LIC Saral Jeevan Bima Plan 859 Calculator

Plan No. 859 (UIN: 512N341V01) - A Non-Linked, Non-Par, Individual Pure Risk Premium Life Insurance Plan

Your Current Age Min: 18, Max: 65 years (Last Birthday)

Gender Rates are generally standard for this plan.

Purchase Channel Online channel may have rebates.

Basic Sum Assured (₹) Min: ₹5,00,000, Max: ₹25,00,000. Multiples of ₹50,000.

Policy Term (Years) Min: 5, Max: 40 years (Max Maturity Age: 70).

Premium Payment Option Choose how long to pay premiums.

Premium Payment Mode Frequency (for Regular/Limited).

Premium Options

Click on a premium option to see its details.

GST: Premiums shown are inclusive of 18% GST (assumed rate). Base premiums are exclusive of GST. Actual GST is as per prevailing rates.

Death Benefit Details

Waiting Period (First 45 days from risk commencement):

Death due to Accident: "Sum Assured on Death" is payable.
Death other than Accident: 100% of all premiums paid (excluding taxes) refunded; Basic Sum Assured is NOT paid.

After Waiting Period (45 days):

"Sum Assured on Death" is payable.

"Sum Assured on Death" is defined as:
For Regular/Limited Premium: Highest of (a) 10 times Annualised Premium, (b) 105% of Total Premiums Paid till death, (c) Absolute Amount Assured to be paid on death.
For Single Premium: Higher of (a) 125% of Single Premium, or (b) Absolute Amount Assured to be paid on death.
"Absolute Amount Assured to be paid on death" under this plan is equal to the Basic Sum Assured.
Annualised Premium/Single Premium for this definition excludes taxes, extra premiums and rider premiums. Total Premiums Paid excludes taxes and extra premiums.

Maturity Benefit

On survival of the life assured to the end of the policy term, no maturity benefit is payable under this plan.

Year-wise Benefit

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Policy Year	Age (End of Year)	Annualised Premium (₹)	Cumulative Premium Paid (₹)	Death Benefit (Absolute Amount Assured) (₹)

Above illustration shows 'Absolute Amount Assured' (equal to Basic Sum Assured) for death benefit. The actual "Sum Assured on Death" will be higher of the defined conditions. Annualised Premium shown is the underlying annual premium before modal loadings, exclusive of GST and after applicable rebates.

Plan Summary

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Key Features:

A Non-Linked, Non-Participating, Individual, Pure Risk Premium Life Insurance Plan.
Provides financial protection to the insured's family on unfortunate death.
Can be purchased Offline or Online.
Option for Single, Regular, or Limited Premium Payment (PPT 5 or 10 years).
Benefit of High Sum Assured Rebate.
Waiting period of 45 days for non-accidental death.

Eligibility Conditions:

Minimum Entry Age: 18 years (last birthday)
Maximum Entry Age: 65 years (last birthday)
Maximum Maturity Age: 70 years (last birthday)
Policy Term: 5 to 40 years (subject to Max Maturity Age)
Premium Paying Term (PPT):
- Regular Premium: Same as Policy Term
- Limited Premium: 5 years or 10 years
- Single Premium: One-time payment
Minimum Basic Sum Assured: ₹5,00,000
Maximum Basic Sum Assured: ₹25,00,000
Sum Assured Multiples: ₹50,000
Premium Payment Modes (Regular/Limited): Yearly, Half-Yearly, Monthly (ECS/NACH)
Minimum Premium (Annual/Single, excl. tax): Regular/Limited Annual - ₹3,000 (approx for yearly mode, varies with mode), Single - ₹30,000. (Actual minimum instalment varies by mode).

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