# LIC Jeevan Saral (Plan 165) – Details, Calculators, Review and Illustrations

*LIC Jeevan Saral (Plan 165) – Details, Calculators, Review and Illustrations*.** Jeevan Saral (plan 165)** is one of the most ‘flexible’ and ‘feature rich’ conventional endowment type plan ever launched by LIC of India. Due to the high flexibility it offers to the customer, it is often referred as a conventional plan, with the flexibility of Unit Linked Plans. High insurance coverage and liquidity are the highlights of the plan.

##### LIC Jeevan Saral (Plan 165) – Key features

- The policyholder can choose his own premium amount and
**Maturity Sum Assured**as well as**Death Sum Assured**is subsequently determined based on the premium paid by him. - Death coverage shall be the sum of,
**250 times**the monthly basic premium (**Death Sum Assured**) + Premium paid (excluding the first year premium and rider premiums.) +**Loyalty Additions**(if any). - Maturity amount of the plan shall be the sum of, the
**Maturity Sum Assured**(which varies based on the age at entry and term of the plan) +**Loyalty additions**(if any). - Complete or
**Partial surrender**of the plan can be done any time after the completion of 3 years, provided, premiums have been paid for at least three full years. **Auto cover**shall be available for a period of 12 months if the policy has been in force for 3 or more full years. (Auto cover will not be available for rider benefits)**Term**Rider and**Accident benefit**rider available (based on certain conditions and restrictions).

Please Note: LIC’s Jeevan Saral plan was withdrawn from sale with effect from 31/12/2014. And hence you cannot purchase it any more. But all the policy holders who have purchased it before the withdrawal date will continue to enjoy the benefits of the policy.

##### LIC Jeevan Saral (Plan 165) – Eligibility conditions and Restrictions

LIC’s Jeevan Saral (Plan 165) – Eligibility conditions and restrictions | ||
---|---|---|

Condition | Minimum | Maximum |

Age at entry | 12 years (completed) | 60 Years (nearer birth day) |

Term of the plan | 10 years | 35 years |

Premium | Rs 250/ month (entry up to 49 years) | No Limit |

Rs 400/ month (50 years and above) | ||

Accident benefit rider (Age allowed) |
18 years (completed) | 60 Years (nbd) |

Term Rider | 18 Years (completed) | 50 Years |

www.insurancefunda.in |

##### LIC Jeevan Saral (Plan 165) – Premium and Benefit Calculator

Premium and Benefit Calculator for LIC Jeevan Saral is a powerful tool to understand all the benefits of the plan in a simple and comprehensive way. You can provide parameters such as age, basic monthly premium, riders etc based on your own needs to get all the details of the plan including, insurance coverage surrender value maturity benefit etc. This online calculator can be used in mobile platforms also and do not need any installations.

Click the button provided below to open LIC Jeevan Saral ( Plan 165) Premium and Benefit calculator.

##### LIC Jeevan Saral (Plan 165) – Maturity Sum Assured Vs Death Sum Assured

Generally in Endowment Assurance type of plans, Death Sum Assured will be equal or a multiple of, maturity sum assured. But in Jeevan Saral plan Maturity Sum Assured and Death Sum assured are entirely different entities. Death sum assured is defined as, 250 times basic monthly premium, where as Maturity Sum Assured is calculated based on a table supplied by LIC of India. Maturity Sum Assured considerably varies depending on the age at entry. You can check the chart given below to understand the variation pattern of Maturity Sum Assured with age.

From the above chart, you may notice the fact that lower age group people will get more maturity benefit compared to higher age group where as the premium paid and the death sum assured remains same for all.

##### LIC Jeevan Saral (Plan 165) – Surrender value

The surrender value of the Jeevan Saral plan plan is the higher of Guaranteed surrender value(GSV) and special surrender value (SSV) applicable at the time of surrender.

GSV = 30% of (total amount of premium paid – (First year premium and riders))

Special Surrender value (SSV) = Accumulated value of the policy + Loyalty additions (If any)

LIC Jeevan Saral – Accumulated value chart | |
---|---|

Premium Paid Period | Value |

Less than 4 Year premium paid | 80 % of Maturity Sum Assured |

4 Year premium paid | 90% of Maturity Sum Assured |

5 or more year premium paid | 100% of Maturity Sum Assured |

##### LIC Jeevan Saral (Plan 165) – Example of benefits

In order to understand the plan better, let us consider an example of a person taking Jeevan Saral Plan. Let the details of the person taking the plan be as follows.

Details of the person considered for example | |||
---|---|---|---|

Age | 25 | Term | 16 Years |

Basic Monthly Premium | Rs.4000 | Death Sum Assured | Rs. 100,00,00 |

Double Accident Benefit | Opted | Income Tax Slab | 30 % |

The Premium and the benefits of the example considered will be as given below. The Maturity Sum Assured of the plan is considerably higher, when compared to the premium paid, for younger age group. In this example you can see that the maturity sum assured is Rs. 8,45,480 where as the total premium paid is just Rs. 7,68,640. **LIC has declared loyalty addition rates up to **17-year** term** and the loyalty addition rate shown here is as per the rate declared by LIC for current year.

The illustration shown here is based on the example considered. If you want to calculate the details based on your own details, use – Jeevan saral – complete calculator.

If you have any doubts or require more clarifications, drop a comment on the ‘Comment’ section given below.

### Anish L J

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Hi,

If I decide to surrender the Jeevan Saral plan (16 Years plan. Sum assured 2,50,000) at 8th year, should I pay any Tax on the surrender value?

Premium 1000 per month

No tax is applicable for Surrender value or maturity amount of Jeevan Saral. By the way, surrendering of policy is not a good idea. Try to continue the premium and get the maturity benefit. If further premium payment is not possible due to financial constrains, try to get back the amount at the time of maturity.

hello, can i withdraw my jeevan saral policy after 10 years? as on my policy the term plan is written for 40 years . so if i withdraw after 10 years will be there any penalty? Also can i take on loan on my policy?

You can withdraw from Jeevan Saral Plan any time after 10 years to get eligibility for Loyalty addition also for at the time of withdrawal. But remember that you will get the maturity sum assured and loyalty addition of a ten year plan only if withdrawn on tenth year.

Hi,

I am paying Rs 77172/- yearly premium since 8 years for my Jeevan Saral policy. If I decide to surrender the policy this year, what will be my maturity sum assured value?

It is not advisable to surrender the policy before 10 years. Loyalty addition will be available to the policy only after 10 years. If you still want to surrender the policy you can approach any branch office and get the surrender quotation.

If your Jeevan Saral policy is a long term one and your age was below 35 when you started the plan the maturity benefits of the plan is really attractive in the current scenario of dwindling interest rates. Further the insurance coverage is also high in the plan. Use the calculator provided here and keep the term as 10 to understand how much amount you are likely to get if the policy is surrendered in the 10 th year.

i have been paying premium for good 5 years. and now i want to withdraw. so if I withdraw now is there 30% penalty or I will be getting whatever amount I have paid as premium in 5 years (i pay 60k premium pa)

Surrendering a policy before the term is not advisable as you are losing the insurance coverage. Even if you want to withdraw from the plan, it is advisable to get the amount back at maturity, as you will be able to get full paid up value and the full accrued bonus at that time.

Surrender value is the higher of Guaranteed surrender value and the special surrender value. In order to calculate the surrender value you need to know the surrender value factor, which is a percentage value already declared. Surrender Value = (Paid Up Value + Bonus)*Surrender value factor/100. You can approach nearest branch office to know the surrender value of the plan.

Hi,

I am paying Rs 49841/- yearly premium since 9 years for my Jeevan Saral policy. If I decide to surrender the policy next year, what will be my maturity sum assured value?

Please contact nearest LIC branch office for exact value..

HI,

I PAYING HY PREMIUM 6065 LAST 25/10/2008 TERM IS 35/35 HOW MUCH MATURITY I RECEIVED

Please use the calculator provided to get maturity amount. As of now loyalty addition has been declared only up to 16 years term. if your term is higher you will have to wait for the Loyalty addition to be declared to know the loyalty addition portion.

Hi

I am paying Rs 126748/- yearly premium since 7 years for my Jeevan Saral policy PLAN . what will be the amount get at maturity with other benefits.

Please use the calculator provided to get the maturity value..

Me due 12130 /=per year last 10 year se abi total kitna Balnce jama huva h 15 Year ke Bad kitna milega 165/35 H

Please use the online calculator provided to get the values.

Hi Anish,

I am investing monthly premium of 2042 in Jeevan saral. I started at age of 25 in 2008 and its 10 years since i have taken the policy. I asked my agent and he said that I will receive 480000 if i terminate the policy now which i think is highly unlikely. Also, from you calculator it seems the amount i will receive at maturity is 311388.

Can you kindly confirm what will the maturity amount if i terminate the policy now (after 10 years of premium paying).

I guess i am being tricked by my agent

The surrender value of your policy is just a call away. You can call any LIC branch office near you and get the quote. By the way, the maturity sum assured of the policy it self will be higher compared to the total premium paid as your age at the commencement of the policy was just 25 years.Maturity sum assured will be printed in your policy document. So far Loyalty additions have been declared only up to 16 years and the rates are also good compared to the current market rates. Calculation of exact maturity value may not be possible now if the term of the policy is more than 16 years.

Surrendering a policy in between is not a good idea and can bring you a loss. Generally speaking the maturity rates of Jeevan Saral is highly attractive compared to other plans especially for younger age group.

hi sir,

i am abhishek ,i have plan jeevan saral T165,i started in 2012, my policy term 20 years and i paiding 15313 INR quaterly premium. i want to surrendar this policy, i want to know that how much total amount i will be receive.

Surrender value quotation can be obtained from the nearest branch office. But I do advise you to keep the policy.

If you go through other sites which provide information on these plans you are likely to get advises to surrender your policies.

They claim that they are certified Financial Planners but actually they are misguiding you. Many of them are old LIC agents and have poor knowledge on the concept and working of insurance policies. You can look at the benefits and compare it will other options available and take a decision by your own. Use the calculator provided to get more information.

Hello sir, I have this Jeevan Saral policy and I have a monthly premium of Rs 10,000. I entered it at the age of 25 years in July 2013. I have few questions regarding:

1. The loyalty additions will be automatically added by LIC after 10 years and I dont need to provide additional money for this?

2. Is it advisable to surrender now (it is already 5 years since i entered the policy) and hence I should get 100% of the sum assured.

3. How do I find out the sum assured at the end?

Jeevan Saral is a good policy especially for young customers as the maturity sum assured is considerably higher when joined at an younger age. As you have joined the scheme at the age of 25 you are eligible for high maturity sum assured. Please use the calculator provided to get more information.

1. You need not pay more money for loyalty additions. It is an inbuilt benefit of the scheme.

2. Surrendering an insurance policy is not advisable in between as it brings loss to you. Further, you are loosing the insurance coverage obtained at the age of 25 at a considerably low rate. Loyalty addition is one important portion of maturity benefit and you will not get it if you surrender now. As of now you have paid only 5 years premium and maturity sum assured available will be as per the 5 year term only.

3. Maturity sum Assured is printed in the policy bond supplied to you. You can use the calculator provided at InsuranceFunda to know the maturity sum assured.

Hello Sir , I am paying term as 24020 yearly and number of terms are 20 started in 2011 age of 24 . how much amount i will get after 20 years .

As per your calculator i am getting below details :-

Yearly

24020

Maturity Sum Assured

557520

Half Yearly

12130

Loyalty Addition

Loyalty Addition declared only upto 16 year term

Quarterly

6125

Total Benefit

557520 + LA

Monthly

2042

Total Premium Paid

480400

But in the bond it says :-

Maturity sum assured :- 557520

Death benefit sum assured under main plan :- 500000

Accident benefit sum assured :- 500000

can i assume i will get sum of all these after 20 years

Your total maturity benefit shall be the sum of Maturity Sum Assured and loyalty additions. Your maturity sum assured is already known and it is Rs.557520

The loyalty addition part is yet to be declared and hence we do not know the exact value. So far loyalty additions has been declared up to 16 year term only. It will take four more years to declare loyalty additions for 20 year term. You can expect around 5,00,000 as loyalty additions as per the existing trends.

Hi Anish,

Good day,

I am paying 72000 per year ,But the agent devided in to 15 policies (4800 each) and i got 15 bonds which will mature from 16th year to 30th year(one each year).

i would like to know

1. is there any difference in loyalty addition due to divided as 15 policies.

2. if i surrender all bonds in 11th year can i get the loyalty.

3.if i surrender all the bond in 16th year how much i can get?

I think the agent has divided the policy to create a pension plan which provides income from 16 th to 30 th year. If this is the purpose one advantage is that each pension amount available every year will be tax free as it is the maturity amount. Please note that pension received is generally taxable and is added to your income. Loyalty addition is available for all policies withdrawn after 10 years. Please use the calculator provided to calculate the surrender value on the 16 th year. Keep the monthly premium as 6000 or put sum assured as 15,00,000.

hello sir ,

I have jeevan saral

Sum assured = 5lakhs

Premium half yearly = 12000

term = 20 yrs

completed 6.5 yrs.

I like to do a partial withdrawal for 2 lakhs at 10 year. will it possible.

Also brief me on Partial withdrawal.

Thanks

Partial withdrawal can be done on the 10 th year. Remember that the remaining sum Assured will get reduced after doing the partial withdrawal. Premium amount also will get reduced to the tune of remaining Sum Assured. Remaining sum assured / 250 will be the monthly premium after partial withdrawal.

Thank you sir, In this case how will be maturity amount calculated at the end of 20 year term.

Hello Sir, I started paying premium for this Jeevan Saral (Plan-165) in 2012. My sum assured is 7,50,000 and I have been paying a premium in excess of 36000 every year. Would you suggest that I continue paying the premium or should I surrender the policy? If I consider surrendering the policy should I rather wait till I complete 10 years in 2022 so that I get some loyalty bonus?

Surrendering a policy in between is not advisable due to several reasons. My advise is to continue the policy and get the maturity amount and avail the invaluable insurance coverage till maturity.

Dear Anis,

I have same policy as Mr. Abhinav Kumar and monthly premium of 3036 and started policy on June-2011. At present, I am going through some financial crisis as I lost my job and wanted to surrender my policy. Thus, can you please let me know how much amount I be getting after taxes.

Surrender value of you policy can be obtained from your nearest branch office. It is just a call away.

I am monthly paying 4080rs as premium since 2012 Oct. When can i expect Loyalty Additions.. and how much i can expect?

Loyalty addition has been declared only up to 16 year term. Next year LIC will declare it for 17 year and so on. I am unable to provide expected loyalty addition which is not yet declared.

i yearly paying 6244 as premium since 2012 july when can i expect loyalty additions… and how much can expect in 10 years

Use the calculator provided in the post to get loyalty additions and maturity value…

Hi, I purchased a Jeevan Saral Policy to help a friend who became a LIC agent. Now i do not remember why is this policy of any use to me. Can you please advise if i should continue or break it? i work and yes it helps me with tax saving. Started policy in Aug-2009, I pay 3828 quarterly(15000/-yearly)lock-in peroid -35 years, purchased at age 32yrs. Also I am confused, is it useful only incase of death to my nominee or there is maturity sum also that i will get?

Jeevan Saral is a good policy, especially for young people and as you have purchased it at the age of 32 you are eligible for a higher maturity sum assured compared to endowment plans. As the term of the plan is 35 years you are eligible for best loyalty addition rates also. it is always advisable to continue it if there is no sufficient reason to break it…

sir i taken jeevan saral policy in 2011 and my premium is half yearly 12130 for 35 years.at the time of policy purchase my age was 19 years.Now i want to quit this policy bcoz somebody told me there are no benefits of this policy.Pls tell me should i continue or break this policy.

You have done a great decision to take the policy at the age of 19 years. You can use the calculator provided to get a clear idea on the advantage of taking this policy at an young age. From the calculator you can see that the total premium paid by you is Rs 8,40,000 where as the maturity sum assured itself is Rs. 10,77,720 As the term of the plan is 35 years you will be eligible for excellent loyalty addition also. I don’t see any reason to justify closing such a scheme and loosing valuable insurance coverage along with good returns.

My LIC PLAN 165 started at 15.04.2008 Rs.250000/- half yearly premium of Rs.7536/-. I paid 14 premium last paid 15/10/2014.(seven year)My policy is laps so i want to surrender 10.5 year completed time of starting. so i want to know

that how amount i will received.

Please contact nearest LIC branch office for the Surrender value. You can consider reviving the policy also.

Dear Sir,

I hv taken 2 Jeevan Saral policies at the age of 53 years for 15 years.in Sept.2010 for Rs.7,50,000/- each. paying half yearly premium of app Rs.36000/- each.

The maturity value shown in each policy is Rs.3,28,200/- i.e. less than the total premium we are paying for 15 years and do not see any profit in it.

Please suggest, whether I should continue the same for 15 years or surrender both the policies after 10 years or surrender it immediately.

That is a difficult question to answer. Maturity sum assured is considerably low for Jeevan Saral Policy at higher ages. For a 7.5 lakh policy you are paying a half yearly premium of Rs.18195 for 15 years (Please use the calculator)and the total premium paid is 540450. The maturity sum assured is 328200 and the loyalty addition at current rates is Rs.185433. So the total expected benefit on 15 th year is 513633.

On the insurance coverage point of view you are getting an insurance coverage of 7.5 lakh + Loyalty addition + Premium Paid (excluding first years premium). So the insurance coverage up to 13.5 lakhs shall be available for you up to 68 years of age.

I am small salaried person Rs.10000/- per month . my age is 29year , I am married. Please suggest any insurance plan.

Dear Rajendra,

I don’t want to suggest to you an insurance plan based on these few details. Please approach a good insurance advisor, so that he can guide you based on your needs. By the way, Jeevan Anand is a good plan you can think of..

I have purchased Jeevan Saral policy (Plan 165) in the year 2012. My half yearly premium is Rs.24,260/-

What will be my maturity value at the end of 35 years of the policy. My age at the time of taking policy was 23 years.

Sum assured is Rs.10 lacs.

Dear Rohit,

You can use this calculator to get the expected maturity value up to 16-year term. For higher terms, loyalty additions have not been declared hence it cannot be calculated.

Hello , I am started my jeevan saral policy at 2009.My policy term is 25 year and my premium value is Rs.919.00 per month.If i want to withdraw my policy after 10 year, what amount i’ll get?

Use this Jeevan Saral calculator and keep the term as 10 years to get the value.

Hello,

I am Jeevan saralm policy holder terms 25 years.If i want to withdraw my policy after 10 years what amount should i get?

Policy start 2009

premium 919.00 monthly

Terms 25 years.

Hi Anish,

I took the Jeevan Saral policy in year 2010, with Rs29400 as yearly premium and Rs697950 is the maturity sum assured.

Can I take loan on it now? And is it interest free? Do I need to pay back or can reduce it from the final maturity amount?

I am paying extra Rs625 yearly for accident rider. Can I include term rider now? And what will be the premium.

Dear Venkat,

Loan facility is available under Jeevan Saral Plan and you can avail it from your policy. You will have to pay interest on the loan taken.

You can reduce the loan amount from the maturity payment if you are regularly paying the interest amount.

Term rider can be added only at the time of commencement of the policy.

Hii Sir,

I am enrolled with jeevan saral (Plan 165)

my term is till 2035.

I will b completing 10 years in march 2019.

Is there any facility of paying the premium for by partial withdrawal for rest of the period till maturiy.

if yes , where and how can I avail it?

I contacted the branch but received no help, as I have shifted out of India its becoming difficult to manage premium from here.

Please guide,

Thank you

Girish

Dear Girish,

Jeevan Saral plan does not have partial withdrawal facility as in case of ULIP plans. You may be referring to Partial surrender facility. Partial surrender is different from partial withdrawal. In partial surrender, you are surrendering a portion of your policy and the premium, Maturity amount and sum assured will change on partial surrender. So it is not possible to pay the premium using partial surrender.

Hello Sir I Bought Jeevan saral Policy( 165) in 2009 My age at that time was 37 Sum insured is 2212500 .I Pay quarterly premium of 30,632.Maturity Date is in 2037 Can I surrender the policy Next Year in 2019.What is the amount I will get after completion of 10 years? Thanks

Use this calculator to get the surrender value of your policy. Surrender value and maturity value shall be the same as there is no surrender charge in Jeevan saral policy.

7 percent return after 17 years onwards and gradually increasing returns are good signs of jeevan saral policy holders.

Do u feel that 8.5 to 9 percent return for term of 35 years is a possibility with jeevan saral.

With added benefits of no income tax at maturity

With an average life insurance plan.

The increase of Loyalty addition rates with the term is a good indicator of the high possible returns of long-term policies. I don’t want to guess any value. But I feel good returns are assured.

Hi Anish,

Thanks for your details on this page. Please help on below questions.

1. Where we can check in LIC official web site for bonus information, have seen the jeevan saral bonus information was mentioned for year 2010 but where to check this bonus/loyalty addition information used for calculator.

2. My policy is 35 year term and i have entered into this policy by 26 year of by age and currently 8 years completed. I can see many comment it is good to surrender more then 10th year of the policy. But considering the policy term is 35 year and if in case i surrender this policy after 10 year then loyalty addition will be paid to me or not? Otherwise any loyalty addition or bonus will be considered to paid only post completing the overall term of the policy? Please help

Thanks

Sathish

I have answered the same query. Please check it.

Hi Ashish,

Thanks for your detail in this page. Have below 2 questions, please help.

1. Per Jeevan saral policy, the loyalty addition will be added from 10th year, will this loyalty addition to be paid to customer when they surrender policy post 10 year completion even the policy term is 35 years. My policy is 35 year term and am into 8th year and facing a loss as of now, hence if i wait till 10th year then loyalty addition will be paid and which is not loss. As checked with branch, they suggested the loyalty addition can be paid only completing the policy term which is 35 years? Not understand which is true.

2. Where to check loyalty addition/bonus rates for Jeevan saral 17-18 where you have arrived the calculator?

Thanks

Sathish

The loyalty addition shall be provided to you at the time of surrender of the policy depending on the term completed as on date of surrender. So if you are surrendering on the 12 th year, you will get loyalty additions available for a policy with term 12 years.

Please check this article.

Hi Sathish,

You need not wait till the 35th year to get loyalty additions, If you surrender the plan post 10th year you will get loyalty additions depending on the period completed at the time of surrender.

Please Check this post to get loyalty addition rates of Jeevan Saral.

Hello Sir I Bought Jeevan saral Policy( 165) in 2012 My age at that time was 22 Sum insured is 200000 .I Pay half yearly premium of 4,852. Maturity Date is in 2047 Can I surrender the policy in December 2018 What is the amount I will get after completion of 10 years because i repay my personal loan? or is this policy is good for continue. Please give me advice what i do. Thanks

Jeevan Saral is an excellent policy for young people as the maturity sum assured is considerably high compared to other policies. Loyalty additions up to 17 years have been already declared by LIC and are better than expected. Loyalty additions are showing an increasing trend with the term and hence you are likely to get excellent returns. Insurance coverage of Jeevan Saral plan is also higher compared to other plans. Use this calculator to get the maturity sum assured of your policy. Surrendering such a good policy is not a good idea. Please get the surrender value from the nearest branch office.

sir i taken jeevan saral policy in 2008 and my premium is half yearly 4852 for 35 years.at the time of policy purchase my age was 23 years.Now i want to quit this policy bcoz somebody told me there are no benefits of this policy. Pls tell me should i continue or break this policy because i repay my personal loan & completed 10 year of policy

Jeevan Saral is an excellent policy for young people as the maturity sum assured is considerably high compared to other policies. Loyalty additions up to 17 years have been already declared by LIC and are better than expected. Loyalty additions are showing an increasing trend with the term and hence you are likely to get excellent returns. Insurance coverage of Jeevan Saral plan is also higher compared to other plans. Use this calculator to get the maturity sum assured of your policy.

I’ve taken Jevan Saral policy in 2012 at age 24, with an annual premium of INR 48K. The agent misguided me with the maturity plan of 21 yrs with IRR of 10%. I intend to hold the policy till maturity, but as the loyalty addition after 16 th year is still not available curious to know what will be the tentative expected IRR after 21 yrs for 48K yearly premium policy.

Dear Devendra,

Jeevan Saral is providing good returns as you can see in the post. But expecting a return of 10 % in an insurance-linked product is far from a reality.

I don’t want to do any guess works in this regard.

I had started investing in jeevan saral165 with monthly Rs. 510 premium in year 2008 at age of 46. Now after 10 years in 2018 I am getting basic amount 47000 plus bonus 16000 rupees. So total amount 63000 rupees. In last 10 years I have invested total 120 × 510= 61200. So how I am getting such a low amount which is approx. same as my investment.

Yes, This plan is more suitable for young people with age below 35 in investment angle. Further, it requires more period to get a decent maturity amount. Say 16 to 20 Years. Insurance coverage is higher compared to other plans in Jeevan Saral Basic neath coverage itself is 125000 where the total premium paid is just 61000.