🛡️ Table No. 862 • Pension • Standard Annuity
LIC Saral Pension Calculator
Standard Immediate Annuity with 100% Return of Purchase Price. Check exact yearly, half-yearly, and monthly premiums with 2026 bonus estimations.
40 Years
₹ 10,00,000
LIC Saral Pension RETURNS
Projected Total Maturity / Payout
₹ 0
Total Premiums Paid (Over PPT)
Net Profit / Bonus Gain
₹ 0
1st Year Premium (+ 4.5% GST)
₹ 0
Renewal Premium (+ 2.25% GST)
₹ 0
Guaranteed Life Cover (Death Benefit)
₹ 0
Daily Savings Required
₹ 0/day
| Basic Sum Assured | ₹ 0 |
| Simple Reversionary Bonus (SRB) | ₹ 0 |
| Final Additional Bonus (FAB) | ₹ 0 |
| Guaranteed Additions (if applicable) | ₹ 0 |
| Periodic Survival Benefits Paid | ₹ 0 |
| Estimated Total Value | ₹ 0 |
RENEWAL PREMIUM IN ALL PAYMENT MODES
Yearly
₹ 0
+2.25% GST
Half-Yr
₹ 0
+2.25% GST
Quarterly
₹ 0
+2.25% GST
Monthly
₹ 0
+2.25% GST
Investment vs Returns Distribution
Life Cover & Surrender Value Accumulation
| Year | Age | Annual Premium | Cumulative Invested | Normal Life Cover | Accidental Cover | Surrender Value | Eligible Loan (90%) |
|---|
About LIC Saral Pension (Table No. 862)
Standard immediate annuity plan by IRDAI regulations. Pay once and get guaranteed fixed pension for life with 100% return of purchase price to nominee upon death.
Key Plan Highlights
- Immediate pension starts from next month/quarter/year
- Lifelong fixed guaranteed annuity rate (~6.4% - 6.8%)
- 100% purchase price returned to nominee on death
- Loan facility available after 6 months
Eligibility Criteria
- Minimum Entry Age: 40 Years
- Maximum Entry Age: 80 Years
- Minimum Basic Sum Assured: ₹ 2,50,000
- Maximum Basic Sum Assured: No Upper Limit (subject to underwriting)
Tax Benefits & Liquidity
- Section 80C: Premiums eligible for tax deduction up to ₹1,50,000/year.
- Section 10(10D): 100% tax-free maturity and death claims.
- Policy Loan: Available after paying 2 full years of premiums.
- Surrender Value: Guaranteed surrender value acquires after 2 years.
Frequently Compared Policies
Policyholders evaluating this plan also calculate premiums for these alternative options.
Table 858
Compare
New Jeevan Shanti (858)
Deferred annuity option
Open New Jeevan Shanti (858) Calculator →
Table 857
Compare
Jeevan Akshay VII (857)
Immediate annuity with 10 options
Open Jeevan Akshay VII (857) Calculator →
Table 945
Compare
Jeevan Umang (945)
Whole life insurance + pension
Open Jeevan Umang (945) Calculator →
Helpful Policy Tools for this Plan
Estimate cash surrender values, loan eligibility, or compare side-by-side.
Frequently Asked Questions about LIC Saral Pension
Get quick answers to the most common questions regarding LIC Saral Pension (Table 862) premiums, bonus rates, and maturity.
Q1: When does the pension payout begin under LIC Saral Pension (862)?
⌄
Saral Pension is an immediate annuity plan. Your pension begins immediately in the following month, quarter, half-year, or year as selected.
Q2: Is the purchase price returned to my nominee?
⌄
Yes. 100% of the original purchase price (single premium) is returned to the nominee upon the annuitant's demise.
Q3: Can I take a loan on Saral Pension?
⌄
Yes. A policy loan is available after 6 months from the date of policy issuance.