LIC Saral Jeevan Bima Plan 859: A Simple & Secure Life Insurance Option
Life is unpredictable, and having financial security for your family is a necessity. LIC Saral Jeevan Bima Plan 859 is a pure term insurance plan that offers financial protection to your loved ones in case of an unfortunate event. This policy is designed to be simple, affordable, and accessible to a wide range of customers. Let’s explore its features, benefits, and eligibility criteria in detail.
What is LIC Saral Jeevan Bima Plan 859?
LIC Saral Jeevan Bima Plan 859 is a standard individual term insurance plan that provides life coverage without any savings or maturity benefits. The policy ensures that your family remains financially secure even if you are not around.
This plan is ideal for individuals looking for basic life insurance coverage without complexities.
Key Features of LIC Saral Jeevan Bima Plan 859
- Pure Term Insurance – Offers life cover with no maturity benefits.
- Flexible Policy Term – Available for terms ranging from 5 to 40 years.
- Affordable Premiums – Get life cover at budget-friendly premiums.
- Death Benefit – Sum assured is paid to the nominee in case of policyholder’s demise.
- No Medical Tests (For Certain Age & Sum Assured) – Based on age and sum assured, some individuals may get coverage without medical tests.
- Simple & Standardized Plan – Easy-to-understand policy without complicated riders or hidden conditions.
- Policy Purchase – Can be bought online or offline.
Benefits of LIC Saral Jeevan Bima Plan 859
✅ Financial Security – Ensures your family is financially stable in your absence.
✅ Flexible Premium Payment – Choose from single, yearly, half-yearly, or monthly premium payments.
✅ High Entry Age Limit – Available for individuals aged between 18 and 65 years.
✅ Tax Benefits – Get tax deductions under Section 80C of the Income Tax Act, 1961.
✅ Grace Period – 30 days grace period for yearly/half-yearly payments and 15 days for monthly payments.
✅ Waiting Period – 45 days from policy commencement (except for accidental death).
Eligibility Criteria
| Criteria | Details |
|---|---|
| Entry Age | 18 to 65 years |
| Maximum Maturity Age | 70 years |
| Policy Term | 5 to 40 years |
| Minimum Sum Assured | ₹5 lakh |
| Maximum Sum Assured | No limit |
| Premium Payment Modes | Single, Yearly, Half-Yearly, Monthly |
Who Should Buy This Policy?
- Sole Breadwinners – If you are the primary earning member, this plan secures your family’s future.
- Young Professionals – Affordable premiums allow young individuals to secure their life early.
- Self-Employed Individuals – Those with unpredictable incomes can benefit from financial security.
- Individuals Seeking Simple Life Insurance – If you want a straightforward life insurance policy, this is an excellent choice.
How to Buy LIC Saral Jeevan Bima Plan 859?
- Visit LIC’s Official Website or contact an LIC agent.
- Choose Sum Assured and policy term based on your requirements.
- Fill out the Application Form with required personal and medical details.
- Complete KYC Verification – Submit ID proof, address proof, and income proof.
- Make Payment – Pay the premium online or offline.
- Receive Policy Document – Once processed, you will get your policy document via email or post.
Conclusion
LIC Saral Jeevan Bima Plan 859 is a simple yet effective term insurance plan that ensures peace of mind and financial security for your loved ones. With affordable premiums, flexible policy terms, and easy claim settlement, this plan is an ideal choice for individuals looking for a hassle-free insurance solution.
Secure your family’s future today by opting for LIC Saral Jeevan Bima Plan 859!
Need Assistance? Contact LICFuture.com for expert guidance and policy assistance.
