🛡️ Table No. 859 • Term Assurance • Standard Term
LIC Saral Jeevan Bima Calculator
Standard Term Insurance with Simple Terms for Everyone. Check exact yearly, half-yearly, and monthly premiums with 2026 bonus estimations.
30 Years
₹ 15,00,000
LIC Saral Jeevan Bima 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 Jeevan Bima (Table No. 859)
Standard individual term life insurance policy mandated by IRDAI to provide basic term cover with standard policy wording and accessible underwriting.
Key Plan Highlights
- Standard term insurance policy with simple terms
- Sum Assured from ₹5 Lakhs to ₹25 Lakhs
- Regular, Limited, and Single Premium options
- No complicated clauses - 100% pure sum assured on death
Eligibility Criteria
- Minimum Entry Age: 18 Years
- Maximum Entry Age: 65 Years
- Minimum Basic Sum Assured: ₹ 5,00,000
- 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.
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Helpful Policy Tools for this Plan
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Frequently Asked Questions about LIC Saral Jeevan Bima
Get quick answers to the most common questions regarding LIC Saral Jeevan Bima (Table 859) premiums, bonus rates, and maturity.
Q1: What is LIC Saral Jeevan Bima (859)?
⌄
Saral Jeevan Bima is a standard, plain-vanilla term insurance plan mandated by IRDAI with standard policy wording and terms across all insurers.
Q2: What is the Sum Assured range for Saral Jeevan Bima?
⌄
The Sum Assured ranges from ₹5,00,000 to ₹25,00,000, making it accessible for all income groups.
Q3: Is there a waiting period under Saral Jeevan Bima?
⌄
Yes. There is a standard 45-day waiting period from inception (claims arising from accidents are covered from Day 1).