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Ramalingam Kalirajan11481 Answers |Ask - Follow
Mutual Funds, Financial Planning Expert - Answered on Oct 03, 2026
Asked on - Oct 02, 2026
I have purchased jeevan saral policy Rs 4083 per month for 15 years in Oct 2011 at the age of 52 years. What will be the maturity amount. Thanks
Ans: The exact maturity amount cannot be determined from the monthly premium alone. For Jeevan Saral, the entry age, policy term, maturity sum assured and applicable Loyalty Addition are important.
» Your policy details
You have mentioned:
– Entry age: 52 years
– Policy commencement: October 2011
– Monthly premium: Rs.4,083
– Premium-paying term: 15 years
– Expected maturity: around October 2026
Jeevan Saral provides maturity benefit based on the applicable Maturity Sum Assured, along with Loyalty Addition, if applicable.
» Why I cannot give an exact figure
For Jeevan Saral, the maturity benefit is not simply the total premiums paid.
The applicable Maturity Sum Assured depends on the policy details, including the entry age and policy term. Loyalty Addition, if applicable, is also added at maturity.
Therefore, giving you one exact maturity figure based only on Rs.4,083 monthly premium could be misleading.
» What you should check
Please look at your original policy bond and give me these 4 details:
– Plan No.
– Policy term.
– Sum Assured / Maturity Sum Assured.
– Date of maturity.
You can also upload a photo or PDF of the first page of the policy bond after hiding your policy number, address and other personal details.
Once you provide these details, I can help you work out the likely maturity amount, including the applicable Loyalty Addition, as far as the available policy information permits.
Since your policy is reaching maturity now, I would also suggest obtaining the maturity quotation directly from LIC before making any decision about reinvestment.
Best Regards,
K. Ramalingam, MBA, CFP,
AMFI-Registered MFD – ARN 4188
www.holisticinvestment.in
https://www.linkedin.com/in/ramalingamcfp/
(more)
» Your policy details
You have mentioned:
– Entry age: 52 years
– Policy commencement: October 2011
– Monthly premium: Rs.4,083
– Premium-paying term: 15 years
– Expected maturity: around October 2026
Jeevan Saral provides maturity benefit based on the applicable Maturity Sum Assured, along with Loyalty Addition, if applicable.
» Why I cannot give an exact figure
For Jeevan Saral, the maturity benefit is not simply the total premiums paid.
The applicable Maturity Sum Assured depends on the policy details, including the entry age and policy term. Loyalty Addition, if applicable, is also added at maturity.
Therefore, giving you one exact maturity figure based only on Rs.4,083 monthly premium could be misleading.
» What you should check
Please look at your original policy bond and give me these 4 details:
– Plan No.
– Policy term.
– Sum Assured / Maturity Sum Assured.
– Date of maturity.
You can also upload a photo or PDF of the first page of the policy bond after hiding your policy number, address and other personal details.
Once you provide these details, I can help you work out the likely maturity amount, including the applicable Loyalty Addition, as far as the available policy information permits.
Since your policy is reaching maturity now, I would also suggest obtaining the maturity quotation directly from LIC before making any decision about reinvestment.
Best Regards,
K. Ramalingam, MBA, CFP,
AMFI-Registered MFD – ARN 4188
www.holisticinvestment.in
https://www.linkedin.com/in/ramalingamcfp/