LIC Saral Jeevan Bima Plan 859 – Best Budget Term Plan

LIC Saral Jeevan Bima (Plan 859) – Simple, Uniform Term Insurance

LIC Saral Jeevan Bima (Plan 859) is IRDAI's standardized term product — the same features, same terms across ALL insurance companies. This makes it the easiest to understand and compare.

Why Saral?

"Saral" means simple. IRDAI designed this product to be transparent and uniform — no complex clauses, no fine print surprises. What you see is what you get.

Key Features

• Min SA: ₹5,00,000, Max SA: ₹25,00,000
• Min Term: 5 years (shortest in LIC term plans)
• Max Term: 40 years
• Entry Age: 18 to 65 years
• No medical examination up to certain SA limits

Premium Example

Age 30, ₹10L SA, 20-year term: Annual Premium ≈ ₹5,950. Monthly: ₹509. With 0% GST: No extra tax.

When to Choose Plan 859 vs 854/855?

• SA below ₹25L: Saral is available (854/855 minimum is higher)
• First-time buyer wanting simplicity: Saral is perfect
• Short term (5-7 years): Only Saral offers 5-year minimum
• SA above ₹25L: Choose Tech-Term or Jeevan Amar for lower rates

Conclusion

For first-time insurance buyers or those needing smaller SA, Plan 859 is the most accessible and straightforward option. Calculate at our Saral Jeevan Bima calculator.