LIC Saral Jeevan Bima Plan 859 Calculator
Non-Linked, Non-Participating, Individual Pure Risk Premium Life Insurance Plan
Saral Jeevan Bima is a standard pure protection term plan available both offline (through agents/branches) and online. It provides a level life cover at affordable premiums. A 45-day waiting period applies — accidental death is covered from day 1; for natural death within 45 days, only premiums are refunded. Premiums shown are exclusive of GST (18%). All figures are indicative based on brochure sample rates.
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Age, Sum Assured, Policy Term & Purchase Channel
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Age last birthday at policy commencement (18–65)
Enter age between 18 and 65.
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Min ₹5,00,000 | Max ₹25,00,000 | Multiples of ₹50,000
Enter BSA between ₹5L and ₹25L in multiples of ₹50,000.
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5–40 years; max maturity age 70
Enter valid policy term (min 5; maturity age cannot exceed 70).Premium Summary
Annual premium inclusive of GST
Tabular Annual Premium (Gross)
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Online Rebate (0%)
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High Sum Assured Rebate
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Net Tabular Premium (before GST)
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GST @ 18%
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Annual Premium (incl. GST)
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Key Metrics
Your coverage summary at a glance
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Life Cover (BSA)
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Annual Premium (incl. GST)
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Total Premium Paid
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SA on Death (Yr 1)
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Maturity Benefit
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Cover ÷ Total Premium
Death Benefit Schedule
SA on Death payable to nominee
45-Day Waiting Period: If death occurs within 45 days of commencement (other than accidental), only premiums paid are refunded — no SA. Accidental death is covered from Day 1.
Premium vs Coverage Chart
Cumulative premium paid vs life cover over policy term
Year-wise Benefit Schedule
Annual premium paid and SA on Death each year
| Year | Age | Annual Premium (₹) | Cumul. Premium (₹) | SA on Death (₹) |
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Disclaimer: This calculator is for illustration purposes only. Premium rates are based on brochure sample data (BSA ₹10L, PT=25 reference) and indicative figures derived therefrom. Actual premiums may vary. Please consult an LIC agent or visit the official LIC website for exact quotations. LIC Plan 859 — Saral Jeevan Bima (UIN: 512N341V01). GST @ 18% included.
Mohibul Islam
LIC Agent & Web DeveloperMohibul Islam is an LIC agent with 7+ years of experience. He also works in web development and blogging. He creates simple tools on LIC Plan Calculator to help people understand LIC plans, calculate benefits, and make better financial decisions easily. Read More About »