understand the details before coming to conclusion.

Hi Sir

Greetings of the day

I have a jeevan saral(with profits) policy plan. I am paying a monthly premium of Rs.6125(including accident benefit premium of Rs.125/-).

Policy details:

The MSA on policy is near : 1600000/-

Policy taken date : 28 december 2013

Terms : 20 year

My age was that time: 26 year

current age : 30 year 29 year

1. I would like to know the final amount I will get on maturity (in year 2033) with LA rate of @525 ?

is it MSA +(1600000/ 1000)* 525 = 1600000 + 840000 = 2440000?

2. and secondly if I surrender the policy after 10yrs (2023) with LA rate @400 of this policy what will be the amount i get?

is it MSA for 10 year + LA for this 10 year MSA with @400

So I am confused here that agent told me to that I will get 4800000 in year 2033.

He show me Jeevan Saral table chart that is showing if I will pay 6125 per month for 20 years, then I will get near about 4800000/- in year 2033 ?

Please let me know the exact amount I will get from point 1 and point 2.

Approximately you will get 40lacs to 45 lac.May be you will also get upto 48 lac as lic increasing loyalty addition for the policy comparing to last year

The way you calculated is correct. What your agent told was wrong. Many times agents have no idea about what they say

Refer to the Policy Jeevan Amrit.

I understand it is a Term Policy with return of Premiums along with interest @ 3 %.

I have a friend who has a 5 Pay 25 yr Term Plan for Rs.50 Lac. There is confusion in the Maturity Amt Payable.

Maturity Amt is Sum Assured + Loyalty Bonus OR

Premiums Paid + 3% interest on premiums paid + Loyalty Bonus.

Pl clarify. Thanks

hello Sir,

I have taken Jeevan saral policy for a monthly premium of rs1021 in 2013 for 30 years and that time i was 25 years old. can you please provide me exact maturity amount at the end of 30 years or if i surrender the policy after completing 10 years or 15 or 20 years.What would be the total amount i will get.

Sir,

I have taken a Jeevan Saral Policy in the year 2010 with a Annual Premium of Rs.1,05,640/- for a Term of 25 Years. The Maturity Sum Assured in the Policy Bond is Rs.32,94,270/-.

Kindly let me know what will be amount I will receive on Maturity as Loyality Addition and what will be the amount I will receive if surrender after payment of 10 Premiums .

With Regards.

hello Sir,

I have taken Jeevan saral policy for a monthly premium of rs1021 in 2009 for 35 years and that time i was 25 years old. can you please provide me exact maturity amount at the end of 30 years or if i surrender the policy after completing 10 years or 15 or 20 years.What would be the total amount i will get.

Sir,

My Jeevan Saral Policy details are as given below:

Sum Assured : Rs 10,00,000/-

Age at the time of taking : 41 years

Term : 20 years

Commencement Date : 10/01/2011

Date of Maturity : 10/01/2031

Can you please inform the approximate amounts that I will get on

i) Surrender after completion of 10 years

ii) On Maturity?

Is it advisable to surrender after 10 years or wait till Maturity?

I have taken this lic policy 165 jeevan saran on 05 jan 2009 for 10 years and was paying Rs 1531 quarterly without fail. today on maturity i found that i have got total amount is Rs 64457 and total amount was paid Rs 61240 hence total profit in 10 years is Rs 3217 which is just useless. I was told by my LIC agent that you will get above one lakh after ten years.

hi

can u share ur policy number with your fname & full d.o.b with ur location .

Hello Sir,

I have a jeevan saral(with profits) policy plan. I am paying a yearly premium of Rs.21284(including accident benefit).

Policy details:

The MSA on policy is near : 437500/-

Policy taken year : 2011

Terms : 35 year

My age was that time: 27 year

current age : 34 year

1. I would like to know the final amount I will get on maturity with LA?

2. If I surrender the policy after 10yrs, what will be the amount i get?

Please let me know the exact amount I will get from point 1 and point 2.

HI,

I have taken Jeevan Saral plan-165 for 25 years in 2010. Without much knowledge during that time I asked the agent to make 2 policies for 24000(Sum assured 500000) and 48000(Sum assured 1000000) instead of one single policy with 72000 per year(Sum assured 1500000). Now i realized, i am going to lose on loyalty addition bonus based on my annual premium. Is there a way i can combine these 2 policies into one as i have taken both policies on same day? My initial thought process was to continue one for 25 years and back out on one if i can’t pay the premiums. I also have another LIC policy for 25 years with 75000 annual premium so is it advisable to discontinue Jeevan Saral after completion of 10th year. If i do discontinue, what would I get on both my Jeevan Saral policies?

Hello,

I have taken Jeevan Salary (165) in Dec’12. Policy term is 20 years. MSA is 964440 and monthly premium is 3999.67 Plus 83.37 as accident death benefit rider of 10L. I need to know the Loyalty Bonus and other benefits after 10 years and on Maturity. Is it worth to continue with this policy?