LIC — Endowment Plans

LIC's Bima Jyoti (Plan 760)

RECOMMENDED

Premium

₹100/Day

Sum Assured

₹1.25 Lakh - No Limit

Term

15-20 Years

Premium Paying

Policy Term minus 5 years

Key Features

Guaranteed Additions of ₹50 per ₹1000 Basic SA every year

Non-participating plan - guaranteed benefits fixed at inception

No bonus uncertainty - what you see is what you get

Loan facility available

Available online from LIC website

Tax benefits under Section 80C & 10(10D)

Premium waiver on accidental total disability

Death benefit in the year of death includes full year's GA

Sum Assured on Maturity (= Basic SA) + Accrued Guaranteed Additions

Higher of 125% of Basic SA or 7x Annualized Premium + Accrued Guaranteed Additions. Min 105% of total premiums paid.

Accident Benefit RiderPremium Waiver Benefit RiderCritical Illness RiderTerm Assurance Rider

Age: 30 days - 60 years, Min SA ₹1.25 Lakh, PPT = PT - 5 years

Guaranteed ₹50/1000 SA additions every year - no bonus uncertainty