Bima Ratna – 764

LIC Bima Ratna (Plan No. 764) is a modern, non-linked, non-participating life insurance plan designed for individuals who want guaranteed returns, regular income, and strong life protection without taking any market risk. This plan is especially suitable for people who prefer certainty and transparency in their long-term financial planning.

Unlike traditional bonus-based plans, Bima Ratna offers guaranteed additions and predefined survival benefits. This means policyholders know in advance what benefits they will receive, making it easier to plan expenses such as education, marriage, business expansion, or retirement.

Key Features of LIC Bima Ratna – 764

• Non-Linked & Non-Participating: Benefits are guaranteed and not affected by market fluctuations.
• Regular Survival Benefits: A percentage of the Sum Assured is paid at fixed intervals during the policy term.
• Guaranteed Additions: Assured additions are added every year, increasing maturity value.
• Maturity Benefit: Remaining Sum Assured plus guaranteed additions paid at maturity.
• Comprehensive Life Cover: Full protection throughout the policy term.
• Transparent Structure: Clearly defined benefits with no bonus uncertainty.
• Liquidity: Survival benefits provide regular cash flow.
• Loan Facility: Loan available once the policy acquires surrender value.
• Tax Benefits: Premium eligible under Section 80C; benefits under Section 10(10D).
• LIC Trust: Backed by Life Insurance Corporation of India.

Benefits of LIC Bima Ratna

✔ Guaranteed Returns: You know exactly what you will receive at maturity, making financial planning simple.

✔ Regular Income: Survival benefits provide periodic liquidity without disturbing long-term savings.

✔ Strong Family Protection: In case of death during the policy term, the nominee receives the death benefit, ensuring family security.

✔ No Market Risk: Suitable for conservative investors who want stable and predictable benefits.

✔ Goal-Based Planning: Ideal for education, marriage, business needs, or retirement planning.

Examples & Calculations

Let us understand how LIC Bima Ratna – 764 works through a practical and easy-to-understand example.

• Age at Entry: 35 years
• Policy Term: 20 years
• Sum Assured: ₹10,00,000
• Premium Paying Term: 10 years
• Annual Premium (Approx): ₹90,000 – ₹95,000

Total Premium Paid:
₹92,000 × 10 years = ₹9,20,000 (approx)

Survival Benefits:
A fixed percentage of Sum Assured is paid at predefined intervals, providing regular income during the policy term.

Guaranteed Additions:
Guaranteed additions accumulate every year and significantly enhance the final maturity value.

Maturity Benefit:
Remaining Sum Assured + Guaranteed Additions
Total Maturity Amount: ₹18,00,000 – ₹20,00,000 (approx)

This maturity amount can be used for retirement planning, asset creation, or long-term financial security.

Death Benefit Scenario:
If the policyholder dies during the policy term, the nominee receives the death benefit as per policy conditions, ensuring uninterrupted financial support.

Premium and benefit figures are indicative and may vary based on age, term, and LIC rules.

Who Should Buy LIC Bima Ratna?

✔ Individuals seeking guaranteed income and savings

✔ Conservative investors avoiding market-linked products

✔ Parents planning education or marriage expenses

✔ Professionals planning retirement with certainty

Conclusion

LIC Bima Ratna – 764 is a reliable and transparent life insurance solution that offers guaranteed returns, regular income, and strong family protection. With predefined benefits, no market risk, and LIC’s unmatched trust, this plan is ideal for individuals who want disciplined long-term savings with complete peace of mind.

If your financial goal is to secure the future with certainty, while enjoying periodic income and life cover, Bima Ratna stands out as a dependable and future-ready LIC plan.