LIC Bima Jyoti (Plan 760) is a non-linked, non-participating, savings-cum-protection plan designed for individuals seeking guaranteed returns with life insurance coverage. The plan offers assured additions every year, making it a reliable choice for long-term financial planning. This guide explains key features, eligibility, maturity benefits and why this policy is a preferred option for secure savings.
• Guaranteed additions throughout the policy term.
• Life cover available for the entire duration of the policy.
• Offers both savings and protection in a single plan.
• Suitable for long-term wealth creation with predictable returns.
• Premiums can be paid annually, semi-annually, quarterly or monthly (ECS/NACH).
• Minimum Entry Age: 90 days
• Maximum Entry Age: 60 years
• Policy Term: 15 to 20 years
• Minimum Sum Assured: ₹1,00,000
• Maximum Sum Assured: No limit (subject to underwriting)
• Premium Payment Mode: Annual, Half-Yearly, Quarterly, Monthly
LIC Bima Jyoti provides guaranteed additions at a fixed rate of:
• ₹50 per ₹1,000 Sum Assured every policy year
This feature ensures that your savings grow steadily regardless of market conditions, making the plan ideal for risk-free accumulation.
At the end of the policy term, the maturity benefit consists of:
• Sum Assured on Maturity
+
Total Guaranteed Additions accumulated through the years.
This amount is paid as a lump sum, offering predictable and stable growth.
In case of the policyholder’s unfortunate demise during the term, the nominee receives:
• Sum Assured on Death
+
Guaranteed Additions accumulated till the year of death.
Death benefit enhances financial security for the family and ensures long-term protection.
Policyholders can add riders for extra coverage, including:
• Accidental Death & Disability Benefit Rider
• Accident Benefit Rider
• New Term Assurance Rider
• Premium Waiver Benefit (for minors)
These add-ons provide additional protection based on individual needs.
Once the policy acquires a surrender value, policyholders can avail a loan to meet short-term financial needs. This makes the plan flexible and useful during emergencies.
• Individuals seeking guaranteed and risk-free returns.
• Parents planning long-term savings for children.
• Investors wanting predictable maturity benefits.
• Anyone looking for a blend of savings + life protection.
• People preferring stable returns without market exposure.
LIC Bima Jyoti Plan 760 is a dependable savings-oriented life insurance plan offering guaranteed additions and financial protection. With fixed yearly benefits, flexible payment options and strong long-term returns, it is an excellent choice for individuals seeking assurance, stability and disciplined wealth creation. It stands out as a smart option for families looking for secure and predictable financial planning.