What is Saral Jeevan Bima (Plan 859)?

Saral Jeevan Bima is the standard individual pure term life insurance policy mandated by IRDAI and offered by Life Insurance Corporation of India (LIC) with standard policy terms, no maturity value, and pure death protection.

What are the minimum and maximum sum assured limits?

Minimum sum assured is ₹5,00,000, and maximum standard limit is ₹25,00,000 (available in multiples of ₹50,000).

LIC PURE TERM INSURANCE

Saral Jeevan Bima Yojana (LIC) Term Insurance Premium Calculator

Estimate official LIC Saral Jeevan Bima (Table 859) standard term insurance premiums based on age, coverage sum assured, and payment mode.

Entry Age (Years)

Sum Assured Cover (₹)

Policy Term (Years)

Tobacco / Smoker Status

Estimated Term Premium

₹6,490 / Year

Yearly Premium (Inclusive of 18% GST)

Monthly Equivalent

₹540 / Mo

Sum Assured Cover

₹25,00,000

Coverage Until Age

Age 60