LIC Saral Jeevan Bima Plan 859
🔍 Looking for a Simple and Affordable Life Insurance Plan?
If yes, then LIC Saral Jeevan Bima Plan 859 might be the ideal choice for you. This plan is designed especially for individuals who want basic, transparent, and reliable term life insurance without complex features.
📝 Plan Highlights – LIC Saral Jeevan Bima 859
| Plan Name | LIC Saral Jeevan Bima Plan 859 |
|---|---|
| Plan Type | Pure Term Life Insurance |
| Entry Age | 18 to 65 years |
| Maximum Maturity Age | 70 years |
| Policy Term | 5 to 40 years |
| Sum Assured | ₹5 Lakhs to ₹25 Lakhs |
| Premium Payment Modes | Yearly / Half-Yearly / Quarterly / Monthly |
🔒 What is LIC Saral Jeevan Bima Plan?
LIC Saral Jeevan Bima is a pure term insurance plan, which means it offers life cover only. In case of the policyholder’s death during the policy term, the nominee will receive the sum assured. If the policyholder survives the term, no maturity benefit is payable.
It’s a standardized plan, regulated by IRDAI, so all insurers offer it with similar benefits – ensuring transparency and simplicity.
🎯 Key Benefits of LIC Saral Jeevan Bima Plan 859
✅ 1. Simplicity
Straightforward policy with no hidden terms. Perfect for first-time insurance buyers.
✅ 2. Affordable Premiums
You can get life cover starting from ₹5 Lakhs at low premiums, making it accessible for all income groups.
✅ 3. Flexible Premium Payment
Pay your premium yearly, half-yearly, quarterly, or monthly – as per your convenience.
✅ 4. No Medical in Some Cases*
Medical tests may not be required for healthy individuals within specific age and sum assured limits.
👪 Who Should Consider This Plan?
- Small business owners
- Workers in unorganized sectors
- First-time insurance buyers
- Salaried individuals looking for family protection
📌 Important Terms to Know
- No maturity benefit if the policyholder survives the policy term.
- Death benefit is paid only in case of demise during the policy term.
- There is a 45-day waiting period, except in the case of accidental death.
📄 Documents Required
- Aadhar Card, PAN Card
- Address Proof
- Income Proof (if applicable)
- Passport-size Photograph
📞 How to Buy LIC Saral Jeevan Bima Plan 859?
Easy 5-Step Process:
- Visit our website: www.licfuture.com
- Fill the “Get a Quote” form
- Our LIC advisor will contact you
- Submit documents and choose premium payment mode
- Policy will be issued and emailed to you after approval
🙋 FAQs – Frequently Asked Questions
Q. Does this plan offer tax benefits?
➡️ Yes, you get tax deductions under Section 80C and 10(10D) of the Income Tax Act.
Q. What if I miss a premium payment?
➡️ You can still pay within the grace period and keep your policy active.
Q. When is a medical test required?
➡️ It depends on your age and the sum assured selected.
✅ Final Thoughts
LIC Saral Jeevan Bima Plan 859 is a great entry-level term insurance plan that every earning individual should consider for family protection. With easy eligibility, low premiums, and IRDAI-standard features, it’s a smart step towards securing your family’s future.
📲 Get in Touch Today
Still confused? No worries! Our expert LIC advisors at LICFuture.com are here to help you.
👉 Click here to Get a Free Quote
