Saral Pension Calculator

Plan 862UIN: 512N342V05

IRDAI mandated simple pension plan, straightforward retirement income

Calculate Your Premium

Your Age (years)

Eligibility: 40 to 80 years

Sum Assured (Rs.)

Minimum: ₹1,000

Policy Term (years)

Payment Mode

View full plan details for Saral Pension→

Estimated Premium

Annual Premium

₹1,000

GST-exempt (individual life cover)

Annual Premium

₹1,000

Sum Assured

₹1,000

Term

1 years

Total Premium

₹1,000

Add riders

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

Benefits at a Glance

Death Benefit

Purchase price returned to nominee

Maturity Benefit

Pension for life

Tax Benefits

Section 80CCC deduction on premium
Pension is taxable income

Official Premium Table(from LIC Sales Brochure)

Age	1 yr
40 yrs	₹10,00,000
50 yrs	₹10,00,000
60 yrs	₹10,00,000
70 yrs	₹10,00,000

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

Mode Rebates: Yearly: Single premium only | Half-Yearly: N/A | Qtr/Monthly: N/A

High Sum Assured Rebate

Sum Assured Range	Rebate
₹5L to ₹10L	Higher annuity rate per slab
₹10L to ₹25L	Higher annuity rate per slab
₹25L and above	Highest annuity rate per slab

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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