LIC’s Bima Jyoti

LIC’s Bima Jyoti (UIN: 512N339V02)

A Non-Linked, Non-Participating, Individual, Life Assurance Savings Plan

LIC’s Bima Jyoti, a unique insurance plan designed to offer an attractive combination of protection and savings. This plan ensures financial security for your family in case of your unfortunate demise during the policy term, and it also guarantees a lumpsum payment at the time of maturity if you survive the policy term.

Here’s everything you need to know about LIC’s Bima Jyoti:

Key Benefits:

1. Death Benefit:

  • Before Commencement of Risk:

Return of premiums paid, excluding taxes, extra premium, and rider premium(s), if any.

  • After Commencement of Risk:

“Sum Assured on Death” and Accrued Guaranteed Additions, with the minimum death benefit being at least 105% of the total premiums paid (excluding any extra premium, any rider premium(s), and taxes).

2. Maturity Benefit:

On surviving the stipulated Date of Maturity, the “Sum Assured on Maturity” along with Guaranteed Additions will be payable.

3. Guaranteed Additions:

Guaranteed Additions at the rate of Rs. 50 per thousand Basic Sum Assured are added to the policy at the end of each policy year, provided the policy is in-force by payment of due premiums.

Eligibility and Policy Terms:

  • Minimum Basic Sum Assured: Rs. 1,00,000
  • Maximum Basic Sum Assured: No limit (in multiples of Rs. 25,000)
  • Policy Term: 15 to 20 years
  • Premium Paying Term: Policy Term minus 5 years
  • Minimum Age at Entry: 90 days
  • Maximum Age at Entry: 60 years
  • Minimum Age at Maturity: 18 years
  • Maximum Age at Maturity: 75 years

Additional Options:

Rider Benefits:

  • Accidental Death and Disability Benefit Rider
  • Accident Benefit Rider
  • New Term Assurance Rider
  • New Critical Illness Benefit Rider
  • Premium Waiver Benefit Rider

Each of these riders provides additional coverage and benefits that can be opted for by paying an extra premium.

Settlement Options:

For Maturity Benefit:

Receive the maturity benefit in instalments over a period of 5, 10, or 15 years instead of a lump sum amount.

For Death Benefit:

Receive the death benefit in instalments over a period of 5, 10, or 15 years instead of a lump sum amount.

How to Buy LIC’s Bima Jyoti

This plan can be purchased both offline through agents and other intermediaries, and online directly through our official website. To get started, visit and follow the easy steps to secure your future today.

Feel free to contact us for more details or to clear any doubts you might have. Our representatives are always here to assist you in making the best decision for your financial security.