BIMA JYOTI

Feb. 23, 2021

Life Insurance Corporation of India has introduced LIC’s Bima Jyoti a Non-Linked, Non-Participating, Individual, Savings Plan, which offers an attractive combination of protection and savings.

About:

  • This plan provides guaranteed lumpsum payment at maturity and financial support to the family in case of the unfortunate death of the policyholder during policy term.

  • Guaranteed Additions at the rate of Rs.50 per thousand Basic Sum Assured will be added to the policy at the end of each policy year.

  • On death during the policy term after the date of commencement of risk, “Sum Assured on Death” and Accrued Guaranteed Additions as per policy conditions is payable.

  • The Minimum Basic Sum Assured is Rs 1,00,000/- with no upper limit. The Policy can be taken for a term of 15 to 20 years with premium paying term calculated as Policy term minus 5 years.

  • The minimum age at entry is 90 days completed and maximum age at entry is 60 yrs.

Source : PIB