0% GST on LIC Policies from Sep 22, 2025 licindia.in ↗ | India · 2026
Plan 858 Pension 0% GST 2025

Saral Pension (Plan 858)

Standard Annuity — Simple Guaranteed Lifetime Pension

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About Saral Pension

LIC Saral Pension (858) is an IRDAI-mandated standard immediate annuity plan. It offers simple, uniform features across all insurers making it easy to compare. Pay once, receive guaranteed pension for life. Available as single life or joint life (with spouse).

Key Features

IRDAI-standard product — same across all insurers
Single or joint life annuity options
Return of purchase price on death (option)
Higher age = higher annuity rate
Pension for entire lifetime — never stops

Policy Benefits

Immediate annuity: Pension starts within 1 month
Single life: Pension for your lifetime
Joint life: Continues to spouse after your death
Return of Purchase Price variant: 100% refund on death
Tax: 80CCC for annuity purchase

Eligibility & Terms

Min Entry Age 40 years
Max Entry Age 80 years
Min Purchase Price ₹1,00,000
Min Annuity ₹1,000/month (₹12,000/year)

Annuity Rates by Age

% of Purchase Price per year
Age 40
6.3%
per year
Age 45
6.7%
per year
Age 50
7.1%
per year
Age 55
7.6%
per year
Age 60
8.2%
per year
Age 65
8.9%
per year
Age 70
9.8%
per year
Age 75
11.0%
per year
Age 80
12.5%
per year
Example: Age 60, Purchase Price ₹10L → Annual Pension = ₹83,000 (₹6,917/month)
Who Should Buy This Plan?

Retirees aged 40-80 wanting guaranteed monthly pension with option to return money to family.

Frequently Asked Questions

LIC Saral Pension (858) is an IRDAI-mandated standard immediate annuity plan. It offers simple, uniform features across all insurers making it easy to compare. Pay once, receive guaranteed pension for life. Available as single life or joint life (with spouse).

Minimum entry age is 40 years and maximum entry age is 80 years.

No! From September 22, 2025, GST on all individual LIC policies including Saral Pension 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 858, 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.

Annuity = Purchase Price × Annuity Rate ÷ 100. For example, at age 60 with Purchase Price of ₹10 Lakhs and annuity rate 8.3%, annual pension = ₹83,000 (₹6,917/month). Higher age = higher rate. Use our calculator to see exact pension for your age.

Related Pension Plans
Plan 850
Jeevan Shanti
Single Premium Annuity — Guaranteed Pension for Life
Plan 842
PMVVY
Government-Backed Senior Citizen Pension Scheme
Plan 858 Quick Info
Min Age
40 yr
Max Age
80 yr
Min SA
₹100,000
GST
0% ✅
Calculate My Premium
Sample Premium
Age 60yr · ₹10.0L SA
₹82,000 /yr
Approx · 0% GST · verify with calculator
GST = 0% (Sep 2025)

From September 22, 2025, no GST on Saral Pension. You save up to 18% on premium!

Rates shown are indicative. Verify actual premium at licindia.in or with a licensed LIC agent.
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