Saral Jeevan Bima (Plan 859)

LIC Saral Jeevan Bima (859) is a standard, non-participating pure term plan with uniform features as mandated by IRDAI. It offers straightforward life cover with no complications — same product terms across all insurers for easy comparison.

Minimum entry age is 18 years and maximum entry age is 65 years.

No! From September 22, 2025, GST on all individual LIC policies including Saral Jeevan Bima is 0%. Earlier, endowment plans had 4.5% GST and term plans had 18% GST. This saves you significantly — for example, ₹10L SA endowment saves ₹2,688/yr.

Use our free LIC Calculator on this site. Select Plan 859, enter your age, sum assured and policy term — get instant accurate premium using LIC official tabular rates. The calculator includes all rebates and 2025-26 bonus slabs.

Surrender is available after 3 full years of premium payment. You receive the higher of Guaranteed Surrender Value (30%-90% of premiums paid) or Special Surrender Value. However, surrendering early results in significant loss. Consider a policy loan at 10% instead.

You need: (1) Identity proof — Aadhaar/PAN/Passport, (2) Address proof — Aadhaar/Utility bill, (3) Age proof — Birth certificate/School certificate, (4) Income proof for high SA — Salary slip/ITR, (5) Passport-size photographs, (6) Filled proposal form from LIC branch or online.