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LIC Bima Jyoti is a non-linked, participating, individual, life insurance savings plan that offers both life cover and guaranteed returns.
It is designed for people who want a safe, fixed-return insurance plan with assured benefits at maturity.
| Feature | Details |
|---|---|
| Type | Non-linked, Non-participating, Individual Savings Plan |
| Policy Term | 15 to 20 years |
| Premium Paying Term (PPT) | Policy Term – 5 years |
| Minimum Sum Assured | ₹1,00,000 |
| Maximum Sum Assured | No Limit (in multiples of ₹25,000) |
| Age at Entry | 90 days (min) to 60 years (max) |
| Maturity Age | 18 to 75 years |
| Premium Payment Mode | Yearly, Half-yearly, Quarterly, or Monthly |
| Loan Facility | Available after 2 years |
| Surrender Value | Available after 2 years of premium payment |
Let’s say:
LIC adds ₹50 per ₹1,000 Sum Assured every year throughout the policy term.
👉 ₹50 × (₹10,00,000 ÷ ₹1,000) = ₹50,000 per year
👉 For 20 years = ₹50,000 × 20 = ₹10,00,000 (Guaranteed Additions)
🎉 Total Maturity Value: ₹20,00,000
If the policyholder dies during the policy term (after risk commencement):
| Benefit Type | Description |
|---|---|
| Death Benefit | Provides financial support to the family in case of unfortunate death during the policy term. |
| Maturity Benefit | Guaranteed lump sum (Sum Assured + Guaranteed Additions) at policy maturity. |
| Guaranteed Additions | ₹50 per ₹1,000 Sum Assured added annually throughout the policy term. |
| Loan Facility | Can avail a policy loan after 2 years. |
| Tax Benefits | Premiums eligible under Sec 80C and returns under Sec 10(10D) of the Income Tax Act. |
| Rebate | Rebate on higher sum assured and for annual premium payment. |
LIC Bima Jyoti gives you guaranteed returns every year and a lump sum maturity amount at the end of the policy. Even if something happens to you, your family still gets a guaranteed payout.
It’s a secure, low-risk insurance + savings combo.
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