Saral Jeevan Bima Calculator

Plan 859UIN: 512N341V01

IRDAI mandated simple term plan, no confusion

Calculate Your Premium

Your Age (years)

Eligibility: 18 to 65 years

Sum Assured (Rs.)

Minimum: ₹5,00,000 | Maximum: ₹25,00,000

Premium Paying Term (years)

Payment Mode

View full plan details for Saral Jeevan Bima→

Estimated Premium

Annual Premium

₹2,335

GST-exempt (individual life cover)

Annual Premium

₹2,335

Sum Assured

₹5,00,000

Term

25 years

Total Premium

₹58,375

Add riders

Accidental Death and Disability Benefit Rider1/1,000/yrAccident Benefit Rider0.5/1,000/yr

Benefits at a Glance

Death Benefit

Sum Assured paid to nominee

Maturity Benefit

None, pure protection

Tax Benefits

Section 80C deduction on premiums

Official Premium Table(from LIC Sales Brochure)

Age	25 yr
25 yrs	₹3,850
30 yrs	₹4,670
35 yrs	₹6,110
40 yrs	₹8,340
45 yrs	₹11,660

Annual premiums in Rs. for BSA of ₹10,00,000. Standard lives. Exclusive of taxes.

Mode Rebates: Yearly: Nil | Half-Yearly: 2% loading | Qtr/Monthly: Monthly (NACH): 3% loading

High Sum Assured Rebate

Sum Assured Range	Rebate
₹5L to ₹9.5L	Nil
₹10L to ₹14.5L	0.10‰ premium
₹15L to ₹19.5L	0.20‰ premium
₹20L and above	0.25‰ premium

Important Disclaimer

These premium rates are indicative, sourced from official LIC Sales Brochures. Actual premiums may differ based on underwriting, medical examination, and other factors. Individual life insurance is GST-exempt since Sep 2025. Please consult your insurance advisor or nearest LIC branch for exact premium quotes before making any purchase decisions.

Last verified: 2026-03-21

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