LIC Bima Jyoti, an endowment investment plan that guarantees guaranteed returns and is non-participating insurance plan, offers guaranteed returns.

This plan provides live coverage and tax benefits. You can purchase this plan through an agent or online at a reduced rate.

LIC Bima Jyoti launched on 22nd Feb 20, 2021. And this lets you take advantage of a brand-new offer.

Let’s find other critical details of this insurance plan.

Features – LIC Bima Jyoti

  • This plan is an investment and insurance plan with guaranteed benefits.
  • Guaranteed additions @ Rs. Every year, 50 percent of the Sum Assured will be added
  • Tax Benefits on Premiums, Death Benefits & Maturity Benefits
  • You can get a loan to cover this policy
  • Premium 7 times Annualized
  • 125% Basic Assured Sum

Benefits – LIC Bima Jyoti

Loan Benefit


Once the Surrender Value is reached, you will be eligible for a loan to finance this policy. After 3 years of paying premiums, this plan will be granted a Surrender value. The prevailing interest rate and loan amount will depend on the current situation at the time you take the loan.

Maturity Benefit

You will receive Sum Assured + All Guaranteed Additionals upon reaching the date de maturation.
The Guaranteed Additions, as mentioned previously, are added each year at Rs. 50 for every 1,000-sum assured.

Critical Illness Rider
The Critical Illness Sum Assured will pay out if the policyholder is diagnosed as having any of the 15 Critical Illnesses covered by this plan.

Death Benefit

The policyholder has the option to make the death benefit available to the nominee every month, quarterly, half-yearly, or annually. This can be done over a period of 5, 10, or 15 years. This allows the nominee to have a regular cash flow instead of a lump sum.

New Term Assurance Rider
An additional amount of coverage will be paid in the event of death.

Premium Waiver Rider
All future premiums are waived in the event of the death of a policyholder.

Accidental Death and Disability Insurance Rider
In the event of accidental death, the selected rider sum assured will be paid in addition the base sum assured. The extra sum assured is paid in 10-year installments. Future premiums are waived for any additional sum assured.

Eligibility for LIC Bima Jyoti

Entry age: 90-to-60 years

Minimum Assured sum:1 Lakh

Maximum Assured sum: No set limit

Policy Duration: Policy Term Minus 5 Years

Premium Payment Cycle: Monthly/Quarterly/Half-yearly/Annual