1. What is Jeevan Saral 165 Surrender Value?

The Jeevan Saral 165 Surrender Value represents the amount a policyholder receives upon surrendering their policy before maturity. It is calculated based on the Maturity Sum Assured, term paid, and any applicable loyalty additions.

2. How Does the Calculator Work?

The calculator uses the surrender value formula:

Where:

• Maturity Sum Assured — The guaranteed sum assured at maturity
• Term Paid — Number of years premiums have been paid
• Loyalty Addition — Any bonus or loyalty additions provided by the insurer

Explanation: The formula calculates the base surrender value proportional to the term paid, plus any additional loyalty bonuses that may apply.

3. Importance of Surrender Value Calculation

Details: Understanding the surrender value helps policyholders make informed decisions about policy continuation versus surrender, especially during financial constraints.

4. Using the Calculator

Tips: Enter the Maturity Sum Assured in currency, Term Paid in years, and Loyalty Addition in currency. All values must be valid positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: When can I surrender my Jeevan Saral 165 policy?
A: Typically after paying premiums for a minimum period (usually 3 years), but terms may vary by policy.

Q2: Is the surrender value guaranteed?
A: The base calculation is guaranteed, but loyalty additions may vary based on insurer performance.

Q3: How does term paid affect surrender value?
A: Longer payment terms generally result in higher surrender values due to the proportional calculation.

Q4: Are there surrender charges?
A: Some policies may have surrender charges, especially in early years, which would reduce the calculated value.

Q5: Can I get a loan against this policy instead?
A: Many insurance policies allow loans against the surrender value, which may be a better option than full surrender.